THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE INC (EIN 621471789) - 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

1991

Legal Domicile

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

TO BE A LEADER, CATALYST, AND RESOURCE FOR PHILANTHROPY FOR THE MIDDLE TENNESSEE COMMUNITY.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$512,149

Total Directors

$276,322

Key Employees

Highest Compensated

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

THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE INC