THE GREAT SCHOOLS PARTNERSHIP CHARITABLE TRUST

EIN: 766206166 501(c)(3)

KNOXVILLE, TN

Total Revenue
$4,432,553
Total Expenses
$4,057,257
Total Assets
N/A
Net Assets
N/A
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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
2005
Legal Domicile
TN
Principal Officer
CHRIS LETSOS
Phone
8652154501
Tax Period
2019-07-01 to 2020-06-30

THE GREAT SCHOOLS PARTNERSHIP CHARITABLE TRUST, founded in 2005, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2019. Revenue decreased 16% compared to the prior year. Expenses of $4.1M left a modest 8% surplus.

Mission

TO SERVE AS A CATALYST, THINK TANK, INCUBATOR, START-UP FUNDER AND OPERATIONAL PARTNER FOR MAKING KNOX COUNTY SCHOOLS GLOBALLY COMPETITIVE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $4,425,429
Program Service Revenue $0
Investment Income $7,124
Other Revenue $0
TOTAL REVENUE $4,432,553

Expense Breakdown

Grants Paid $1,141,749
Salaries & Benefits $2,425,114
Fundraising Expenses $0
Program Expenses $3,360,753
Other Expenses $490,394
TOTAL EXPENSES $4,057,257

Year-over-Year Comparison

2019 2018 Change
Revenue $4,432,553 $5,293,882 -0.2%
Expenses $4,057,257 $5,175,384 -0.2%
Net Income $375,296 $118,498 +2.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
70
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
7
$458,550
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY WISE CHAIR 0.50
Officer Director
$0 $0 $0
BOB RIDER PAST CHAIR 0.50
Officer Director
$0 $0 $0
LAURENS TULLOCK SECRETARY/TR 0.50
Officer Director
$0 $0 $0
RANDY BOYD TRUSTEE 0.50
Director
$0 $0 $0
JOHN BUTLER TRUSTEE 0.50
Director
$0 $0 $0
TANYA COATS TRUSTEE 0.50
Director
$0 $0 $0
SUSAN HORN TRUSTEE 0.50
Director
$0 $0 $0
GLENN JACOBS TRUSTEE 0.50
Director
$0 $0 $0
LARRY MAULDIN TRUSTEE 0.50
Director
$0 $0 $0
PHYLLIS NICHOLS TRUSTEE 0.50
Director
$0 $0 $0
HUGH NYSTROM TRUSTEE 0.50
Director
$0 $0 $0
MIKE ODOM TRUSTEE 0.50
Director
$0 $0 $0
MADELINE ROGERO TRUSTEE 0.50
Director
$0 $0 $0
WENDY STILES TRUSTEE 0.50
Director
$0 $0 $0
BOB THOMAS TRUSTEE 0.50
Director
$0 $0 $0
STEPHANIE WELCH FORMER PRESI 40.00
$186,759 $4,207 $190,966
JONATHAN SCOONOVER INTERIM PRES 40.00
Officer
$107,828 $16,782 $124,610
CHRIS LETSOS CEO 20.00
Officer
$0 $0 $0
STEPHANIE JINKINS CFO 20.00
Officer
$149,090 $20,382 $172,287
CHERYL BALL VICE PRESIDE 40.00
Officer
$141,911 $19,742 $161,653
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
2020 $4,432,553 $4,057,257 No data $375,296
2019 $5,293,882 $5,175,384 $2,118,838 $118,498
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