Tennessee Press Assn Foundation Inc

EIN: 626136558 501(c)(3)

Knoxville, TN

Total Revenue
$32,568
Total Expenses
$81,370
Total Assets
$1,260,672
Net Assets
$1,254,293
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
TN
Principal Officer
Mark Millsap
Phone
8655845761
Tax Period
2023-12-01 to 2024-11-30

Tennessee Press Assn Foundation Inc, founded in 1976, is a micro nonprofit that reported $33K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $81K exceeded revenue, resulting in a 150% operating deficit.

Mission

The Tennessee Press Association Foundation Inc sponsors various programs to promote journalism in the state of Tennessee and various high school and college 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $954
Program Service Revenue $0
Investment Income $31,614
Other Revenue $0
TOTAL REVENUE $32,568

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $45,685
Other Expenses $81,370
TOTAL EXPENSES $81,370

Year-over-Year Comparison

2023 2022 Change
Revenue $32,568 $37,559 -0.1%
Expenses $81,370 $39,737 +1.0%
Net Income $-48,802 $-2,178 +21.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
N/A
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
2
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gregg K Jones Trustee 1.00
Director
$0 $0 $0
Bob Atkins Trustee 1.00
Director
$0 $0 $0
Eric Barnes Trustee 1.00
Director
$0 $0 $0
Jim Charlet Trustee 1.00
Director
$0 $0 $0
David Critchlow Jr Trustee 1.00
Director
$0 $0 $0
Ron Fryar Trustee 1.00
Director
$0 $0 $0
Dale Gentry Trustee 1.00
Director
$0 $0 $0
Doug Horne Trustee 1.00
Director
$0 $0 $0
Greg Jones Trustee 1.00
Director
$0 $0 $0
John M Jones Jr Trustee 1.00
Director
$0 $0 $0
Janet Rail Trustee 1.00
Director
$0 $0 $0
Daniel Richardson Trustee 1.00
Director
$0 $0 $0
Chris Vass Trustee 1.00
Director
$0 $0 $0
Michael Williams Trustee 1.00
Director
$0 $0 $0
Carol Daniels Executive Dir. 1.00
$0 $0 $0
John Finney Trustee 1.00
$0 $0 $0
Victor Parkins President 1.00
Officer
$0 $0 $0
Michael Fishman Vice President 1.00
Officer
$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
2024 $32,568 $81,370 $1,260,672 $-48,802
2023 $37,559 $39,737 $1,113,274 $-2,178
2022 $49,397 $100,435 $1,107,162 $-51,038
2021 $1,381 $29,392 $1,270,494 $-28,011
2020 $3,096 $30,714 $1,146,593 $-27,618
2019 $9,281 $59,058 $1,123,129 $-49,777
2018 $1,389 $66,780 $1,108,619 $-65,391
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