Southeast Industrial Development Association

EIN: 621410505 501(c)(3)

Chattanooga, TN

Total Revenue
$537,780
Total Expenses
$459,509
Total Assets
$1,689,085
Net Assets
$1,688,389
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TN
Phone
4234244204
Tax Period
2025-01-01 to 2025-12-31

Southeast Industrial Development Association, founded in 1989, is a small nonprofit that reported $538K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. Expenses of $460K left a modest 15% surplus.

Mission

CREATE JOBS THROUGH THE ATTRACTION OF NEW BUSINESS AND INDUSTRY AND THROUGH THE EXPANSION OF EXISTING INDUSTRY IN THE POWER-SERVED AREA OF THE TENNESSEE VALLEY AUTHORITY, ENCOMPASSING 22 COUNTIES OF THREE STATES IN THE CHATTENOOGA AREA OF GEORGIA, NORTH CAROLINA, AND TENNESSEE.

Program Service Accomplishments

Program 1
Expenses: $120,439 Revenue: $483,180

ALL PROGRAM EXPENSES ARE FOR INDUSTRIAL RECRUITING TO ATTRACT MORE JOBS TO THE CHATTANOOGA, TENNESSEE AREA.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $483,180
Investment Income $54,600
Other Revenue $0
TOTAL REVENUE $537,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,000
Fundraising Expenses $0
Program Expenses $120,439
Other Expenses $334,070
TOTAL EXPENSES $459,509

Year-over-Year Comparison

2025 2024 Change
Revenue $537,780 $588,490 -0.1%
Expenses $459,509 $459,588 0.0%
Net Income $78,271 $128,902 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
4
$5,000
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE PARTIN President/CEO, Board Chair 2.0
Officer Director
$0 $0 $0
STACY CHASTAIN VICE CHAIR 2.0
Officer Director
$0 $0 $0
TIM HENDERSON SECRETARY/TREASURER 2.0
Officer Director
$0 $0 $0
ALLAN GLIDEWELL DIRECTOR 2.0
Director
$0 $0 $0
DAVID WADE DIRECTOR 2.0
Director
$0 $0 $0
DION COOPER DIRECTOR 2.0
Director
$0 $0 $0
ERIC NEWBERRY DIRECTOR 2.0
Director
$0 $0 $0
HAROLD MASENGIL DIRECTOR 2.0
Director
$0 $0 $0
KATHRYN WEST DIRECTOR 2.0
Director
$0 $0 $0
LARRY KERNEA DIRECTOR 2.0
Director
$0 $0 $0
MICHAEL HANEY DIRECTOR 2.0
Director
$0 $0 $0
SCOTT COOPER DIRECTOR 2.0
Director
$0 $0 $0
STEVE CLIFT DIRECTOR 2.0
Director
$0 $0 $0
CHUCK HAMMONDS EXECUTIVE DIRECTOR 2.0
Officer
$5,000 $0 $5,000
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 $537,780 $459,509 $1,689,085 $78,271
2024 $588,490 $459,588 $1,610,679 $128,902
2023 $526,948 $385,766 $1,481,216 $141,182
2022 $484,969 $437,802 $1,340,034 $47,167
2021 $458,435 $484,256 $1,292,925 $-25,821
2020 $482,193 $382,101 $1,318,688 $100,092
2019 $460,858 $557,652 $1,277,289 $-96,794
2018 $457,444 $587,747 $1,328,382 $-130,303
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