TENNESSEE ARTS ACADEMY FOUNDATION

EIN: 621721187 501(c)(3) Education

Nashville, TN

Total Revenue
$845,568
Total Expenses
$674,472
Total Assets
$1,410,809
Net Assets
$1,410,809
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
TN
Principal Officer
WILLIAM H WATKINS Jr
Phone
6159886250
Tax Period
2024-07-01 to 2025-06-30

TENNESSEE ARTS ACADEMY FOUNDATION, founded in 1998, is a small nonprofit in the Education sector that reported $846K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $171K, a strong 20% operating margin.

Mission

TO PERPETUATE THE TENNESSEE ARTS ACADEMY

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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 (2024)

Revenue Breakdown

Contributions & Grants $714,721
Program Service Revenue $0
Investment Income $49,182
Other Revenue $81,665
TOTAL REVENUE $845,568

Expense Breakdown

Grants Paid $0
Salaries & Benefits $181,374
Fundraising Expenses $0
Program Expenses $545,422
Other Expenses $493,098
TOTAL EXPENSES $674,472

Year-over-Year Comparison

2024 2023 Change
Revenue $845,568 $745,853 +0.1%
Expenses $674,472 $581,880 +0.2%
Net Income $171,096 $163,973 +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

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Liquidity & Cash Position

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

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Governance

Voting Members
34
Independent Members
33
Employees
6
Volunteers
32

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
4
$0
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK BLUESTEIN EXECUTIVE DIRECTOR 0.00
Director
$0 $0 $0
STEPHEN COLEMAN DIRECTOR 0.38
Director
$0 $0 $0
WILLIAM H WATKINS Jr PRESIDENT 1.50
Officer Director
$0 $0 $0
FLOWERREE MCDONOUGH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JIM HOLCOMB SECRETARY 0.50
Officer Director
$0 $0 $0
BRANDON HERRENBRUCK TREASURER 1.00
Officer Director
$0 $0 $0
BUD AKERS DIRECTOR 0.25
Director
$0 $0 $0
JOEY BECKFORD DIRECTOR 0.25
Director
$0 $0 $0
CHUCK BLACKBURN DIRECTOR 0.25
Director
$0 $0 $0
MADELINE BRIDGES DIRECTOR 0.50
Director
$0 $0 $0
NICOLE BRIONES DIRECTOR 0.25
Director
$0 $0 $0
CAVIT CHESHIER DIRECTOR 0.38
Director
$0 $0 $0
RENA ELLZY DIRECTOR 0.25
Director
$0 $0 $0
SOLIE FOTT DIRECTOR 0.25
Director
$0 $0 $0
PATRICIA HUDSON DIRECTOR 0.38
Director
$0 $0 $0
BRAD HURLEY DIRECTOR 0.25
Director
$0 $0 $0
KAMI LUNSFORD DIRECTOR 0.50
Director
$0 $0 $0
LEAH LYONS DIRECTOR 0.38
Director
$0 $0 $0
MICHAEL MCBRIDE DIRECTOR 0.25
Director
$0 $0 $0
RON MEERS DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL MEISE DIRECTOR 0.38
Director
$0 $0 $0
JEFF MYRICK DIRECTOR 0.38
Director
$0 $0 $0
DIANA POE DIRECTOR 0.25
Director
$0 $0 $0
WAYNE QUALLS DIRECTOR 0.25
Director
$0 $0 $0
JIM RIENIETS DIRECTOR 0.38
Director
$0 $0 $0
PAT SMITH DIRECTOR 0.25
Director
$0 $0 $0
THANE SMITH DIRECTOR 0.38
Director
$0 $0 $0
TABOR STAMPER DIRECTOR 0.25
Director
$0 $0 $0
TODD TRESSLER DIRECTOR 0.25
Director
$0 $0 $0
MICHELLE TRIPP DIRECTOR 0.25
Director
$0 $0 $0
TALMAGE WATTS DIRECTOR 0.50
Director
$0 $0 $0
JOE WEST DIRECTOR 0.25
Director
$0 $0 $0
ANDRE YOVANOVITCH DIRECTOR 0.25
Director
$0 $0 $0
Bobby Frost Director 0.25
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
2025 $845,568 $674,472 $1,410,809 $171,096
2024 $745,853 $581,880 $1,239,713 $163,973
2023 $522,765 $389,281 $1,075,740 $133,484
2022 $432,075 $370,927 $942,256 $61,148
2021 $373,569 $155,738 $881,108 $217,831
2020 $394,566 $326,485 $663,277 $68,081
2019 $382,099 $280,691 $595,196 $101,408
2018 $352,050 $209,194 $493,788 $142,856
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