TULLAHOMA EDUCATIONAL FOUNDATION FOR EXCELLENCE (EIN 621384315) - 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

1989

Legal Domicile

Principal Officer

JAMES S WOODARD

Phone

9314559301

Tax Period

2024-01-01 to 2024-12-31

TULLAHOMA EDUCATIONAL FOUNDATION FOR EXCELLENCE, founded in 1989, is a micro nonprofit that reported $84K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. Expenses of $78K left a modest 7% surplus.

Mission

SUPPORT OF TULLAHOMA CITY SCHOOLS EDUCATIONAL SYSTEM

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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 $11,200

Program Service Revenue $0

Investment Income $72,607

Other Revenue $0

TOTAL REVENUE $83,807

Expense Breakdown

Grants Paid $67,962

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,318

Other Expenses $10,356

TOTAL EXPENSES $78,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,807	$42,371	+1.0%
Expenses	$78,318	$8,781	+7.9%
Net Income	$5,489	$33,590	-0.8%

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
DR STEPHEN H BILLS	BOARD MEMBER	0.50	Director	$0	$0	$0
KATIE H DAVENPORT	BOARD MEMBER	0.50	Director	$0	$0	$0
JORDAN E ENNIS	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES H HENRY II	BOARD MEMBER	0.50	Director	$0	$0	$0
ELIZABETH JORDAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DEVRY R LAMB	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT LAYTON	TREASURER	0.50	Officer Director	$0	$0	$0
JOE L LESTER	BOARD MEMBER	0.50	Director	$0	$0	$0
FRAN F MARCUM	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES TRENT MCNABB	BOARD MEMBER	0.50	Director	$0	$0	$0
CATHERINE MURRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
GREGORY L MUSE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARLES L PARISH	BOARD MEMBER	0.50	Director	$0	$0	$0
JACQUELYN GIGI ROBINSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE G RUTHERFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
DR CATHERINE STEPHENS	BOARD MEMBER	0.50	Director	$0	$0	$0
BUSCH H THOMA	SECRETARY	0.50	Officer Director	$0	$0	$0
JACK THOMA	BOARD MEMBER	0.50	Director	$0	$0	$0
CLAYTON S USELTON	BOARD MEMBER	0.50	Director	$0	$0	$0
DARYL B WELCH	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH S WELSH	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
JAMES S WOODARD	PRESIDENT	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
2024	$83,807	$78,318	$807,615	$5,489
2023	$42,371	$8,781	$802,126	$33,590
2022	$43,874	$93,345	$768,536	$-49,471
2021	$79,542	$95,556	$818,007	$-16,014
2020	$48,634	$64,407	$834,021	$-15,773
2019	$49,073	$27,094	$849,794	$21,979
2018	$69,433	$66,970	$827,815	$2,463

TULLAHOMA EDUCATIONAL FOUNDATION FOR EXCELLENCE