TENNESSEE CHAPTER OF THE APPRAISAL INSTITUTE (EIN 620917502) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

Seth Rohling

Phone

3123354100

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE CHAPTER OF THE APPRAISAL INSTITUTE, founded in 1991, is a small nonprofit that reported $286K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $347K exceeded revenue, resulting in a 21% operating deficit.

Mission

To empower valuation professionals through community credentialing education body of knowledge and ethical standards.

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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 $5,273

Program Service Revenue $275,579

Investment Income $5,271

Other Revenue $0

TOTAL REVENUE $286,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $346,796

TOTAL EXPENSES $346,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,123	$315,336	-0.1%
Expenses	$346,796	$323,284	+0.1%
Net Income	$-60,673	$-7,948	+6.6%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Seth Rohling MAI AI-GRS	President	2.00	Officer Director	$0	$0	$0
Michael Williamson	Vice President	0.25	Officer Director	$0	$0	$0
Lara Sue Watson MAI AI-GRS	Treasurer	1.00	Officer Director	$0	$0	$0
David Mainord MAI AI-GRS	Secretary	0.25	Officer Director	$0	$0	$0
David Ballenger SRA	Director	0.25	Director	$0	$0	$0
Jim Bradley SRA	Director	0.25	Director	$0	$0	$0
Clint Dorris SRA	Director	0.25	Director	$0	$0	$0
Tracey Wheeler SRA	Director	0.25	Director	$0	$0	$0
Derric Smith MAI	Director	0.25	Director	$0	$0	$0
Taylor Vandever MAI	Director	0.25	Director	$0	$0	$0
Troy Vandyke MAI	Branch Chair	0.25	Director	$0	$0	$0
Ben Sellers MAI	Ex President	0.25	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
2024	No data	No data	No data	No data
2023	$286,123	$346,796	$192,813	$-60,673
2022	$315,336	$323,284	$238,351	$-7,948
2021	$256,989	$282,260	$276,640	$-25,271

TENNESSEE CHAPTER OF THE APPRAISAL INSTITUTE