THE FOUNDATION FOR THE COLLEGE SYSTEM OF TENNESSEE (EIN 621865935) - 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

Keith Cristopher Perkins

Phone

6153664419

Tax Period

2023-07-01 to 2024-06-30

THE FOUNDATION FOR THE COLLEGE SYSTEM OF TENNESSEE, founded in 2001, is a small nonprofit in the Education sector that reported $855K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 42% operating deficit.

Mission

The mission of the Foundation is to encourage support and promote the advancement and awareness of the System and its member institutions as it serves as a vital workforce development resource.

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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 (2023)

Revenue Breakdown

Contributions & Grants $835,456

Program Service Revenue $0

Investment Income $19,216

Other Revenue $0

TOTAL REVENUE $854,672

Expense Breakdown

Grants Paid $726,246

Salaries & Benefits $0

Fundraising Expenses $4,879

Program Expenses $726,246

Other Expenses $490,492

TOTAL EXPENSES $1,216,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$854,672	$1,339,789	-0.4%
Expenses	$1,216,738	$800,201	+0.5%
Net Income	$-362,066	$539,588	-1.7%

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
Ryan Ball	Trustee	1.00	Director	$0	$0	$0
Sheila Boyington	Trustee Vice Chair	1.00	Officer Director	$0	$0	$0
Dan Caldwell	Trustee	1.00	Director	$0	$0	$0
Erik Clinite	Trustee Treasurer	1.00	Officer Director	$0	$0	$0
Ryan Lucas	Trustee Secretary	1.00	Officer Director	$0	$0	$0
Leo R Meany	Trustee	1.00	Director	$0	$0	$0
Stephen Milligan	Trustee	1.00	Director	$0	$0	$0
Wendell Moore	Trustee	1.00	Director	$0	$0	$0
Scott Ogden	Trustee	1.00	Director	$0	$0	$0
Susan Rhodes	Trustee President	1.00	Officer Director	$0	$0	$0
Wes Stowers	Trustee	1.00	Director	$0	$0	$0
Regent Danni B Varlan	Trustee	1.00	Director	$0	$0	$0
Greg A Vital	Trustee	1.00	Director	$0	$0	$0
Dr L Anthony Wise Jr	Trustee	1.00	Director	$0	$0	$0
Dr Flora W Tydings	Ex-Officio Member	0.00	Director	$0	$0	$0
Dr Kim McCormick	Ex-Officio Member	0.00	Director	$0	$0	$0
Cris Perkins	Executive Director	0.00	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
2025	No data	No data	No data	No data
2024	$854,672	$1,216,738	$2,484,489	$-362,066
2023	$1,339,789	$800,201	$2,846,555	$539,588
2022	$1,099,205	$507,121	$2,306,967	$592,084
2021	$507,961	$105,413	$1,714,883	$402,548
2020	$290,670	$152,636	$1,312,334	$138,034

THE FOUNDATION FOR THE COLLEGE SYSTEM OF TENNESSEE