TENNESSEE QUALITY AWARD INC (EIN 621502414) - 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

1992

Legal Domicile

Principal Officer

HEATHER SCHOCH

Phone

6158898323

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE QUALITY AWARD INC, founded in 1992, is a small nonprofit that reported $420K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF TENNESSEE QUALITY AWARD, INC. D/B/A TENNESSEE CENTER FOR PERFORMANCE EXCELLENCE (TNCPE) IS TO DRIVE ORGANIZATIONAL EXCELLENCE IN 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $137,500

Program Service Revenue $280,408

Investment Income $1,850

Other Revenue $0

TOTAL REVENUE $419,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,517

Fundraising Expenses $21,957

Program Expenses $373,662

Other Expenses $149,027

TOTAL EXPENSES $439,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,758	$376,027	+0.1%
Expenses	$439,544	$395,424	+0.1%
Net Income	$-19,786	$-19,397	+0.0%

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

$150,938

Total Directors

$150,938

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER SCHOCH	PRESIDENT AND CEO	40.00	Officer Director	$150,938	$0	$150,938
LACEY HAYES	DIRECTOR	1.00	Director	$0	$0	$0
STACEY MAX	DIRECTOR	1.00	Director	$0	$0	$0
HERB BYRD III	DIRECTOR	1.00	Director	$0	$0	$0
JIM HARLAN	DIRECTOR	1.00	Director	$0	$0	$0
KIM MASON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GRAYSON	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MARTY	DIRECTOR	1.00	Director	$0	$0	$0
SHARON NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
CLIFTON PEAY	DIRECTOR	1.00	Director	$0	$0	$0
STAFFORD OCPIVIA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HART	TREASURER	2.00	Officer Director	$0	$0	$0
DANETTE SCUDDER	SECRETARY	2.00	Officer Director	$0	$0	$0
REYNOLD DOUGLAS	AUDIT CHAIR	2.00	Officer Director	$0	$0	$0
JUAN WILLIAMS	CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS GRAY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAN PRATT	OUTREACH CHAIR	2.00	Officer Director	$0	$0	$0
MELISSA LAMB	LRP CHAIR	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	$419,758	$439,544	$190,951	$-19,786
2023	$376,027	$395,424	$222,009	$-19,397
2022	$509,513	$407,749	$167,706	$101,764
2021	$440,993	$407,804	$86,261	$33,189
2020	$378,685	$541,532	$96,961	$-162,847
2019	$429,534	$647,474	$201,029	$-217,940
2018	$587,285	$686,888	$451,539	$-99,603

TENNESSEE QUALITY AWARD INC