TENNESSEE TECHNOLOGY DEVELOPMENT CORP (EIN 621765738) - 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

1998

Legal Domicile

Principal Officer

LINDSEY COX

Phone

6159912809

Tax Period

2024-07-01 to 2025-06-30

TENNESSEE TECHNOLOGY DEVELOPMENT CORP, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $17.6M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $17.1M left a modest 3% surplus.

Mission

CREATION OF ECONOMIC ACTIVITY THROUGH DEVELOPMENT OF TECHNOLOGICAL RESEARCH AND DEVELOPMENT.

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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 $18,281,548

Program Service Revenue $0

Investment Income $77,253

Other Revenue $-710,279

TOTAL REVENUE $17,648,522

Expense Breakdown

Grants Paid $13,131,000

Salaries & Benefits $2,458,165

Fundraising Expenses $0

Program Expenses $15,902,810

Other Expenses $1,501,091

TOTAL EXPENSES $17,090,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,648,522	$13,023,314	+0.4%
Expenses	$17,090,256	$12,283,617	+0.4%
Net Income	$558,266	$739,697	-0.2%

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

N/A

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

$278,239

Total Directors

Key Employees

$459,310

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE CRAWFORD	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN ORGEL	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA HIRSCHBERG	DIRECTOR	2.00	Director	$0	$0	$0
DR SUSAN HUBBARD	DIRECTOR	2.00	Director	$0	$0	$0
RYAN EGLY	DIRECTOR	2.00	Director	$0	$0	$0
JULIA POLK	DIRECTOR	2.00	Director	$0	$0	$0
JASON SCHMITT	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN GLINTER	DIRECTOR	2.00	Director	$0	$0	$0
FRANK WILLIAMSON	DIRECTOR	2.00	Director	$0	$0	$0
DR HM HASH HASHEMIAN	DIRECTOR	2.00	Director	$0	$0	$0
DENNY WAYNE ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
CALVIN ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
SEN BO WATSON	DIRECTOR	2.00	Director	$0	$0	$0
ALAN BENTLEY	DIRECTOR	2.00	Director	$0	$0	$0
WINSTON JUSTICE	DIRECTOR	2.00	Director	$0	$0	$0
DR BRIAN NOLAND	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN INGRAM	DIRECTOR	2.00	Director	$0	$0	$0
AJ BAHOU	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
STUART MCWHORTER	CHAIR	2.00	Officer Director	$0	$0	$0
LINDSEY COX	PRESIDENT & CEO	37.50	Officer	$240,425	$37,814	$278,239
BRUCE DOEG	VICE CHAIR	2.00	Officer	$0	$0	$0
ELLER KELLIHER	CHIEF INVESTMENT OFFICER	37.50	Key Emp	$195,208	$25,813	$221,021
KATHERINE REALL	FINANCE & ADMINISTRATION DIRECTOR	37.50	Key Emp	$198,729	$39,560	$238,289
EMILY MASTERS	DEVELOPMENT DIRECTOR	37.50	Highest	$151,523	$18,952	$170,475
CHLOE MORRISON	COMMUNICATIONS DIRECTOR	37.50	Highest	$105,296	$15,217	$120,513

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	$17,648,522	$17,090,256	$37,823,501	$558,266
2024	$13,023,314	$12,283,617	$32,224,900	$739,697
2023	$13,419,783	$13,375,582	$26,945,258	$44,201
2022	$12,109,273	$12,192,016	$18,062,853	$-82,743
2021	$5,151,930	$4,656,869	$17,450,024	$495,061
2020	$8,326,183	$8,171,372	$16,120,330	$154,811
2019	$6,604,760	$6,219,382	$15,834,114	$385,378

TENNESSEE TECHNOLOGY DEVELOPMENT CORP