TAF Rural Expansion Foundation

EIN: 871130171 501(c)(3) Education

Parsons, TN

Total Revenue
$13,010,588
Total Expenses
$9,765,649
Total Assets
$15,361,786
Net Assets
$14,498,673
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TN
Principal Officer
JANET AYERS
Phone
7318470632
Tax Period
2024-07-01 to 2025-06-30

TAF Rural Expansion Foundation, founded in 2021, is a mid-sized nonprofit in the Education sector that reported $13.0M in total revenue in fiscal year 2024. The organization ran a surplus of $3.2M, a strong 25% operating margin.

Mission

EXPANDING THE AYERS FOUNDATION SCHOLARS PROGRAM MODEL TO IMPROVE POST-SECONDARY EDUCATION OPPORTUNITIES FOR HIGH SCHOOLERS IN DISTRESSED/AT-RISK RURAL TENNESSEE COUNTIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,496,925
Program Service Revenue $0
Investment Income $513,663
Other Revenue $0
TOTAL REVENUE $13,010,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,067,922
Fundraising Expenses $0
Program Expenses $7,751,777
Other Expenses $1,697,727
TOTAL EXPENSES $9,765,649

Year-over-Year Comparison

2024 2023 Change
Revenue $13,010,588 $12,871,631 +0.0%
Expenses $9,765,649 $6,983,259 +0.4%
Net Income $3,244,939 $5,888,372 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
N/A
Volunteers
3

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
8
$1,203,626
Total Directors
5
$604,172
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BURTON WILLIAMS BOARD SECRETARY & CEO 34.0
Officer Director
$0 $31,497 $411,055
SHANNON HAYNES CHIEF PROSPERITY OFFICER 1.0
Officer
$0 $24,767 $236,565
BLAKE DILL CHIEF OPERATING OFFICER 34.0
Officer
$0 $18,275 $223,376
MICHAEL MEADOWS DIR OF FINANCIAL AID 34.0
Highest
$0 $9,282 $205,758
LORISA WILLIAMS ORG. EFFECTIVENESS ADVISOR 36.0
Officer Director
$0 $13,317 $193,117
JESSE TURNER DIRECTOR OF IT & BUS SOLUTIONS 34.0
Highest
$0 $16,994 $161,040
ANGELA MARSHALL DIR OF STRATEGIC INITIATIVES 34.0
Highest
$0 $19,206 $153,242
MARCIA RHODES DIRECTOR OF ACCOUNTING 34.0
Highest
$0 $15,398 $142,991
JAMES TROY GRANT CHIEF SCHOLARS OFF. UNTIL 9/3 34.0
Officer
$0 $15,018 $139,513
EMILY CHADWICK DIRECTOR OF HR 34.0
Highest
$0 $6,244 $137,022
JAMES AYERS Chairman until 4/1/2025 1.0
Officer Director
$0 $0 $0
JANET AYERS President 5.0
Officer Director
$0 $0 $0
LEE ANN INGRAM BOARD MEMBER 6/4-6/30/2025 1.0
Director
$0 $0 $0
SHAWN KIMBLE CHIEF SCHOLARS OFF. 4/14-6/30 34.0
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 $13,010,588 $9,765,649 $15,361,786 $3,244,939
2024 $12,871,631 $6,983,259 $11,573,506 $5,888,372
2023 $5,003,540 $3,166,952 $5,634,818 $1,836,588
2022 $5,000,000 $1,471,225 $3,651,399 $3,528,775
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