DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC

EIN: 620752586 501(c)(3) Education

MORRISTOWN, TN

Total Revenue
$23,834,217
Total Expenses
$24,565,357
Total Assets
$18,762,902
Net Assets
$16,238,512
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
TN
Principal Officer
DAVID SIGLER
Phone
4235874500
Tax Period
2024-07-01 to 2025-06-30

DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $23.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

DOUGLAS-CHEROKEE ECONOMIC AUTHORITY, INC. IS A COMMUNITY ACTION AGENCY SERVING SIX (6) RURAL APPALACHIAN COUNTIES EAST TENNESSEE-COCKE, GRAINGER, HAMBLEN, JEFFERSON, MONROE AND SEVIER. THE PURPOSE OF THE AGENCY IS TO HELP FAMILIES LIVING IN POVERTY IMPROVE THEIR LIVES BY PROVIDING THEM WITH ASSISTANCE AND SERVICES THAT THEY ARE NOT ABLE TO PROVIDE FOR THEMSELVES. THE FOCUS OF THE AGENCY IS TO HELP PEOPLE HELP THEMSELVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,581,486
Program Service Revenue $9,183
Investment Income $9,194
Other Revenue $2,234,354
TOTAL REVENUE $23,834,217

Expense Breakdown

Grants Paid $5,175,452
Salaries & Benefits $14,035,865
Fundraising Expenses $0
Program Expenses $23,338,278
Other Expenses $5,354,040
TOTAL EXPENSES $24,565,357

Year-over-Year Comparison

2024 2023 Change
Revenue $23,834,217 $28,260,212 -0.2%
Expenses $24,565,357 $26,545,583 -0.1%
Net Income $-731,140 $1,714,629 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
635
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$202,396
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MEGAN BARNARD EXEC DIRECTO 40.00
Officer
$110,786 $0 $110,786
DAVID SIGLER FISCAL OFFIC 40.00
Officer
$91,610 $0 $91,610
CLAY BLAZER DIRECTOR 1.00
Director
$0 $0 $0
ROXANNE BOWEN SECRETARY 1.00
Director
$0 $0 $0
KIM BRISCOE DIRECTOR 1.00
Director
$0 $0 $0
LAUREN CARROLL DIRECTOR 1.00
Director
$0 $0 $0
BETTYE CARVER DIRECTOR 1.00
Director
$0 $0 $0
JIM CLAWSON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL COLLINS VICE CHAIRPE 1.00
Director
$0 $0 $0
MISTY CAMERON DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CUTSHAW FINANCE 1.00
Director
$0 $0 $0
SHARON DAVIS DIRECTOR 1.00
Director
$0 $0 $0
NANCY FARRIS CHILD DEVELO 1.00
Director
$0 $0 $0
WAYNE HELTON DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE HITE DIRECTOR 1.00
Director
$0 $0 $0
KATHY HOLT DIRECTOR 1.00
Director
$0 $0 $0
TRACY JETT DIRECTOR 1.00
Director
$0 $0 $0
MICHELE LOVE DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE MCNALLY DIRECTOR 1.00
Director
$0 $0 $0
LEE ANNE STRICKLAND DIRECTOR 1.00
Director
$0 $0 $0
DONNA SHELTON DIRECTOR 1.00
Director
$0 $0 $0
JOAN STOKELY DIRECTOR 1.00
Director
$0 $0 $0
RENE TABOR CHAIRPERSON 1.00
Director
$0 $0 $0
GLORIA WALKER DIRECTOR 1.00
Director
$0 $0 $0
JESSICA WALKER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $23,834,217 $24,565,357 $18,762,902 $-731,140
2024 $28,260,212 $26,545,583 $19,418,699 $1,714,629
2023 $30,366,317 $30,592,995 $17,392,244 $-226,678
2022 $28,197,437 $27,475,562 $21,080,694 $721,875
2021 $27,779,644 $27,203,657 $16,928,422 $575,987
2020 $24,662,210 $23,627,046 $16,863,846 $1,035,164
2019 $24,184,522 $22,744,189 $15,901,561 $1,440,333
2018 $22,245,053 $21,252,520 $14,542,832 $992,533
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