LIFE SCIENCE TENNESSEE INC

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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

2001

Legal Domicile

Principal Officer

ABBY TROTTER

Phone

6152428856

Tax Period

2024-01-01 to 2024-12-31

LIFE SCIENCE TENNESSEE INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $258K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $318K exceeded revenue, resulting in a 23% operating deficit.

Mission

LIFE SCIENCE TENNESSEE IS A STATEWIDE, NON-PROFIT, MEMBER ORGANIZATION WHOSE MISSION IS TO ADVANCE AND GROW THE LIFE SCIENCE INDUSTRY IN TENNESSEE THROUGH ADVOCACY, PARTNERSHIPS AND ALIGNMENT WITH ECONOMIC AND WORKFORCE DEVELOPMENT.

Program Service Accomplishments

Program 1

REPRESENTATIVES ATTEND LOCAL, REGIONAL, NATIONAL, AND INTERNATIONAL CONFERENCES, SEMINARS AND MEETINGS TO DISCUSS POLICY ISSUES AND OPPORTUNITIES COMMON TO THE BIOTECHNOLOGY AND MEDTECH INDUSTRY.

Program 2

THE ORGANIZATION SPONSORS TWO OR MORE MEMBERSHIP MEETINGS ANNUALLY AT WHICH MEMBERS DISCUSS ISSUES AND OPPORTUNITIES COMMON TO THE BIOTECHNOLOGY AND MEDTECH INDUSTRY.

Program 3

THE ORGANIZATION PROVIDES MEMBERS WITH INFORMATION RELEVANT TO THE INDUSTRY THROUGH NEWSLETTERS, ETC. APPROXIMATELY 50 NEWSLETTERS ARE PUBLISHED ANNUALLY. IN ADDITION, LIFE SCIENCE TENNESSEE, INC...

THE ORGANIZATION PROVIDES MEMBERS WITH INFORMATION RELEVANT TO THE INDUSTRY THROUGH NEWSLETTERS, ETC. APPROXIMATELY 50 NEWSLETTERS ARE PUBLISHED ANNUALLY. IN ADDITION, LIFE SCIENCE TENNESSEE, INC. OPERATES A MENTOR NETWORK PROGRAM AND LOCAL AND REGIONAL ACADEMIC ALLIANCE EVENTS.

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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 $107,586

Program Service Revenue $118,872

Investment Income $0

Other Revenue $31,820

TOTAL REVENUE $258,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $318,034

TOTAL EXPENSES $318,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,278	$189,426	+0.4%
Expenses	$318,034	$136,282	+1.3%
Net Income	$-59,756	$53,144	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN PERDUE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JENN ADAMS	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
KAYLA GRAFF	SECRETARY	5.00	Officer Director	$0	$0	$0
HUNTER ROST	TREASURER	5.00	Officer Director	$0	$0	$0
TOM BALLARD	ECONOMIC DEVELOPMENT CHAIR	1.00	Director	$0	$0	$0
KELLY MULLINS	ADVOCACY CHAIRMAN	1.00	Director	$0	$0	$0
BRIAN LADEN	DIRECTOR	1.00	Director	$0	$0	$0
DR LARRY MARNETT	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FOX	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MAYER	DIRECTOR	1.00	Director	$0	$0	$0
EVA QUINLEY	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA TAVEAU	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH ECKELBERRY	DIRECTOR	1.00	Director	$0	$0	$0
JUDY JENKINS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LAMPLEY	DIRECTOR	1.00	Director	$0	$0	$0
KYLE KAMRATH	DIRECTOR	1.00	Director	$0	$0	$0
MAHA KRISHNAMURTHY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WERNER	DIRECTOR	1.00	Director	$0	$0	$0
PETE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ROB READNOUR	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN GLINTER	DIRECTOR	1.00	Director	$0	$0	$0
ABBY TROTTER	EXECUTIVE DIRECTOR	10.00	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
2024	$258,278	$318,034	$105,609	$-59,756
2023	$189,426	$136,282	$165,365	$53,144
2022	$222,888	$220,239	$112,221	$2,649
2021	$287,328	$206,757	$109,572	$80,571
2020	$211,842	$246,217	$29,001	$-34,375
2019	$280,044	$319,767	$63,107	$-39,723
2018	$328,966	$295,091	$102,830	$33,875