TN INDEPENDENT COLLEGES & UNIVERSI… - Form 990 Financial Data

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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

1956

Legal Domicile

Principal Officer

DR CLAUDE O PRESNELL J

Phone

6152426400

Tax Period

2023-01-01 to 2023-12-31

TN INDEPENDENT COLLEGES & UNIVERSITIES, founded in 1956, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 16% operating margin.

Mission

THE TENNESSEE INDEPENDENT COLLEGES AND UNIVERSITIES ASSOCIATION (TICUA) ENGAGES TENNESSEE'S PRIVATE COLLEGES AND UNIVERSITIES TO WORK COLLABORATIVELY IN AREAS OF PUBLIC POLICY, COST CONTAINMENT, AND PROFESSIONAL DEVELOPMENT TO BETTER SERVE THE STATE AND ITS CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $624,771 Revenue: $659,308

THE FOLLOWING ARE SERVICES PROVIDED FOR ASSOCIATION MEMBERS: PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR CAMPUS OFFICIALS; COLLECTION AND PREPARATION OF RESEARCH DATA FOR THE COMMON CAUSE; PUBLICATION OF INFORMATIONAL MATERIALS, I.E., CASE STATEMENTS AND POLICY PAPERS; AND COLLABORATIVE PURCHASING PROGRAMS.

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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 $1,281,104

Program Service Revenue $659,308

Investment Income $105,053

Other Revenue $104,026

TOTAL REVENUE $2,149,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $834,894

Fundraising Expenses $11,230

Program Expenses $624,771

Other Expenses $974,156

TOTAL EXPENSES $1,809,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,149,491	$1,519,471	+0.4%
Expenses	$1,809,050	$1,672,459	+0.1%
Net Income	$340,441	$-152,988	-3.2%

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

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

$403,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HULIN	CHAIR	0.25	Officer Director	$0	$0	$0
ERIC ROBERTSON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
ERIC DEATON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
LOGAN HAMPTON	TREASURER	0.25	Officer Director	$0	$0	$0
WILLIAM GREER	PAST CHAIR	0.25	Officer Director	$0	$0	$0
ALFRED DEGRAFINREID II	DIRECTOR	0.25	Director	$0	$0	$0
NANCY DISHNER	DIRECTOR	0.25	Director	$0	$0	$0
NATHAN GREEN	DIRECTOR	0.25	Director	$0	$0	$0
BETH HARWELL	DIRECTOR	0.25	Director	$0	$0	$0
TARI HUGHES	DIRECTOR	0.25	Director	$0	$0	$0
BRADLEY JACKSON	DIRECTOR	0.25	Director	$0	$0	$0
DOUGLAS MANN	DIRECTOR	0.25	Director	$0	$0	$0
CANDICE MCQUEEN	DIRECTOR	0.25	Director	$0	$0	$0
SAMUEL OLIVER	DIRECTOR	0.25	Director	$0	$0	$0
DAVID PURKEY	DIRECTOR	0.25	Director	$0	$0	$0
MIKE RAGSDALE	DIRECTOR	0.25	Director	$0	$0	$0
LEWIS REICH	DIRECTOR	0.25	Director	$0	$0	$0
DAVID SHANNON	DIRECTOR	0.25	Director	$0	$0	$0
TOMMY SMITH	DIRECTOR	0.25	Director	$0	$0	$0
PAUL STUMB	DIRECTOR	0.25	Director	$0	$0	$0
CLAUDE PRESSNELL	PRESIDENT/SECRETARY	37.50	Officer	$341,563	$62,221	$403,784
FLYNNE DOWDY	EX OFFICIO	0.25	Officer	$0	$0	$0
LAURA CORNICK	VICE PRESIDENT	37.50	Highest	$102,882	$14,234	$117,116

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	No data	No data	No data	No data
2023	$2,149,491	$1,809,050	$4,011,347	$340,441
2022	$1,519,471	$1,672,459	$3,379,193	$-152,988
2021	$1,720,548	$1,420,862	$3,991,312	$299,686
2020	$1,206,790	$1,386,603	$3,460,499	$-179,813
2019	$2,688,851	$1,361,109	$3,424,438	$1,327,742
2018	$1,588,551	$1,438,107	$1,941,493	$150,444

TN INDEPENDENT COLLEGES & UNIVERSITIES