PROPERTIES TRUST

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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

Principal Officer

GREG CASHION

Phone

6158508914

Tax Period

2024-01-01 to 2024-12-31

PROPERTIES TRUST, founded in 2020, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 75% operating margin.

Mission

THE PROPERTIES TRUST UNDER AGREEMENT DATED JUNE 12, 2020 (THE 'PROPERTIES TRUST') IS A TENNESSEE CHARITABLE TRUST WHOSE PURPOSE IS TO SUPPORT THE ACTIVITIES, PURPOSES, AND MISSION OF THE MIDDLE TENNESSEE COUNCIL, INC., BOY SCOUTS OF AMERICA ('MTC'), A TENNESSEE NONPROFIT PUBLIC BENEFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE THAT HAS BEEN IN EXISTENCE FOR NEARLY 90 YEARS. FURTHER, THE PROPERTIES TRUST HAS BEEN ESTABLISHED TO BE A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTON 509(A)(3) OF THE CODE (A 'SUPPORTING ORGANIZATION') AND, MORE SPECIFICALLY, A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3)(B)(I) OF THE CODE (A 'TYPE I SUPPORTING ORGANIZATION') WITH RESPECT TO MTC.

Program Service Accomplishments

Program 1

Expenses: $722,516

THE PROPERTIES TRUST UNDER AGREEMENT DATED JUNE 12, 2020 (THE 'PROPERTIES TRUST') IS A TENNESSEE CHARITABLE TRUST WHOSE PURPOSE IS TO SUPPORT THE ACTIVITIES, PURPOSES, AND MISSION OF THE MIDDLE...

THE PROPERTIES TRUST UNDER AGREEMENT DATED JUNE 12, 2020 (THE 'PROPERTIES TRUST') IS A TENNESSEE CHARITABLE TRUST WHOSE PURPOSE IS TO SUPPORT THE ACTIVITIES, PURPOSES, AND MISSION OF THE MIDDLE TENNESSEE COUNCIL, INC., BOY SCOUTS OF AMERICA ('MTC'), A TENNESSEE NONPROFIT PUBLIC BENEFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE THAT HAS BEEN IN EXISTENCE FOR NEARLY NINETY YEARS. FURTHER, THE PROPERTIES TRUST HAS BEEN ESTABLISHED TO BE A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTON 509(A)(3) OF THE CODE (A 'SUPPORTING ORGANIZATION') AND, MORE SPECIFICALLY, A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3)(B)(I) OF THE CODE (A 'TYPE I SUPPORTING ORGANIZATION') WITH RESPECT TO MTC.

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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 $3,191,630

Program Service Revenue $0

Investment Income $46

Other Revenue $0

TOTAL REVENUE $3,191,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,961

Fundraising Expenses $18,924

Program Expenses $722,516

Other Expenses $737,382

TOTAL EXPENSES $804,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,191,676	$1,649,768	+0.9%
Expenses	$804,343	$714,571	+0.1%
Net Income	$2,387,333	$935,197	+1.6%

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
GREG CASHION	CHAIR AND TRUSTEE	1.00	Officer Director	$0	$0	$0
CRAIG BECKER	TRUSTEE	1.00	Director	$0	$0	$0
STEVE BLACKMON	TRUSTEE	1.00	Director	$0	$0	$0
GREG CASHION	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HARNEY	TRUSTEE	1.00	Director	$0	$0	$0
HILL MCALISTER	TRUSTEE	1.00	Director	$0	$0	$0
ROB MCCABE	TRUSTEE	1.00	Director	$0	$0	$0
PHIL PFEFFER	TRUSTEE	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
2024	$3,191,676	$804,343	$23,260,001	$2,387,333
2023	$1,649,768	$714,571	$19,354,770	$935,197
2022	$184,745	$677,128	$18,602,070	$-492,383
2021	$335,617	$710,168	$18,831,917	$-374,551
2020	$858,670	$787,756	$20,045,527	$70,914