NORTHEAST TENNESSEE REGIONAL ECONO… - 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

2017

Legal Domicile

Principal Officer

MITCH MILLER

Phone

4232023510

Tax Period

2022-07-01 to 2023-06-30

NORTHEAST TENNESSEE REGIONAL ECONOMIC PARTNERSHIP INC, founded in 2017, is a small nonprofit that reported $307K in total revenue in fiscal year 2022. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $916K exceeded revenue, resulting in a 199% operating deficit.

Mission

TO ENHANCE JOB GROWTH AND INCREASE THE TAX BASE BY ENGAGING BUSINESS LEADERS THROUGH COLLABORATION WITH EXISTING BUSINESSES TO EXPAND, BUILD THEIR SUPPLY CHAINS, ACTIVELY RECRUIT NEW EMPLOYERS IN TARGETED SECTORS, AND ATTRACT EDUCATED TALENT.

Program Service Accomplishments

Program 1

Expenses: $359,794 Revenue: $45,353

ECONOMIC DEVELOPMENT: TO SEEK APPROPRIATE PROPERTIES AVAILABLE IN THE AREA FOR INTERESTED BUSINESSES; FACILITATE THE DEVELOPMENT OF INDUSTRIAL PARKS; FACILITATE THE RESEARCH AND STUDIES FOR THE...

ECONOMIC DEVELOPMENT: TO SEEK APPROPRIATE PROPERTIES AVAILABLE IN THE AREA FOR INTERESTED BUSINESSES; FACILITATE THE DEVELOPMENT OF INDUSTRIAL PARKS; FACILITATE THE RESEARCH AND STUDIES FOR THE EXPANSION OF CURRENT UTILITY SERVICES; AND PROVIDE SUPPORT SERVICES FOR CURRENT EXISTING BUSINESS IN THE AREA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $261,482

Program Service Revenue $42,921

Investment Income $0

Other Revenue $2,432

TOTAL REVENUE $306,835

Expense Breakdown

Grants Paid $452,000

Salaries & Benefits $291,001

Fundraising Expenses $0

Program Expenses $359,794

Other Expenses $173,131

TOTAL EXPENSES $916,132

Year-over-Year Comparison

	2022	2021	Change
Revenue	$306,835	$757,298	-0.6%
Expenses	$916,132	$670,371	+0.4%
Net Income	$-609,297	$86,927	-8.0%

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

$182,657

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY ROSS	VICE-CHAIR	0.30	Officer Director	$0	$0	$0
ANDY HALL	DIRECTOR	0.30	Director	$0	$0	$0
NEIL POLAND	DIRECTOR	0.30	Director	$0	$0	$0
JIMMY RHEIN	DIRECTOR	0.30	Director	$0	$0	$0
RAB SUMMERS	DIRECTOR	0.30	Director	$0	$0	$0
DANNY TESTER	DIRECTOR	0.30	Director	$0	$0	$0
JOHN BRADLEY	DIRECTOR	0.30	Director	$0	$0	$0
LEE BROWN	DIRECTOR	0.30	Director	$0	$0	$0
PATTY WOODBY	DIRECTOR	0.30	Director	$0	$0	$0
PHILIP COX	CHAIR	0.30	Officer Director	$0	$0	$0
JEFF DYKES	DIRECTOR	0.30	Director	$0	$0	$0
CATHY BALL	DIRECTOR	0.30	Director	$0	$0	$0
JOE GRANDY	DIRECTOR	0.30	Director	$0	$0	$0
LOGAN ENGLE	DIRECTOR	0.30	Director	$0	$0	$0
BO WILKES	DIRECTOR	0.30	Director	$0	$0	$0
GARLAND EVELY	DIRECTOR	0.30	Director	$0	$0	$0
WILL BARRETT	DIRECTOR	0.30	Director	$0	$0	$0
MITCH MILLER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$159,000	$23,657	$182,657

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
2023	$306,835	$916,132	No data	$-609,297
2022	$757,298	$670,371	$633,205	$86,927
2021	$891,619	$770,459	$557,194	$121,160
2020	$991,435	$877,464	$441,982	$113,971
2019	$1,123,415	$1,056,361	$359,421	$67,054

NORTHEAST TENNESSEE REGIONAL ECONOMIC PARTNERSHIP INC