TENNESSEE SOCIETY OF PROFESSIONAL ENGINEERS (EIN 626041550) - 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

1950

Legal Domicile

Principal Officer

SETH FISCHER PE

Tax Period

2023-07-01 to 2024-06-30

TENNESSEE SOCIETY OF PROFESSIONAL ENGINEERS, founded in 1950, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $186K left a modest 8% surplus.

Mission

TSPE PROMOTES THE ETHICAL AND COMPETENT PRACTICE OF ENGINEERING AND ADVOCATES LICENSURE, SERVES THE NEEDS OF AND ENHANCES THE IMAGE AND WELL BEING OF ALL ENGINEERING PROFESSIONALS AND PROMOTES THE INVOLVEMENT OF ENGINEERS IN SOCIETY.

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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 $4,601

Program Service Revenue $184,467

Investment Income $331

Other Revenue $12,421

TOTAL REVENUE $201,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,555

Fundraising Expenses $0

Other Expenses $184,662

TOTAL EXPENSES $186,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,820	$158,939	+0.3%
Expenses	$186,217	$224,449	-0.2%
Net Income	$15,603	$-65,510	-1.2%

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

120

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
DERRICK CARTER	DIRECTOR	2.00	Director	$0	$0	$0
JIM LINK	DIRECTOR	2.00	Director	$0	$0	$0
DRAKE DANLEY	PAST PRESIDENT	2.00	Director	$0	$0	$0
KATIE WALDSCHMIDT	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SCHALLON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MILLRANEY	DIRECTOR	2.00	Director	$0	$0	$0
KIRSCHTEN ROBERTS	DIRECTOR	2.00	Director	$0	$0	$0
PHILLIP SCHOFIELD	DIRECTOR	2.00	Director	$0	$0	$0
TIM HERNDON	DIRECTOR	2.00	Director	$0	$0	$0
JOSH COLE	PRESIDENT ELECT	2.00	Director	$0	$0	$0
SHANNON LOONEY	SECRETARY	3.00	Officer Director	$0	$0	$0
MARK HARRISON	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ARRON CRENSHAW	PRESIDENT	3.00	Officer Director	$0	$0	$0
SETH FISCHER	TREASURER	3.00	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
2025	No data	No data	No data	No data
2024	$201,820	$186,217	$162,875	$15,603
2023	$158,939	$224,449	$147,272	$-65,510
2022	$222,020	$214,591	$187,560	$7,429
2021	$155,383	$173,191	$169,083	$-17,808
2020	$215,041	$200,933	$188,282	$14,108
2019	$245,128	$238,583	$176,680	$6,545

TENNESSEE SOCIETY OF PROFESSIONAL ENGINEERS