TENNESSEE STATE EMPLOYEES ASSOCIATION (EIN 620964216) - 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

1974

Legal Domicile

Principal Officer

LATANYA MCADOO

Phone

6152564533

Tax Period

2023-07-01 to 2024-06-30

TENNESSEE STATE EMPLOYEES ASSOCIATION, founded in 1974, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 13% surplus.

Mission

ORGANIZATION'S PURPOSE IS TO ENCOURAGE THE DEVELOPMENT AND MAINTENANCE OF AN EFFECTIVE AND EFFICIENT WORKFORCE FOR THE STATE OF TENNESSEE.

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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 $0

Program Service Revenue $2,210,479

Investment Income $46,941

Other Revenue $143,968

TOTAL REVENUE $2,401,388

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $1,448,644

Fundraising Expenses $0

Other Expenses $629,759

TOTAL EXPENSES $2,080,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,401,388	$2,210,526	+0.1%
Expenses	$2,080,403	$2,240,071	-0.1%
Net Income	$320,985	$-29,545	-11.9%

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

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

$139,729

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNIE COLE	PRESIDENT	4.00	Officer Director	$0	$0	$0
DENA TAYLOR	VICE PRESIDENT (EAST TN)	1.00	Officer Director	$0	$0	$0
CYNTHIA MURDOCK	VICE PRESIDENT (MIDDLE TN)	1.00	Officer Director	$0	$0	$0
TERESA GRICE	VICE PRESIDENT (WEST TN)	1.00	Officer Director	$0	$0	$0
JACKIE COLEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM OSBORNE	TREASURER	2.00	Officer Director	$0	$0	$0
HEATHER SHARP	DIRECTOR (DISTRICT 1)	1.00	Director	$0	$0	$0
MELVIN WRIGHT JR	DIRECTOR (DISTRICT 2)	1.00	Director	$0	$0	$0
TRACY MCCLAIN	DIRECTOR (DISTRICT 3)	1.00	Director	$0	$0	$0
CANDACE J LEWIS	DIRECTOR (DISTRICT 4)	1.00	Director	$0	$0	$0
MARTHA WETTEMANN	DIRECTOR (DISTRICT 5)	1.00	Director	$0	$0	$0
CONSTANCE SMITH-BURWELL	DIRECTOR (DISTRICT 6)	1.00	Director	$0	$0	$0
HERNANDEZ HAVARD	DIRECTOR (DISTRICT 7)	1.00	Director	$0	$0	$0
JUSTAN SPURLING	DIRECTOR (DISTRICT 8)	1.00	Director	$0	$0	$0
STEVE THOMAS	DIRECTOR (DISTRICT 9)	1.00	Director	$0	$0	$0
BETTY HARDIN	DIRECTOR (DISTRICT 10)	1.00	Director	$0	$0	$0
TOM HILL	DIRECTOR (DISTRICT 11)	1.00	Director	$0	$0	$0
LEANN MARTIN	DIRECTOR (DISTRICT 12)	1.00	Director	$0	$0	$0
LATANYA MCADOO	EXEC DIRECTOR	40.00	Officer	$108,136	$31,593	$139,729

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	No data	No data	No data	No data
2024	$2,401,388	$2,080,403	$1,949,214	$320,985
2023	$2,210,526	$2,240,071	$1,593,147	$-29,545
2022	$2,271,087	$2,328,984	$1,662,089	$-57,897
2021	$2,462,883	$2,154,039	$1,721,699	$308,844
2020	$2,525,228	$2,334,369	$1,390,104	$190,859
2019	$2,484,611	$2,386,388	$1,577,025	$98,223
2018	$2,422,200	$2,081,500	$1,532,464	$340,700

TENNESSEE STATE EMPLOYEES ASSOCIATION