COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE

EIN: 621652594 501(c)(3) Community Improvement

KNOXVILLE, TN

Total Revenue
$668,823
Total Expenses
$908,152
Total Assets
$7,698,987
Net Assets
$7,623,167
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
TN
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

THE COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE IS AN ECONOMIC DEVELOPMENT ORGANIZATION WHOSE PURPOSE IS TO ASSIST THE PRIVATE SECTOR IN CREATING QUALITY JOBS IN THE REGION BY USING THE UNDERUTILIZED LAND, FACILITIES, EQUIPMENT, PERSONNEL, AND TECHNOLOGY AVAILABLE AT THE DEPARTMENT OF ENERGY'S OAK RIDGE COMPLEX.

Program Service Accomplishments

Program 1
Expenses: $591,480 Revenue: $228,047

THE ORGANIZATION ACQUIRES PROPERTY FROM THE DEPARTMENT OF ENERGY. THE PROPERTY IS THEN USED, SOLD, OR RENTED OUT TO PRIVATE INDUSTRY FOR REUSE. THIS HELPS TO IMPROVE INFRASTRUCTURE AND ASSIST IN JOB...

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THE ORGANIZATION ACQUIRES PROPERTY FROM THE DEPARTMENT OF ENERGY. THE PROPERTY IS THEN USED, SOLD, OR RENTED OUT TO PRIVATE INDUSTRY FOR REUSE. THIS HELPS TO IMPROVE INFRASTRUCTURE AND ASSIST IN JOB DEVELOPMENT FOR WORKERS DISPLACED BY GOVERNMENT CUTBACKS IN THE OAK RIDGE, TN REGION.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
3
Volunteers
12

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
3
$170,980
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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