Tennessee Prospers (EIN 845122962) - 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

2020

Legal Domicile

Phone

9015550124

Tax Period

2024-01-01 to 2024-12-31

Tennessee Prospers, founded in 2020, is a small nonprofit that reported $600K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $823K exceeded revenue, resulting in a 37% operating deficit.

Mission

To collaborate, innovate, and construct solutions to improve the social and economic future of all children and families in 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $600,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $600,000

Expense Breakdown

Grants Paid $90

Salaries & Benefits $245,876

Fundraising Expenses $70,114

Program Expenses $534,911

Other Expenses $576,833

TOTAL EXPENSES $822,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,000	$500,000	+0.2%
Expenses	$822,799	$805,190	+0.0%
Net Income	$-222,799	$-305,190	-0.3%

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

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

$148,089

Total Directors

$148,089

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Austin Baker	Secretary	2.0	Officer Director	$0	$0	$0
Darrell Cobbins	President	2.0	Officer Director	$0	$0	$0
Mark Sturgis	Treasurer	10.0	Officer Director	$148,089	$0	$148,089

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
2024	$600,000	$822,799	$462,715	$-222,799
2023	$500,000	$805,190	$614,752	$-305,190
2022	$1,905,000	$1,286,423	$918,704	$618,577
2021	$460,000	$459,709	$316,127	$291
2020	$300,000	$164	$299,836	$299,836

Tennessee Prospers