Tennessee Corn Promotion Council (EIN 842860744) - 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

2019

Legal Domicile

Principal Officer

Amy McNeil

Phone

7314315653

Tax Period

2024-07-01 to 2025-06-30

Tennessee Corn Promotion Council, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $336K in total revenue in fiscal year 2024.

Mission

TN Corn Promotion Board collects and administers the corn checkoff funds. This special fund makes much needed market development, promotion, education, and research possible, all which benefit the Tennessee corn industry, agriculture, and economy.

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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 (2024)

Revenue Breakdown

Contributions & Grants $335,878

Program Service Revenue $0

Investment Income $455

Other Revenue $0

TOTAL REVENUE $336,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,981

Fundraising Expenses $0

Program Expenses $359,051

Other Expenses $189,070

TOTAL EXPENSES $359,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,333	N/A	N/A
Expenses	$359,051	N/A	N/A
Net Income	$-22,718	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Mike Brundige	Board Member	Officer	$0	$0	$0
John Townsend	Board Member	Officer	$0	$0	$0
George McDonald	Board Member	Officer	$0	$0	$0
Carl Shultz	Board Member	Officer	$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	$336,333	$359,051	$68,291	$-22,718
2024	$353,872	$317,037	$88,206	$36,835
2023	$237,413	$243,113	$51,023	$-5,700
2022	$206,626	$211,465	$56,654	$-4,839
2021	$176,122	$159,049	$61,023	$17,073
2020	$165,511	$122,500	$44,425	$43,011

Tennessee Corn Promotion Council