TENNALSPE INC (EIN 621367966) - 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

1988

Legal Domicile

Principal Officer

ROBERT BILLINGS

Phone

4042742983

Tax Period

2023-07-01 to 2024-06-30

TENNALSPE INC, founded in 1988, is a micro nonprofit in the Education sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $9K, a strong 19% operating margin.

Mission

TO FUND SCHOLARSHIPS TO STUDENTS OF THE UNIVERSITY OF TENNESSEE THROUGH DIFFERENT PROGRAMS RELATED TO THE SIGMA PHI EPSILON FRATERNITY.

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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 $7,080

Program Service Revenue $0

Investment Income $38,091

Other Revenue $500

TOTAL REVENUE $45,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $15,961

Other Expenses $37,097

TOTAL EXPENSES $37,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,671	$60,766	-0.2%
Expenses	$37,097	$47,828	-0.2%
Net Income	$8,574	$12,938	-0.3%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SPARKMAN	EX-OFFICIO	1.00	Director	$0	$0	$0
BRYCE GIESLER	EX-OFFICIO	1.00	Director	$0	$0	$0
MIKE HICKEY	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
RAY GREER	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
BOB BOATRIGHT	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
MATT VANCLEVE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHANE HITE	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
JIM CLAYTON	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
JEARL RAINWATER	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
DON TATE	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
MARTY YARBOUGH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KELLY WILLIAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM HODGES	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
BOB LEONARD	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
TOM CARPENTER	BOARD OF TRUSTEE MEMBER	1.00	Director	$0	$0	$0
ROBBY BILLINGS	TREASURER	1.00	Officer 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	$45,671	$37,097	$1,903,619	$8,574
2023	$60,766	$47,828	$1,654,220	$12,938
2022	$77,624	$81,045	$1,472,540	$-3,421
2021	$88,857	$37,011	$1,783,796	$51,846
2020	$52,970	$41,522	$1,329,470	$11,448
2019	$96,334	$147,817	$1,299,438	$-51,483

TENNALSPE INC