TENNESSEE SCHOOL BOARDS ASSOCIATION (EIN 626009967) - 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

1939

Legal Domicile

Principal Officer

TAMMY GRISSOM

Phone

6158153900

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE SCHOOL BOARDS ASSOCIATION, founded in 1939, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $593K, a strong 19% operating margin.

Mission

THE MISSION OF THE TENNESSEE SCHOOL BOARDS ASSOCIATION IS TO ASSIST SCHOOL BOARDS IN EFFECTIVELY GOVERNING SCHOOL DISTRICTS

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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 $917,449

Program Service Revenue $1,628,930

Investment Income $141,594

Other Revenue $360,376

TOTAL REVENUE $3,048,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,358,370

Fundraising Expenses $0

Program Expenses $1,939,011

Other Expenses $1,096,655

TOTAL EXPENSES $2,455,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,048,349	$2,770,276	+0.1%
Expenses	$2,455,025	$2,773,964	-0.1%
Net Income	$593,324	$-3,688	-161.9%

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

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

$464,487

Total Directors

$464,487

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY HENDERSON	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
CANDY MORGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLYN INGRAM	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
DR DALE VIOX	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
DR LEE CARTER	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
DR TAMMY GRISSOM	EXECUTIVE DIRECTOR	37.50	Officer Director	$358,992	$105,495	$464,487
JAYSON MCDONALD	TREASURER	1.00	Director	$0	$0	$0
JIMMIE GARLAND	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
KEYS FILLAUER	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PAT WELSH	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
MARTY BURLISON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE MCKISSACK	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GILLENWATERS	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
STEVE WILLIS	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
KIM CRAVENS	DISTRICT DIRECTOR	1.00	Director	$0	$0	$0
DAVID BAKER	AT-LARGE MEMBERS	1.00	Director	$0	$0	$0
SHELLI DODSON	AT-LARGE MEMBERS	1.00	Director	$0	$0	$0
CLEIJO WALKER	AT-LARGE MEMBERS	1.00	Director	$0	$0	$0
RANDALL JONES	AT-LARGE MEMBERS	1.00	Director	$0	$0	$0
BEN TORRES	ASSISTANT EXECUTIVE DIRECT	37.50	Highest	$184,312	$72,108	$256,420

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	No data	No data	No data	No data
2023	$3,048,349	$2,455,025	$6,641,078	$593,324
2022	$2,770,276	$2,773,964	$5,647,804	$-3,688
2021	$2,785,185	$2,490,308	$6,082,451	$294,877
2020	$2,042,457	$1,837,658	$5,643,288	$204,799
2019	$2,601,280	$2,433,434	$5,260,504	$167,846
2018	$2,597,408	$2,166,541	$4,887,417	$430,867

TENNESSEE SCHOOL BOARDS ASSOCIATION