THE COTTON FOUNDATION

EIN: 626048143 501(c)(3) Food, Agriculture & Nutrition

CORDOVA, TN

Total Revenue
$1,225,596
Total Expenses
$1,040,834
Total Assets
$4,921,119
Net Assets
$4,877,836
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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
1956
Legal Domicile
DE
Principal Officer
DON PARKER
Phone
9012749030
Tax Period
2023-07-01 to 2024-06-30

THE COTTON FOUNDATION, founded in 1956, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $185K, a strong 15% operating margin.

Mission

TO ENCOURAGE AND AID EDUCATION, SCIENTIFIC EXPERIMENTATION, AND RESEARCH RELATING TO COTTON.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $858,525
Program Service Revenue $0
Investment Income $82,071
Other Revenue $285,000
TOTAL REVENUE $1,225,596

Expense Breakdown

Grants Paid $181,500
Salaries & Benefits $89,687
Fundraising Expenses $0
Program Expenses $809,191
Other Expenses $769,647
TOTAL EXPENSES $1,040,834

Year-over-Year Comparison

2023 2022 Change
Revenue $1,225,596 $1,456,883 -0.2%
Expenses $1,040,834 $877,685 +0.2%
Net Income $184,762 $579,198 -0.7%
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

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Governance

Voting Members
14
Independent Members
14
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
6
$820,742
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT REKEWEG TREASURER 0.50
Officer Director
$0 $0 $0
JOSEPH KELLY FENNER TRUSTEE 0.50
Director
$0 $0 $0
TRAVIS BECTON TRUSTEE 0.50
Director
$0 $0 $0
JENNIFER CRUMPLER TRUSTEE 0.50
Director
$0 $0 $0
DAVID C LIGHT TRUSTEE 0.50
Director
$0 $0 $0
ERIC CASTNER TRUSTEE 0.50
Director
$0 $0 $0
JEFFREY D SMITH TRUSTEE 0.50
Director
$0 $0 $0
TODD ROVEY TRUSTEE 0.50
Director
$0 $0 $0
DEAN CALVANI CHAIRMAN 0.50
Officer Director
$0 $0 $0
RUSSELL SUTTON TRUSTEE 0.50
Director
$0 $0 $0
SAM WHITAKER PRESIDENT 0.50
Officer Director
$0 $0 $0
ANDREW CONNER TRUSTEE 0.50
Director
$0 $0 $0
PHILLIP EDWARDS III TRUSTEE 0.50
Director
$0 $0 $0
MACIE O'SHAUGHNESSY TRUSTEE 0.50
Director
$0 $0 $0
GARY ADAMS EXECUTIVE VICE PRESIDENT 1.00
Officer
$0 $71,599 $530,557
CHAD BREWER EXECUTIVE DIRECTOR/SECRETA 1.00
Officer
$0 $18,819 $112,724
DREW DAVIS ASSISTANT TREASURER 1.00
Officer
$0 $30,063 $177,461
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 $1,225,596 $1,040,834 $4,921,119 $184,762
2023 $1,456,883 $877,685 $4,429,040 $579,198
2022 $980,959 $650,349 $3,669,566 $330,610
2021 $787,469 $529,059 $3,824,041 $258,410
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