MIDDLE TENNESSEE HOME EDUCATION ASSOCIATION (EIN 621724322) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

Diane Coddington

Phone

9314864623

Tax Period

2023-07-01 to 2024-06-30

MIDDLE TENNESSEE HOME EDUCATION ASSOCIATION, founded in 1984, is a small nonprofit in the Education sector that reported $571K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $527K left a modest 8% surplus.

Mission

MTHEA is a ministry dedicated to serving home educators in the Middle TN area by providing a network of support. Our goal is to nurture, educate and motivate families that homeschool.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $65,738

Program Service Revenue $502,522

Investment Income $1,995

Other Revenue $405

TOTAL REVENUE $570,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,628

Fundraising Expenses $0

Program Expenses $423,520

Other Expenses $305,350

TOTAL EXPENSES $526,978

Year-over-Year Comparison

	2023	2022	Change
Revenue	$570,660	$471,715	+0.2%
Expenses	$526,978	$155,347	+2.4%
Net Income	$43,682	$316,368	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Bullington	President	3	Officer	$3,600	$0	$3,600
Meagan Bullington	Vice President	1	Officer	$0	$0	$0
Travis Todd	Director	1	Officer	$0	$0	$0
Bethany Todd	Director	1	Officer	$0	$0	$0
Ben McIntyre	Director	1	Officer	$0	$0	$0
Kathleen McIntyre	Treasurer	1	Officer	$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	No data	No data	No data	No data
2024	$570,660	$526,978	$476,218	$43,682
2023	$471,715	$420,931	$432,536	$50,784
2022	$396,420	$342,535	$381,752	$53,885
2021	$450,813	$374,374	$311,397	$76,439
2020	$244,863	$245,958	$214,782	$-1,095
2019	$279,039	$277,225	$219,908	$1,814

MIDDLE TENNESSEE HOME EDUCATION ASSOCIATION