THE COMMUNITY FOUNDATION OF GREATE… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

MAEGHAN JONES

Phone

4232650586

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC, founded in 1963, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $40.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $10.9M, a strong 27% operating margin.

Mission

TOGETHER WITH OUR COMMUNITY AND PARTNERS, WE TRANSFORM GENEROSITY INTO LASTING CHANGE TOWARDS A PROSPEROUS AND JUST CHATTANOOGA WHERE ALL CAN THRIVE AND ACHIEVE THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $26,526,677

PROVIDING SCHOLARSHIPS AND FUNDS FOR AREA BEAUTIFICATION, DOWNTOWN DEVELOPMENT, HEALTH RELATED ISSUES, CIVIC AND CULTURAL IMPROVEMENTS, AND EDUCATIONAL AND HUMANITARIAN PROGRAMS.

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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 $22,333,229

Program Service Revenue $0

Investment Income $17,643,273

Other Revenue $62,696

TOTAL REVENUE $40,039,198

Expense Breakdown

Grants Paid $25,948,575

Salaries & Benefits $1,637,565

Fundraising Expenses $258,983

Program Expenses $26,526,677

Other Expenses $1,540,873

TOTAL EXPENSES $29,127,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,039,198	$43,156,399	-0.1%
Expenses	$29,127,013	$26,150,391	+0.1%
Net Income	$10,912,185	$17,006,008	-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

Volunteers

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

$418,202

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE BROCK	EX-OFFICIO CHAIR	1.00	Officer Director	$0	$0	$0
BEN BROWN	DIRECTOR	1.00	Director	$0	$0	$0
GENE GEIGER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELA PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
DR RUTH LIU	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR SHEWANEE HOWARD-BAPTISTE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA HARDAWAY	DIRECTOR	1.00	Director	$0	$0	$0
DR DAVE BHATTACHARYA	DIRECTOR	1.00	Director	$0	$0	$0
RAY RYAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG WILLETT	DIRECTOR	1.00	Director	$0	$0	$0
DR LE ANDREA WARE	DIRECTOR	1.00	Director	$0	$0	$0
SKIP SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
RONDELL CRIER	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL KEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LORIE RUNGE	TREASURER	1.00	Officer Director	$0	$0	$0
DALLAS JOSEPH	CHAIR	1.00	Officer Director	$0	$0	$0
ANSLEY MOSES	SECRETARY	1.00	Officer	$0	$0	$0
MAEGHAN JONES	PRESIDENT AND CEO	40.00	Officer	$213,191	$32,046	$245,237
REBECCA UNDERWOOD	VP OF FINANCE & ADMINISTRATION	1.00	Officer	$144,206	$28,759	$172,965
MARISA OGLES	SR DIRECTOR OF DONOR SERVICES	1.00	Highest	$100,944	$20,118	$121,062
CAROLINE VON KESSLER	VP OF PHILANTHROPY	1.00	Highest	$113,161	$25,629	$138,790

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	$40,039,198	$29,127,013	$226,608,341	$10,912,185
2022	$43,156,399	$26,150,391	$209,491,622	$17,006,008
2021	$52,106,763	$26,114,909	$242,437,300	$25,991,854
2020	$41,204,298	$21,658,526	$203,018,326	$19,545,772

THE COMMUNITY FOUNDATION OF GREATER CHATTANOOGA INC