TRISTATE MINORITY SUPPLIER DEVELOPMENT COUNCIL INC

EIN: 621086913 501(c)(3) Community Improvement

NASHVILLE, TN

Total Revenue
$924,022
Total Expenses
$595,804
Total Assets
$1,821,253
Net Assets
$1,803,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
TN
Principal Officer
CHERI K HENDERSON
Tax Period
2023-01-01 to 2023-12-31

TRISTATE MINORITY SUPPLIER DEVELOPMENT COUNCIL INC, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $924K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $328K, a strong 36% operating margin.

Mission

ADVANCEMENT OF ECONOMIC OPPORTUNITIES AND DEVELOPMENT PROGRAMS FOR ECONOMICALLY DISADVANTAGED BUSINESSES

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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 (2023)

Revenue Breakdown

Contributions & Grants $903,911
Program Service Revenue $12,000
Investment Income $8,110
Other Revenue $1
TOTAL REVENUE $924,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $311,524
Fundraising Expenses $0
Program Expenses $438,752
Other Expenses $284,280
TOTAL EXPENSES $595,804

Year-over-Year Comparison

2023 2022 Change
Revenue $924,022 $810,529 +0.1%
Expenses $595,804 $638,519 -0.1%
Net Income $328,218 $172,010 +0.9%
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

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Governance

Voting Members
12
Independent Members
11
Employees
2
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
3
$190,222
Total Directors
6
$0
Key Employees
1
$190,222
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHERI K HENDERSON PRESIDENT AND CEO 40.00
Officer Key Emp
$190,222 $0 $190,222
HERMAN WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
MARILYN CLARK DIRECTOR 2.00
Director
$0 $0 $0
KEITH HAMILTON DIRECTOR 2.00
Director
$0 $0 $0
WARREN SAWYERS DIRECTOR AND MBEIC 2.00
Director
$0 $0 $0
KIMBERLY STAGG DIRECTOR 2.00
Director
$0 $0 $0
NICOLE DUNIGAN TREASURER 2.00
Officer Director
$0 $0 $0
RICHARD MANSON LEGAL COUNSEL 5.00
Officer
$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 $924,022 $595,804 $1,821,253 $328,218
2022 $810,529 $638,519 $1,486,698 $172,010
2021 $762,988 $504,010 $1,436,779 $258,978
2020 $690,418 $546,182 $1,304,371 $144,236
2019 $628,319 $651,329 $1,078,450 $-23,010
2018 $580,693 $644,900 $1,065,878 $-64,207
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