Holston Business Group (EIN 621845660) - 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

2001

Legal Domicile

Principal Officer

Liz Bennett

Phone

4235786235

Tax Period

2024-01-01 to 2024-12-31

Holston Business Group, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $167K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $466K represent 33 months of operating reserves.

Mission

The Holston Business Group, a public/private partnership, supports nurtures the entrepreneurial spirit to create diverse businesses jobs which benefit the citizens of the greater Kingsport/Hawkins County area.

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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 $10,000

Program Service Revenue $152,677

Investment Income $16

Other Revenue $4,464

TOTAL REVENUE $167,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,958

Other Expenses $182,958

TOTAL EXPENSES $182,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,157	$149,064	+0.1%
Expenses	$182,958	$176,880	+0.0%
Net Income	$-15,801	$-27,816	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dennis Phillips	President	002.00	Officer Director	$0	$0	$0
Larry Elkins	Secretary/Treasurer	002.00	Officer Director	$0	$0	$0
Nancy Barker	Vice President	000.50	Director	$0	$0	$0
Chip Zimmerman	Board Member	000.50	Director	$0	$0	$0
Pat Shull	Board Member	000.50	Director	$0	$0	$0
Chris McCartt	Board Member	000.50	Director	$0	$0	$0
Liz Bennett	Director	040.00	Director	$0	$0	$0
Mark DeWitte	Board Member	000.50	Director	$0	$0	$0
Paul Montgomery	Board Member	000.50	Director	$0	$0	$0
Scott Keheley	Board Member	000.50	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	$167,157	$182,958	$470,454	$-15,801
2023	$149,064	$176,880	$489,923	$-27,816
2022	$117,127	$167,881	$525,692	$-50,754
2021	$111,331	$176,586	$567,206	$-65,255
2020	$153,188	$178,584	$632,892	$-25,396
2019	$159,229	$176,944	$659,563	$-17,715
2018	$123,214	$175,510	$677,109	$-52,296

Holston Business Group