EAST TENNESSEE FOUNDATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

KEITH BARBER

Phone

8655241223

Tax Period

2023-01-01 to 2023-12-31

EAST TENNESSEE FOUNDATION, founded in 1986, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $19.8M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $25.6M exceeded revenue, resulting in a 29% operating deficit.

Mission

IN 2023, THE FOUNDATION HELD NUMEROUS CHARITABLE FUNDS AND GRANTED 22,982,955 FOR A WIDE VARIETY OF CHARITABLE PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $15,577,723

PROVIDED ASSISTANCE IN THE FORM OF 938 GRANTS FROM DONOR ADVISED FUNDS TO 495 501(C)(3) ORGANIZATIONS, GOVERNMENT ENTITIES AND CHURCHES TO SUPPORT A WIDE RANGE OF CHARITABLE PURPOSES, BOTH LOCALLY...

PROVIDED ASSISTANCE IN THE FORM OF 938 GRANTS FROM DONOR ADVISED FUNDS TO 495 501(C)(3) ORGANIZATIONS, GOVERNMENT ENTITIES AND CHURCHES TO SUPPORT A WIDE RANGE OF CHARITABLE PURPOSES, BOTH LOCALLY WITHIN THE 25 COUNTY SERVICE AREA AND ALSO OUTSIDE THE REGION.

Program 2

Expenses: $4,512,476

PROVIDED GENERAL SUPPORT TO 101 501(C)(3) ORGANIZATIONS, GOVERNMENT ENTITIES AND CHURCHES IN THE FORM OF GRANTS FROM DESIGNATED ORGANIZATION AND AGENCY ENDOWMENT FUNDS.

Program 3

Expenses: $1,222,688

CONDUCTED COMPETITIVE GRANTMAKING PROGRAMS IN THE FIELD-OF-INTEREST AREAS OF AFFORDABLE HOUSING, YOUTH-AT-RISK, RACIAL JUSTICE, WOMEN AND CHILDREN, HEALTH, PROVIDING 74 GRANTS TO 687 501(C)(3)...

CONDUCTED COMPETITIVE GRANTMAKING PROGRAMS IN THE FIELD-OF-INTEREST AREAS OF AFFORDABLE HOUSING, YOUTH-AT-RISK, RACIAL JUSTICE, WOMEN AND CHILDREN, HEALTH, PROVIDING 74 GRANTS TO 687 501(C)(3) ORGANIZATIONS FOR WORTHWHILE PROJECTS IN THE 25 COUNTY SERVICE AREA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,916,737

Program Service Revenue $0

Investment Income $8,669,134

Other Revenue $205,219

TOTAL REVENUE $19,791,090

Expense Breakdown

Grants Paid $22,982,955

Salaries & Benefits $1,750,825

Fundraising Expenses $612,251

Program Expenses $23,962,950

Other Expenses $892,865

TOTAL EXPENSES $25,626,645

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,791,090	$25,934,976	-0.2%
Expenses	$25,626,645	$23,046,762	+0.1%
Net Income	$-5,835,555	$2,888,214	-3.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

457

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

$434,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM ALBRITTON	TREASURER	1.00	Officer Director	$0	$0	$0
PATSY CARSON	DIRECTOR	1.00	Director	$0	$0	$0
KAY CLAYTON	DIRECTOR	0.20	Director	$0	$0	$0
RICHARD DAPAAH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE M DARDEN	DIRECTOR	0.20	Director	$0	$0	$0
DENISE J DEAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK T FOX	DIRECTOR	1.00	Director	$0	$0	$0
HARRY GROSS	DIRECTOR	0.20	Director	$0	$0	$0
SHARON Y HANNUM	DIRECTOR	1.00	Director	$0	$0	$0
R BRUCE HARTMANN	CHAIR	1.00	Officer Director	$0	$0	$0
NATALIE L HASLAM	LIFETIME HON	N/A	Director	$0	$0	$0
LOGAN HICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNA HOSKINS	DIRECTOR	0.20	Director	$0	$0	$0
ROCIO A HUET	DIRECTOR	0.20	Director	$0	$0	$0
DIONDRE JACKSON	DIRECTOR	0.20	Director	$0	$0	$0
BENJAMIN LEWIS	DIRECTOR	0.20	Director	$0	$0	$0
A DAVID MARTIN	LIFETIME HON	0.20	Director	$0	$0	$0
DROCELLA MUGOREWERA	DIRECTOR	0.20	Director	$0	$0	$0
GENE PATTERSON	DIRECTOR	0.20	Director	$0	$0	$0
CHARLES M PECCOLO	DIRECTOR	0.20	Director	$0	$0	$0
DONDE PLOWMAN	DIRECTOR	0.20	Director	$0	$0	$0
RICHARD H ROBERTS	DIRECTOR	0.20	Director	$0	$0	$0
STEPHEN ROSEN	DIRECTOR	0.20	Director	$0	$0	$0
NATHANIEL SHELSO	DIRECTOR	1.00	Director	$0	$0	$0
KIRAN SINGH SIRAH	DIRECTOR	0.20	Director	$0	$0	$0
KAREN WALKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID V WHITE	LIFETIME HON	N/A	Director	$0	$0	$0
STUART WORDEN	LIFETIME HON	N/A	Director	$0	$0	$0
KRISTOPHER P YARLETT	DIRECTOR	0.20	Director	$0	$0	$0
KEITH BARBER	PRESIDENT +	35.00	Officer	$148,035	$1,225	$149,260
JEANETTE KELLEHER	EXECUTIVE VP	35.00	Officer	$145,245	$9,894	$155,139
MELISSA A TSCHANZ	CFO	35.00	Officer	$114,403	$15,602	$130,005

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
2024	No data	No data	No data	No data
2023	$19,791,090	$25,626,645	$255,707,303	$-5,835,555
2022	$25,934,976	$23,046,762	$239,276,526	$2,888,214
2021	$23,055,951	$23,340,516	$333,652,631	$-284,565
2020	$18,630,033	$30,463,057	$300,745,774	$-11,833,024
2019	$26,643,937	$20,949,930	$285,674,128	$5,694,007
2018	$22,882,589	$36,087,377	$256,015,743	$-13,204,788