CHATT FOUNDATION (EIN 621151413) - 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

1982

Legal Domicile

Principal Officer

BARON KING

Phone

4237564222

Tax Period

2024-01-01 to 2024-12-31

CHATT FOUNDATION, founded in 1982, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Expenses of $4.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO MEET THE MOST BASIC NEEDS OF HUNGRY, HOMELESS, AND VULNERABLE INDIVIDUALS IN THE CHATTANOOGA COMMUNITY WHILE PROVIDING A CLEAR PATH TO SELF-SUFFICIENCY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,512,553

Program Service Revenue $119,762

Investment Income $87,081

Other Revenue $-23,913

TOTAL REVENUE $3,695,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,235,844

Fundraising Expenses $290,992

Program Expenses $3,355,208

Other Expenses $2,032,678

TOTAL EXPENSES $4,268,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,695,483	$3,457,715	+0.1%
Expenses	$4,268,522	$3,318,031	+0.3%
Net Income	$-573,039	$139,684	-5.1%

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

3500

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

$409,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Baron King	CEO	40.0	Officer	$158,026	$14,551	$172,577
Holly Reeve	CDO	40.0	Officer	$108,391	$12,616	$121,007
Vanessa Blevins	CFO	40.0	Officer	$103,160	$12,406	$115,566
AJIT C DESAI	BOARD MEMBER	2.0	Director	$0	$0	$0
ALICE WILLIAMS	EXECUTIVE COMMITTEE	2.0	Officer Director	$0	$0	$0
CHRISTA SONGER	BOARD MEMBER	2.0	Director	$0	$0	$0
CINDY WHITE	BOARD MEMBER	2.0	Director	$0	$0	$0
DAVID STANISLAWSKI	BOARD MEMBER	2.0	Director	$0	$0	$0
DAVID WILSON	MEMBER AT LARGE	2.0	Director	$0	$0	$0
DEBBIE WALKER	BOARD MEMBER	2.0	Director	$0	$0	$0
DON THATCHER	BOARD MEMBER	2.0	Director	$0	$0	$0
DOUG PERRY	MEMBER AT LARGE	2.0	Director	$0	$0	$0
ERIN WESTBERG	BOARD MEMBER	2.0	Director	$0	$0	$0
GARY STEVENS	EXECUTIVE COMMITTEE	2.0	Officer Director	$0	$0	$0
GINGER SANZO	BOARD MEMBER	2.0	Director	$0	$0	$0
GREG GIVENS	BOARD MEMBER	2.0	Director	$0	$0	$0
FATHER WILL LEVANWAY	BOARD MEMBER	2.0	Director	$0	$0	$0
JACK TOWNS	BOARD MEMBER	2.0	Director	$0	$0	$0
JEFFREY T WILSON	BOARD MEMBER	2.0	Director	$0	$0	$0
JEREMIAH MCFARLAND	BOARD MEMBER	2.0	Director	$0	$0	$0
JEREMY SONGER	BOARD MEMBER (alternate)	2.0	Director	$0	$0	$0
JOAN RENNHACK	BOARD MEMBER	2.0	Director	$0	$0	$0
JOANI KOCH	BOARD MEMBER	2.0	Director	$0	$0	$0
JOHN CRAWLEY	BOARD MEMBER	2.0	Director	$0	$0	$0
JOHN JOHNSON	BOARD MEMBER	2.0	Director	$0	$0	$0
KAREN SLOAN	EXECUTIVE COMMITTEE	2.0	Officer Director	$0	$0	$0
KAREN RENNICH	EXECUTIVE COMMITTEE	2.0	Officer Director	$0	$0	$0
KATRINA PAYNE	BOARD MEMBER	2.0	Director	$0	$0	$0
KELVIN FLINT	BOARD MEMBER	2.0	Director	$0	$0	$0
LAVERNE MCMUTUARY	EXECUTIVE COMMITTEE	2.0	Officer Director	$0	$0	$0
LINDA PUCKETT	BOARD MEMBER	2.0	Director	$0	$0	$0
LISA KINER	BOARD MEMBER	2.0	Director	$0	$0	$0
MARIA JUSTICE	BOARD MEMBER	2.0	Director	$0	$0	$0
MARK HACKETT	BOARD MEMBER	2.0	Director	$0	$0	$0
MARY JANE ALLEN	EXECUTIVE COMMITTEE	2.0	Officer Director	$0	$0	$0
MECSHELL SISK	BOARD MEMBER	2.0	Director	$0	$0	$0
PAUL PHILLIPS	BOARD MEMBER	2.0	Director	$0	$0	$0
RAY BARNEY	BOARD MEMBER	2.0	Director	$0	$0	$0
RUSTY ROUSE	BOARD MEMBER	2.0	Director	$0	$0	$0
SHAD GUINN	BOARD MEMBER	2.0	Director	$0	$0	$0
SHARON DIEGEL	BOARD MEMBER	2.0	Director	$0	$0	$0
TONY PESSINI	BOARD MEMBER	2.0	Director	$0	$0	$0
WILL JONES	BOARD MEMBER	2.0	Director	$0	$0	$0
WILL LAUDERBACK	BOARD MEMBER	2.0	Director	$0	$0	$0
GEORGE FULLER	Treasurer	2.0	Director	$0	$0	$0
MARY EVANS	MEMBER AT LARGE	2.0	Director	$0	$0	$0
TONY MCMUTUARY	BOARD MEMBER (alternate)	2.0	Director	$0	$0	$0
PATRICE SMITH	BOARD MEMBER	2.0	Director	$0	$0	$0
MAUREEN DONNELLY	BOARD MEMBER	2.0	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	$3,695,483	$4,268,522	$9,802,754	$-573,039
2023	No data	No data	No data	No data
2022	$2,340,641	$2,845,199	$9,638,614	$-504,558
2021	$3,189,799	$2,920,572	$10,695,682	$269,227
2020	$3,742,220	$2,411,141	$10,211,689	$1,331,079
2019	$2,206,249	$2,092,251	$8,406,345	$113,998
2018	$2,365,411	$2,115,180	$7,982,628	$250,231

CHATT FOUNDATION