MIDDLE TENNESSEE RESEARCH INSTITUTE (EIN 621387860) - 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

CAROL CALLAWAY-LANE DNP

Phone

6158737399

Tax Period

2024-10-01 to 2025-09-30

MIDDLE TENNESSEE RESEARCH INSTITUTE, founded in 1989, is a community nonprofit in the Medical Research sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE MIDDLE TENNESSEE RESEARCH INSTITUTE IS TO FACILITATE INNOVATIVE RESEARCH AND EDUCATION, IMPROVE HEALTHCARE PROGRAMS THAT BENEFIT OUR NATION'S VETERANS, AND PROVIDE OUTSTANDING SUPPORT AND ADVOCACY TO THE RESEARCH, EDUCATION, AND TRAINING ENDEAVORS OF THE TENNESSEE VALLEY HEALTHCARE 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 $0

Program Service Revenue $951,889

Investment Income $29,103

Other Revenue $39,592

TOTAL REVENUE $1,020,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $510,414

Fundraising Expenses $0

Program Expenses $690,623

Other Expenses $484,880

TOTAL EXPENSES $995,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,020,584	$527,680	+0.9%
Expenses	$995,294	$834,736	+0.2%
Net Income	$25,290	$-307,056	-1.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$355,226

Total Directors

$2,431,765

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN H NADEAU MD	BOARD MEMBER	0.50	Director	$0	$119,390	$517,357
SALLY YORK MD	BOARD MEMBER	0.50	Director	$0	$95,762	$414,969
R STOKES PEEBLES MD	BOARD MEMBER	2.00	Director	$0	$95,227	$412,651
SAMUEL R SELLS III MD	BOARD MEMBER	0.50	Director	$0	$87,948	$381,107
DANIEL L DCKER MSS M ED	BOARD MEMBER	1.00	Director	$0	$62,228	$269,653
CAROL CALLAWAY-LANE DNP	BOARD CHAIR	3.00	Officer Director	$0	$56,582	$245,189
JOHN KROPSKI MD	BOARD MEMBER	0.50	Director	$0	$44,040	$190,839
LORI GOULD	EXECUTIVE DI	40.00	Officer	$110,037	$0	$110,037
ROBERT WRIGHT CPA	TREASURER	1.50	Officer Director	$0	$0	$0
MICHAEL LEWIS JD	SECRETARY	0.50	Officer Director	$0	$0	$0
JIM JIRJIS MD	BOARD MEMBER	0.50	Director	$0	$0	$0
BEN PARK MD PHD	BOARD MEMBER	0.50	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	$1,020,584	$995,294	$899,007	$25,290
2024	$527,680	$834,736	$931,184	$-307,056
2023	$303,921	$613,281	$1,527,226	$-309,360
2022	$748,941	$363,296	$1,711,368	$385,645
2021	$987,183	$482,270	$1,260,258	$504,913
2020	$542,094	$793,226	$1,014,355	$-251,132
2019	$612,481	$722,154	$1,019,103	$-109,673
2019	$631,742	$736,151	$1,024,209	$-104,409
2018	$696,256	$777,184	$982,720	$-80,928

MIDDLE TENNESSEE RESEARCH INSTITUTE