TENNESSEE GROCERS EDUCATION FOUNDATION

EIN: 621254831 501(c)(3) Education

NASHVILLE, TN

Total Revenue
$359,812
Total Expenses
$317,374
Total Assets
$1,627,133
Net Assets
$1,094,049
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
TN
Principal Officer
ROB IKARD
Phone
6158890136
Tax Period
2023-06-01 to 2024-05-31

TENNESSEE GROCERS EDUCATION FOUNDATION, founded in 1985, is a small nonprofit in the Education sector that reported $360K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $317K left a modest 12% surplus.

Mission

THE FOUNDATION'S PURPOSE IS TO PROMOTE EDUCATION WITHIN THE FOOD INDUSTRY BY PROVIDING SCHOLARSHIPS, PROMOTING CONTINUING EDUCATION, AND SUPPORTING PROGRAMS AT EDUCATIONAL INSTITUTIONS.

Program Service Accomplishments

Program 1
Expenses: $253,899 Revenue: $0

THE FOUNDATION'S PURPOSE IS TO PROMOTE EDUCATION WITHIN THE FOOD INDUSTRY BY PROVIDING SCHOLARSHIPS, PROMOTING CONTINUING EDUCATION, AND SUPPORTING PROGRAMS AT EDUCATIONAL INSTITUTIONS.

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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 $123,060
Program Service Revenue $0
Investment Income $152,834
Other Revenue $83,918
TOTAL REVENUE $359,812

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $15,869
Program Expenses $253,899
Other Expenses $317,374
TOTAL EXPENSES $317,374

Year-over-Year Comparison

2023 2022 Change
Revenue $359,812 $223,799 +0.6%
Expenses $317,374 $364,238 -0.1%
Net Income $42,438 $-140,439 -1.3%
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
15
Independent Members
15
Employees
N/A
Volunteers
75

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
5
$135,680
Total Directors
15
$135,680
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROB IKARD PRESIDENT 20
Officer Director
$0 $0 $135,680
DANA NAIFEH CHAIRMAN 2
Officer Director
$0 $0 $0
MATT REESE CHAIRMAN-ELECT 2
Officer Director
$0 $0 $0
KELLY FIELDS TREASURER 2
Officer Director
$0 $0 $0
SHANE ALLISON PAST CHAIRMAN 2
Officer Director
$0 $0 $0
LAUREN BELL TRUSTEE 1
Director
$0 $0 $0
MICHAEL BRENNAN TRUSTEE 1
Director
$0 $0 $0
RODNEY DILLARD TRUSTEE 1
Director
$0 $0 $0
KIM EMERY TRUSTEE 1
Director
$0 $0 $0
BRENT HARRIS TRUSTEE 1
Director
$0 $0 $0
TERRY MATTHEWS TRUSTEE 1
Director
$0 $0 $0
JAKE NULL TRUSTEE 1
Director
$0 $0 $0
JASON SMITH TRUSTEE 1
Director
$0 $0 $0
LESLEY SPRAY TRUSTEE 1
Director
$0 $0 $0
BOYD WEST TRUSTEE 1
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
2025 No data No data No data No data
2024 $359,812 $317,374 $1,627,133 $42,438
2023 $223,799 $364,238 $1,619,217 $-140,439
2022 $200,449 $339,618 $1,790,841 $-139,169
2021 $96,981 $283,231 $1,895,887 $-186,250
2020 $188,982 $307,561 $1,695,857 $-118,579
2019 $72,856 $141,237 $1,900,611 $-68,381
2018 $196,890 $345,874 $1,887,720 $-148,984
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