TENNESSEE DELTA SCHOLARSHIP PROGRAM (EIN 863517724) - 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

2021

Legal Domicile

Principal Officer

JAY GRANNIS

Phone

6158951040

Tax Period

2022-10-01 to 2023-09-30

TENNESSEE DELTA SCHOLARSHIP PROGRAM, founded in 2021, is a micro nonprofit in the Education sector that reported $7K in total revenue in fiscal year 2022. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $8K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO DEVELOP AND ENCOURAGE ACADEMIC AND LEADERSHIP EXCELLENCE THROUGH AWARDING SCHOLARSHIPS THAT RECONGIZE ACADEMIC ACHIEVEMENT, CAMPUS ACTIVITIES AND HONORS, CHAPTER SERVICE, COMMUNITY INVOLVEMENT AND/OR PROFESSIONAL ACHIEVEMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,970

Program Service Revenue $0

Investment Income $1,410

Other Revenue $1,529

TOTAL REVENUE $6,909

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,557

Other Expenses $2,784

TOTAL EXPENSES $7,784

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,909	$67,047	-0.9%
Expenses	$7,784	$13,822	-0.4%
Net Income	$-875	$53,225	-1.0%

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

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
JOHN BARTLETT	OFFICER	1.00	Director	$0	$0	$0
CARLOS BOWDEN	SECRETARY	10.00	Director	$0	$0	$0
JAY GRANNIS	TREASURER	10.00	Officer Director	$0	$0	$0
JIM HEARN	OFFICER	1.00	Director	$0	$0	$0
KEITH KEISLING	OFFICER	1.00	Director	$0	$0	$0
DAVID SWINDLE	PRESIDENT	10.00	Director	$0	$0	$0
STEVE WAGNER	VICE PRESIDE	10.00	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
2023	$6,909	$7,784	$80,455	$-875
2022	$67,047	$13,822	$81,330	$53,225

TENNESSEE DELTA SCHOLARSHIP PROGRAM