TENNESSEE BUSINESS DEVELOPMENT (EIN 621383053) - 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

JIM THIGPEN

Phone

7316442638

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE BUSINESS DEVELOPMENT, founded in 1988, is a small nonprofit that reported $176K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum.

Mission

FACILITATE SMALL BUSINESS FINANCING

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $175,975

Investment Income $0

Other Revenue $0

TOTAL REVENUE $175,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,211

Fundraising Expenses $0

Program Expenses $173,867

Other Expenses $17,656

TOTAL EXPENSES $173,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,975	$112,021	+0.6%
Expenses	$173,867	$177,150	0.0%
Net Income	$2,108	$-65,129	-1.0%

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

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
TIM BOYD	VICE PRESIDE	N/A	Director	$0	$0	$0
MIKE COLEY	DIRECTOR	N/A	Director	$0	$0	$0
BRENT GREER	CHAIRMAN	N/A	Director	$0	$0	$0
CHUCK SISSON	DIRECTOR	N/A	Director	$0	$0	$0
JIM THIGPEN	EX. DIRECTOR	N/A	Officer Director	$0	$0	$0
CARLA TODD	DIRECTOR	N/A	Director	$0	$0	$0
ALBERT WADE	SECRETARYT/T	N/A	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	$175,975	$173,867	$12,496	$2,108
2023	$112,021	$177,150	$10,388	$-65,129
2022	$97,456	$151,223	$75,517	$-53,767
2021	$138,105	$84,931	$132,032	$53,174
2021	$211,925	$158,751	$132,032	$53,174
2020	$304,411	$298,349	$81,110	$6,062
2019	$215,783	$205,156	$79,048	$10,627
2018	$152,905	$158,688	$59,421	$-5,783

TENNESSEE BUSINESS DEVELOPMENT