TENNESSEE ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS

EIN: 621250922 501(c)(3)

OLD HICKORY, TN

Total Revenue
$50,586
Total Expenses
$47,484
Total Assets
$512,220
Net Assets
$512,220
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
TN
Principal Officer
DANETTE SEALE
Phone
6159666205
Tax Period
2019-07-01 to 2020-06-30

TENNESSEE ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS, founded in 1987, is a micro nonprofit that reported $51K in total revenue in fiscal year 2019. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $47K left a modest 6% surplus.

Mission

THE MISSION OF THE TENNESSEE ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS (TASFAA) IS TO DEVELOP AND MAINTAIN AN ORGANIZATIONAL STRUCTURE THAT PROMOTES PROFESSIONAL PREPARATION AND GROWTH, COLLABORATION, EFFECTIVENESS, AND MUTUAL SUPPORT OF ITS DIVERSE BODY OF MEMBERS AS THEY STRIVE TO SERVE THE NEEDS OF STUDENTS, FAMILIES, INSTITUTIONS, AND OTHER CONSTITUENCIES IN PROVIDING FINANCIAL ASSISTANCE TO HELP MEET POST- SECONDARY EDUCATIONAL EXPENSES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,373
Program Service Revenue $46,770
Investment Income $2,443
Other Revenue $0
TOTAL REVENUE $50,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $33,604
Other Expenses $47,484
TOTAL EXPENSES $47,484

Year-over-Year Comparison

2019 2018 Change
Revenue $50,586 $141,084 -0.6%
Expenses $47,484 $115,412 -0.6%
Net Income $3,102 $25,672 -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

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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
11
Independent Members
11
Employees
N/A
Volunteers
40

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
11
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANETTE SEALE PRESIDENT 7.00
Officer Director
$0 $0 $0
JEFF NORROD PRESIDENT EL 3.00
Officer Director
$0 $0 $0
JOE MYERS PAST PRESIDE 7.00
Officer Director
$0 $0 $0
TINA RICH SECRETARY 3.00
Officer Director
$0 $0 $0
ASHLEY EDENS TREASURER 0.50
Officer Director
$0 $0 $0
JONATHAN LOONEY MEMBER-AT-LA 0.50
Officer Director
$0 $0 $0
CHANELL THOMAS PRIVATE 4 YE 0.50
Officer Director
$0 $0 $0
RANDY COTTERELL PROPRIETARY 0.50
Officer Director
$0 $0 $0
JENNIFER BYRD PUBLIC 2 YEA 0.50
Officer Director
$0 $0 $0
APRIL WOLFORD PUBLIC 4 YEA 0.50
Officer Director
$0 $0 $0
CINDY PALMER TCAT SECTOR 0.50
Officer Director
$0 $0 $0
JEFF GERKIN ASSOC GOVERN 0.50
Director
$0 $0 $0
BILL MCCORD AWARDS 0.50
Director
$0 $0 $0
MELISSA SMITH BUDGET & FIN 0.50
Director
$0 $0 $0
JO WALLACE CONFERENCE 3.00
Director
$0 $0 $0
ERIC FARMER DIVERSITY 0.50
Director
$0 $0 $0
LAURA HARKLEROAD ELECTRONIC S 0.50
Director
$0 $0 $0
RON GAMBILL GOVERNMENTAL 0.50
Director
$0 $0 $0
KACEE HARDY HISTORICAL 0.50
Director
$0 $0 $0
CHARLES HARPER MEMBERSHIP 0.50
Director
$0 $0 $0
HALEY GREENWAY PUBLIC RELAT 0.50
Director
$0 $0 $0
LEAH LOUALLEN SITE SELECTI 0.50
Director
$0 $0 $0
KARYN ALLEN SPONSORSHIP 0.50
Director
$0 $0 $0
DAROLYN PORTER STATE PROGRA 0.50
Director
$0 $0 $0
SAMANTHA SULLIVAN TRAINING 0.50
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
2020 $50,586 $47,484 $512,220 $3,102
2019 $141,084 $115,412 $509,066 $25,672
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