Locate Arts TN (EIN 621783187) - 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

2000

Legal Domicile

Principal Officer

Brian Jobe

Phone

8656071505

Tax Period

2024-07-01 to 2025-06-30

Locate Arts TN, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $338K in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 17% operating margin.

Mission

Tri-Star Arts serves Tennessee by cultivating and spotlighting the contemporary visual art scenes in each region while fostering a unified state-wide art scene. Tri-Star Arts programs promote art dialogue between the different cities in the state and between the state and the nation.

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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 $244,906

Program Service Revenue $92,767

Investment Income $0

Other Revenue $0

TOTAL REVENUE $337,673

Expense Breakdown

Grants Paid $65,500

Salaries & Benefits $67,345

Fundraising Expenses $0

Program Expenses $158,192

Other Expenses $145,902

TOTAL EXPENSES $278,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$337,673	$164,533	+1.1%
Expenses	$278,747	$265,380	+0.1%
Net Income	$58,926	$-100,847	-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

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
Tracy Ayers	Board Member	1.00	Officer	$0	$0	$0
Jamaal Sheats	Board Member	1.00	Officer	$0	$0	$0
Laurence Eaton	Board Member	5.00	Officer	$0	$0	$0
James Patterson	Board Member	1.00	Officer	$0	$0	$0
Denny Renshaw	Board Member	1.00	Officer	$0	$0	$0
Sylvia Peters	Board Member	1.00	Officer	$0	$0	$0
Janet Decker Yanez	Board Member	1.00	Officer	$0	$0	$0
Brian Jobe	Director	30.00	Key Emp	$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	$337,673	$278,747	$100,047	$58,926
2024	$164,533	$265,380	$42,442	$-100,847
2024	$337,673	$278,747	$100,047	$58,926
2023	$439,294	$364,525	$117,631	$74,769
2022	$370,620	$320,015	$51,362	$50,605
2021	$260,661	$272,692	$27,006	$-12,031
2020	$170,559	$174,297	$9,178	$-3,738

Locate Arts TN