NORTHEAST TENNESSEE REGIONAL ECONOMIC PARTNERSHIP INC

EIN: 814014871

KINGSPORT, TN

Total Revenue
$306,835
Total Expenses
$916,132
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
2017
Legal Domicile
TN
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 ECONOMIC DEVELOPMENT IN NORTHEAST TENNESSEE.

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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 (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

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Governance

Voting Members
17
Independent Members
17
Employees
5
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
3
$182,657
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
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