FIRST TENNESSEE DEVELOPMENT DISTRICT FOUNDATION (EIN 824338374) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

MIKE HARRISON

Phone

4239280224

Tax Period

2023-07-01 to 2024-06-30

FIRST TENNESSEE DEVELOPMENT DISTRICT FOUNDATION, founded in 2018, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 943% from the prior year, signaling strong growth momentum.

Mission

TO ADMINISTER PROGRAMS THAT ADDRESS CRUCIAL SOCIAL ISSUES IN NORTHEAST TENNESSEE, INCLUDING FOOD INSECURITY AND SUBSTANDARD HOUSING IN OLDER LOW-INCOME ADULTS, WORKFORCE DEVELOPMENT FOR HIGH SCHOOL STUDENTS, AND CHILDHOOD LITERACY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,788,034

Program Service Revenue $0

Investment Income $416

Other Revenue $0

TOTAL REVENUE $3,788,450

Expense Breakdown

Grants Paid $3,866,970

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,867,276

Other Expenses $306

TOTAL EXPENSES $3,867,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,788,450	$363,131	+9.4%
Expenses	$3,867,276	$457,777	+7.4%
Net Income	$-78,826	$-94,646	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAL DOTY	TREASURER	1.00	Officer Director	$0	$0	$0
CURT ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HAWK	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARLAND EVELY	BOARD MEMBER	1.00	Director	$0	$0	$0
GLENN WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SELLS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE GRANDY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MORRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY POTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK DEWITTE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK SHULL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATTY WOODBY	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD VENABLE	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSTY CROWE	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS HARRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD FOWLER	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE TURNER	BOARD MEMBER	1.00	Director	$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
2025	No data	No data	No data	No data
2024	$3,788,450	$3,867,276	$846,365	$-78,826
2023	$363,131	$457,777	$292,720	$-94,646
2022	$413,348	$571,061	$258,281	$-157,713
2021	$542,700	$161,716	$469,498	$380,984

FIRST TENNESSEE DEVELOPMENT DISTRICT FOUNDATION