THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE INC

EIN: 621471789 501(c)(3) Philanthropy & Grantmaking

NASHVILLE, TN

Total Revenue
$169,682,165
Total Expenses
$87,243,890
Total Assets
$683,009,799
Net Assets
$659,320,596
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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
1991
Legal Domicile
TN
Principal Officer
HAL CATO
Phone
6153214939
Tax Period
2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE INC, founded in 1991, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $169.7M in total revenue in fiscal year 2023. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82.4M, a strong 49% operating margin.

Mission

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE, INC. (THE "FOUNDATION") IS A CHARITABLE ORGANIZATION WHOSE PURPOSE IS TO BE A LEADER, CATALYST, AND RESOURCE FOR PHILANTHROPY BY BUILDING AND HOLDING A PERMANENT AND GROWING ENDOWMENT FOR THE MIDDLE TENNESSEE COMMUNITY'S CHANGING NEEDS AND OPPORTUNITIES. THE FOUNDATION PROVIDES FLEXIBLE AND COST-EFFECTIVE WAYS FOR CIVIC-MINDED INDIVIDUALS, FAMILIES, AND COMPANIES TO CONTRIBUTE TO THEIR COMMUNITY. THE ASSETS OF THE FOUNDATION ARE DEVOTED TO CHARITABLE USES OF A PUBLIC NATURE PRIMARILY BENEFITING THE RESIDENTS OF MIDDLE TENNESSEE IN FIELDS SUCH AS SOCIAL SERVICES, EDUCATION, HEALTH, THE ENVIRONMENT, AND THE ARTS.

Program Service Accomplishments

Program 1
Expenses: $82,309,342

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE PROVIDES PHILANTHROPIC SERVICES FOCUSED ON COMBINING THE CHARITABLE GIFTS OF MANY TO PROVIDE LEADERSHIP AND FINANCIAL LEVERAGE IN ADDRESSING THE CURRENT...

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THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE PROVIDES PHILANTHROPIC SERVICES FOCUSED ON COMBINING THE CHARITABLE GIFTS OF MANY TO PROVIDE LEADERSHIP AND FINANCIAL LEVERAGE IN ADDRESSING THE CURRENT AND FUTURE NEEDS OF THE COMMUNITY THROUGH VARIOUS GRANT MAKING ACTIVITIES DESIGNED TO IMPROVE THE LIVES OF THE CITIZENS IN MIDDLE TENNESSEE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $149,239,318
Program Service Revenue $0
Investment Income $20,527,269
Other Revenue $-84,422
TOTAL REVENUE $169,682,165

Expense Breakdown

Grants Paid $77,784,266
Salaries & Benefits $4,528,654
Fundraising Expenses $2,788,291
Program Expenses $82,309,342
Other Expenses $4,930,970
TOTAL EXPENSES $87,243,890

Year-over-Year Comparison

2023 2022 Change
Revenue $169,682,165 $67,323,570 +1.5%
Expenses $87,243,890 $70,636,592 +0.2%
Net Income $82,438,275 $-3,313,022 -25.9%
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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Governance

Voting Members
62
Independent Members
61
Employees
56
Volunteers
150

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
7
$512,149
Total Directors
62
$276,322
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAL G CATO CHIEF EXECUTIVE OFFICER 50.00
Officer Director
$276,322 $0 $276,322
LYLE BEASLEY CHAIRMAN 1.30
Officer Director
$0 $0 $0
CHRISTINE KARBOWIAK VANEK VICE CHAIR 1.30
Officer Director
$0 $0 $0
SARA FINLEY SECRETARY 1.30
Officer Director
$0 $0 $0
ANDREW MAY TREASURER 1.30
Officer Director
$0 $0 $0
WILL ALEXANDER NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
HUGH ATKINSON NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
JAMIE CHEEK NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
WAVERLY D CRENSHAW JR NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
BETH DEBAUCHE NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
SHARI DENNIS NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
JULIE FRIST NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
HERB FRITCH NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
EDDIE GEORGE NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
JIM GINGRICH NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
MAX GOLDBERG NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
RAY GUZMAN NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
R MILTON JOHNSON NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
CARY MACK NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
WILL MORROW NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
TURNER NASHE JR NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
LARRY PAPEL NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
DEE PATEL NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
COURTNEY ROSS NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
WAYNE SMITH NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
PAUL STUMB NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
GAIL WILLIAMS NON-COMPENSATED DIRECTOR 1.30
Director
$0 $0 $0
JAY WILLIAMS NON-COMPENSATED DIRECTOR 2.30
Director
$0 $0 $0
ALAN YOUNG NON-COMPENSATED DIRECTOR 3.30
Director
$0 $0 $0
JACK O BOVENDER JR NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
CHARLES W COOK JR NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
RONALD L CORBIN NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
BOB CORKER NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
JANA DAVIS NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
MARK EMKES NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
RICHARD J ESKIND NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
FARZIN FERDOWSI NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
JOHN D FERGUSON NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
STEPHEN F FLATT NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
BEN G FREELAND NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
THOMAS F FRIST JR NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
ALBERTO R GONZALES NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
JOSE GONZALEZ NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
KERRY GRAHAM NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
CARL T HALEY NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
AUBREY B HARWELL JR NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
CAROL O HUDLER NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
CATHERINE JACKSON NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
DECOSTA JENKINS NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
WILLIAM C KOCH JR NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
KEVIN P LAVENDER NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
ELLEN E LEHMAN NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
ROBERT S LIPMAN NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
BERT MATHEWS NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
DONNA D NICELY NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
SUSAN SIMONS NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
DEBORAH TAYLOR TATE NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
CHARLES A TROST NON-COMPENSATED TRUSTEE 1.30
Director
$0 $0 $0
JACK TURNER NON-COMPENSATED TRUSTEE 2.30
Director
$0 $0 $0
STEVE UNDERWOOD NON-COMPENSATED TRUSTEE 3.30
Director
$0 $0 $0
BETSY WALKUP NON-COMPENSATED TRUSTEE 4.30
Director
$0 $0 $0
JERRY B WILLIAMS NON-COMPENSATED TRUSTEE 5.30
Director
$0 $0 $0
MELISA P CURREY END 1123 CHIEF FINANCIAL OFFICER 50.00
Officer
$185,261 $15,570 $200,831
JAMES MUNCH START 1123 CHIEF FINANCIAL OFFICER 50.00
Officer
$34,755 $241 $34,996
MRS AMY FAIR SR MGR PHILANTHROPIC RELATION. 50.00
Highest
$150,594 $13,638 $164,232
BELINDA DINWIDDIE HAVRON DIRECTOR, DONOR ENGAGEMENT 50.00
Highest
$140,981 $14,155 $155,136
BENJA P HUTCHENS VP OF HR AND ADMIN 50.00
Highest
$131,712 $13,876 $145,588
RONDAL K RICHARDSON SR. ENTERTAIN. & DON. REL. LIASON 50.00
Highest
$123,901 $13,641 $137,542
LAUNDREA LEWIS SENIOR GRANT MANAGER 50.00
Highest
$121,541 $13,548 $135,089
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 $169,682,165 $87,243,890 $683,009,799 $82,438,275
2022 $67,323,570 $70,636,592 $563,085,962 $-3,313,022
2021 $137,846,384 $77,840,837 $622,114,153 $60,005,547
2020 $154,729,330 $126,000,876 $564,381,158 $28,728,454
2019 $62,530,849 $66,875,018 $502,496,814 $-4,344,169
2018 $109,121,422 $65,163,843 $467,689,648 $43,957,579
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