TENNESSEE ECONOMIC PARTNERSHIP INC

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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

1990

Legal Domicile

Principal Officer

CHARLES WOOD

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE ECONOMIC PARTNERSHIP INC, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $282K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 18% operating margin.

Mission

THROUGH STRATEGICALLY PLANNED NETWORKING EVENTS, THE TENNESSEE ECONOMIC PARTNERSHIP GENERATES LEADS AND BUILDS RELATIONSHIPS WITH KEY PROSPECTS AND CONSULTANTS. TEP WORKS TO INCREASE PRIVATE CAPITAL INVESTMENT AND CREATE HIGHER PERSONAL AND FAMILY INCOMES FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $187,822

THE TENNESSEE ECONOMIC PARTNERSHIP LEVERAGES ITS STRENGTH AS A PUBLIC-PRIVATE PARTNERSHIP TO HELP BRING NEW BUSINESS AND INDUSTRY TO THE VOLUNTEER STATE. THE ORGANIZATION TRAVELS TO MORE THAN 6...

THE TENNESSEE ECONOMIC PARTNERSHIP LEVERAGES ITS STRENGTH AS A PUBLIC-PRIVATE PARTNERSHIP TO HELP BRING NEW BUSINESS AND INDUSTRY TO THE VOLUNTEER STATE. THE ORGANIZATION TRAVELS TO MORE THAN 6 CITIES PER YEAR, ESTABLISHING DIRECT MEETINGS AS WELL AS PARTICIPATING IN MORE THAN 5 INDUSTRY CONFERENCES IN AN EFFORT TO MARKET TO SITE LOCATION EXECUTIVES IN A VARIETY OF INDUSTRIES AS TO WHY TENNESSEE IS THE RIGHT PLACE FOR THIER DISTRIBUTION CENTERS, HEADQUARTERS AND OTHER BUSINESSES. IN OUR EFFORTS, WE MEET AND MARKET TO MORE THAN 200 SITE LOCATION CONSULTANTS AND INDUSTRY EXECUTIVES PER YEAR, MARKETING TENNESSEE AS A GREAT PLACE TO DO BUSINESS.

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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 $281,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $281,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $9,000

Program Expenses $187,822

Other Expenses $230,894

TOTAL EXPENSES $230,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,500	$228,000	+0.2%
Expenses	$230,894	$208,515	+0.1%
Net Income	$50,606	$19,485	+1.6%

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

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 HERBISON	DIRECTOR	1.00	Director	$0	$0	$0
DOUG LAWYER	DIRECTOR	1.00	Director	$0	$0	$0
KENDRICK CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN CRICE	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN EMERT	DIRECTOR	1.00	Director	$0	$0	$0
STUART MCWHORTER	DIRECTOR	1.00	Director	$0	$0	$0
CLAY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT COOPER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLY LYONS	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN BORDEN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE SPURGEON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN CROOK	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN ZIPPER	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY FRILLING	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN MAYNOR	PAST CHAIR	2.00	Officer Director	$0	$0	$0
JOHN BRADLEY	SR VICE PRESIDENT ECON DEV	2.00	Officer Director	$0	$0	$0
SLATER BARR	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARLES WOOD	CHAIR	2.00	Officer Director	$0	$0	$0
PATRICK CAMMACK	IRFINANCE COMM CHAIR	2.00	Officer Director	$0	$0	$0
BRAD MAUL	MARKETING CHAIR	2.00	Officer Director	$0	$0	$0
JAMES FENTON	CHAIR ELECT TREASURER	2.00	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	No data	No data	No data	No data
2023	$281,500	$230,894	$1,515,352	$50,606
2022	$228,000	$208,515	$1,361,343	$19,485
2021	$333,181	$167,494	$1,535,782	$165,687
2020	$258,042	$129,439	$1,327,252	$128,603
2019	$243,798	$197,582	$1,135,543	$46,216
2018	$278,074	$244,978	$983,019	$33,096