COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE (EIN 621652594) - 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

1995

Legal Domicile

Principal Officer

LAWRENCE YOUNG

Phone

8654829890

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $669K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $908K exceeded revenue, resulting in a 36% operating deficit.

Mission

REINDUSTRIALIZATION OF GOVERNMENT FACILITY

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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 $997,000

Program Service Revenue $228,047

Investment Income $-622,105

Other Revenue $65,881

TOTAL REVENUE $668,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $294,778

Fundraising Expenses $0

Program Expenses $591,480

Other Expenses $613,374

TOTAL EXPENSES $908,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$668,823	$519,165	+0.3%
Expenses	$908,152	$610,702	+0.5%
Net Income	$-239,329	$-91,537	+1.6%

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

$170,980

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE YOUNG	PRESIDENT/CE	40.00	Officer	$166,000	$4,980	$170,980
DAVID BRADSHAW	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ROBERT BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLEY CUSICK	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE MERRIFIELD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRAD PARISH	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE WALLACE	BOARD MEMBER	1.00	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	$668,823	$908,152	$7,698,987	$-239,329
2023	$519,165	$610,702	$7,910,282	$-91,537
2022	$33,876	$482,684	$8,036,799	$-448,808
2021	$1,181,781	$574,740	$8,429,485	$607,041
2020	$283,683	$461,477	$7,024,539	$-177,794
2019	$448,204	$493,882	$7,298,307	$-45,678
2018	$353,724	$653,838	$7,463,521	$-300,114

COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE