Tennessee Economic Development Council (EIN 912130756) - 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

Phone

6155380497

Tax Period

2024-01-01 to 2024-12-31

Tennessee Economic Development Council is a small nonprofit that reported $239K in total revenue in fiscal year 2024. Expenses of $212K left a modest 11% surplus.

Mission

Statewide professional organization formed for the purpose of promoting economic development and industrial recruitment in the 95 counties of the State of Tennessee. Membership is open to individuals whose employment responsibilities are in the field of economic development pursuant to the by-laws of the organization.

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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 $0

Program Service Revenue $239,459

Investment Income $0

Other Revenue $0

TOTAL REVENUE $239,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $212,420

TOTAL EXPENSES $212,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$239,459	N/A	N/A
Expenses	$212,420	N/A	N/A
Net Income	$27,039	N/A	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

N/A

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	Role	Reportable Comp	Other Comp	Total
Kendrick Curtis	President	Officer Director	$0	$0	$0
Ryan Egly	Director	Director	$0	$0	$0
Lisa Collett	Sec.Treas.	Officer Director	$0	$0	$0
Julian McTixic	Director	Director	$0	$0	$0
Edward Burch	Director	Director	$0	$0	$0
Kim Denton	Ex-Officio	Director	$0	$0	$0
Jamie Stitt	Director	Director	$0	$0	$0
Vicki Bunch	Vice President	Officer Director	$0	$0	$0
Nick Cunningham	Ex-Officio	Director	$0	$0	$0
Bryan Hall	Director	Director	$0	$0	$0
Marshall Ramsey	Past President	Officer 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	$239,459	$212,420	$229,455	$27,039

Tennessee Economic Development Council