SEQUOYAH COMMUNITY SPIRIT FUND

EIN: 621803937 501(c)(3) Human Services

CHATTANOOGA, TN

Total Revenue
$33,097
Total Expenses
$35,819
Total Assets
$106,815
Net Assets
$106,815
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TN
Principal Officer
GAY HENSON
Phone
4238436585
Tax Period
2024-01-01 to 2024-12-31

SEQUOYAH COMMUNITY SPIRIT FUND, founded in 1999, is a micro nonprofit in the Human Services sector that reported $33K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $107K represent 39 months of operating reserves.

Mission

ENGAGE IN COMMUNITY OUTREACH - HELPING NEEDY FAMILIES WITH NECESSITIES, SUCH AS FOOD, CLOTHING, HOUSING AND UTILITIES (HEAT, GAS, ELECTRIC, WATER)

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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 $31,159
Program Service Revenue $0
Investment Income $22
Other Revenue $1,916
TOTAL REVENUE $33,097

Expense Breakdown

Grants Paid $26,973
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $35,819
Other Expenses $8,846
TOTAL EXPENSES $35,819

Year-over-Year Comparison

2024 2023 Change
Revenue $33,097 $47,847 -0.3%
Expenses $35,819 $62,670 -0.4%
Net Income $-2,722 $-14,823 -0.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
67

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAY HENSON CHAIRMAN 2.00
Officer Director
$0 $0 $0
VICKY GOLDSMITH SECRETARY/TRUSTEE 2.00
Officer Director
$0 $0 $0
MAURICE LAYNE CO-CHAIR 2.00
Director
$0 $0 $0
KEN PARKER TREASURER 2.00
Officer 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
2024 $33,097 $35,819 $106,815 $-2,722
2023 $47,847 $62,670 $109,537 $-14,823
2022 $95,940 $69,259 $124,360 $26,681
2021 $37,338 $83,428 $97,679 $-46,090
2020 $157,548 $119,479 $143,770 $38,069
2019 $57,648 $86,834 $105,707 $-29,186
2018 $94,193 $85,065 $134,404 $9,128
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