GROWTH ENTERPRISES NASHVILLE INC ASSOCIATION

EIN: 621274582 501(c)(3) Community Improvement

NASHVILLE, TN

Total Revenue
$1,474,786
Total Expenses
$935,319
Total Assets
$1,411,190
Net Assets
$1,339,405
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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
MATT PERKINS
Phone
6152371235
Tax Period
2023-10-01 to 2024-09-30

GROWTH ENTERPRISES NASHVILLE INC ASSOCIATION, founded in 1987, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $539K, a strong 37% operating margin.

Mission

AIDS IN THE GROWTH & DEVELOPMENT OF SMALL/MICROENTERPRISE BUSINESSES WITH TRAINING & OFFICE SPACE.

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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 $1,249,230
Program Service Revenue $217,000
Investment Income $0
Other Revenue $8,556
TOTAL REVENUE $1,474,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $561,736
Fundraising Expenses $33,505
Program Expenses $627,420
Other Expenses $373,583
TOTAL EXPENSES $935,319

Year-over-Year Comparison

2023 2022 Change
Revenue $1,474,786 $868,620 +0.7%
Expenses $935,319 $1,367,624 -0.3%
Net Income $539,467 $-499,004 -2.1%
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

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Governance

Voting Members
13
Independent Members
12
Employees
10
Volunteers
91

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
$271,750
Total Directors
13
$271,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT PERKINS CHAIRMAN 2.00
Officer Director
$0 $0 $0
CHARLOTTE PEACOCK TREASURER 2.00
Officer Director
$0 $0 $0
ANGELA CRANE JONES CEO/SECRETARY 60.00
Officer Director
$262,750 $9,000 $271,750
CHAD MARTIN DIRECTOR 2.00
Director
$0 $0 $0
PHILLIP MCMULLAN DIRECTOR 2.00
Director
$0 $0 $0
JJ ROSEN DIRECTOR 2.00
Director
$0 $0 $0
JARRETT STRICKLAND DIRECTOR 2.00
Director
$0 $0 $0
CHASITY FARVER DIRECTOR 4.00
Director
$0 $0 $0
BRENDA R SMITH DIRECTOR 2.00
Director
$0 $0 $0
CHERELLE CORTEZ DIRECTOR 4.00
Director
$0 $0 $0
ANGELA CONNER DIRECTOR 4.00
Director
$0 $0 $0
VERONICA M CLARK DIRECTOR 2.00
Director
$0 $0 $0
DAWN MASON DIRECTOR 4.00
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 $1,474,786 $935,319 $1,411,190 $539,467
2023 $868,620 $1,367,624 $911,012 $-499,004
2022 $1,670,908 $635,862 $1,802,518 $1,035,046
2021 $846,186 $953,323 $371,823 $-107,137
2020 $551,082 $438,119 $534,570 $112,963
2019 $304,913 $466,396 $204,602 $-161,483
2018 $296,838 $494,364 $417,624 $-197,526
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