THE GREAT SCHOOLS PARTNERSHIP CHAR… - 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

2005

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $2,027,987

COMMUNITY SCHOOLS PURPOSE IS TO BREAK DOWN THE BARRIERS TO STUDENT LEARNING BY CONVENING PRIMARILY EXISTING RESOURCES TO USE THE SCHOOL AS THE NEIGHBORHOOD HUB TO PROMOTE AND SUPPORT HEALTHY, VIBRANT FAMILIES, SCHOOLS AND COMMUNITIES. COMMUNITY SCHOOLS COLLABORATES WITH MORE THAN 275 COMMUNITY PARTNERS TO SUPPORT STUDENT SUCCESS BY BUILDING SYSTEMS OF SUPPORT FOR: MENTAL AND PHYSICAL HEALTH, BASIC NEEDS, FAMILY ENGAGEMENT, SOCIAL EMOTIONAL LEARNING, AND COMMUNITY DEVELOPMENT FOR POSITIVE GROWTH.

Program 2

Expenses: $718,141

RESEARCH AND DEVELOPMENT (INNOVATION) CONTAINS PROGRAMS THAT ARE PILOT PROGRAMS TO EVALUATE THEIR LONG TERM VIABILITY. THESE PROGRAMS INCLUDE THE FOLLOWING ON-GOING PROGRAM ACTIVITIES: SHAKESPEARE IN SHADES, CODETN, TEACHERPRENUER, THANK-A-TEACHER, SECONDARY TUTORING CENTERS, ARTS INTEGRATED TUTORING, AND DATA ANALYST.

Program 3

Expenses: $614,625

PROJECT GRAD KNOXVILLE IS AN INITIATIVE OF THE KNOX EDUCATION FOUNDATION. IN PARTNERSHIP WITH KNOX COUNTY SCHOOLS AND THE COMMUNITIES SERVED, PROJECT GRAD KNOXVILLE IMPACTS GENERATIONAL CHANGE...

PROJECT GRAD KNOXVILLE IS AN INITIATIVE OF THE KNOX EDUCATION FOUNDATION. IN PARTNERSHIP WITH KNOX COUNTY SCHOOLS AND THE COMMUNITIES SERVED, PROJECT GRAD KNOXVILLE IMPACTS GENERATIONAL CHANGE THROUGH EDUCATION. TAKING A K-16 (ELEMENTARY THROUGH POSTSECONDARY) APPROACH, THE PROGRAM FOCUSES ON COLLEGE/CAREER ACCESS AND SUCCESS; SOCIAL SERVICES SUPPORT; FAMILY, NEIGHBORHOOD & COMMUNITY ENGAGEMENT; INTENTIONAL SUPPORT FOR STUDENTS FROM DISADVANTAGED CIRCUMSTANCES; AND SCHOLARS IN 14 URBAN SCHOOLS IN KNOXVILLE. THE WORK OF PGK TARGETS: 1) INCREASED K12 KNOWLEDGE OF POSTSECONDARY OPTIONS, ACCESS, AND PATHWAYS; 2) INCREASED HIGH SCHOOL GRADUATION RATE; AND 3) INCREASED HIGHER EDUCATION ENROLLMENT AND COMPLETION RATE.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$458,550

Total Directors

Key Employees

Highest Compensated

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

THE GREAT SCHOOLS PARTNERSHIP CHARITABLE TRUST