TENNESSEE BOLL WEEVIL ERADICATION … - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

JOHN LINDAMOOD

Phone

3342834106

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE BOLL WEEVIL ERADICATION FOUNDATION INC, founded in 1993, is a small nonprofit that reported $499K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $167K, a strong 33% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

THE 8 STATE FOUNDATIONS THAT COMPRISE THE SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION, INC. RECEIVE ASSESSMENTS COLLECTED FROM COTTON GROWERS WITHIN THEIR STATE BY THE RESPECTIVE STATE DEPARTMENT OF AGRICULTURE. THE STATE FOUNDATIONS REMIT THESE COLLECTIONS TO THE SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION INC. FOR PAYMENT OF THE ACTUAL PROGRAM EXPENSES INCURRED TO ERADICATE THE BOLL WEEVIL FROM COTTON FIELDS IN EACH STATE. APPROXIMATELY 248,535 ACRES OF COTTON IN TENNESSEE WERE MONITORED BY THE SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION INC. IN 2024.

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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 $0

Program Service Revenue $310,525

Investment Income $188,451

Other Revenue $0

TOTAL REVENUE $498,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $332,250

TOTAL EXPENSES $332,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,976	$457,154	+0.1%
Expenses	$332,250	$199,159	+0.7%
Net Income	$166,726	$257,995	-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

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
JOHN LINDAMOOD	CHAIRMAN	0.00	Officer Director	$0	$0	$0
WILLIE GERMAN JR	VICE-CHAIRMAN	0.00	Officer Director	$0	$0	$0
BOYD BARKER	SECRETARY/TREASURER	40.00	Officer Director	$0	$0	$0
LINK CARLTON	DIRECTOR	0.00	Director	$0	$0	$0
JEFF WHITE	DIRECTOR	0.00	Director	$0	$0	$0
JOSH OGLE	DIRECTOR	0.00	Director	$0	$0	$0
SHELTON WILDER	DIRECTOR	0.00	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	$498,976	$332,250	$5,041,004	$166,726
2023	$457,154	$199,159	$4,874,278	$257,995
2022	$429,647	$550,726	$4,616,283	$-121,079
2021	$415,689	$494,637	$4,737,362	$-78,948
2020	$539,444	$546,320	$4,816,310	$-6,876

TENNESSEE BOLL WEEVIL ERADICATION FOUNDATION INC