TENNESSEE CAREER ACADEMY

EIN: 921804951 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$665,260
Total Expenses
$745,843
Total Assets
$259,972
Net Assets
$181,522
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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
2023
Legal Domicile
TN
Principal Officer
DR JOHN BARKER
Phone
9014876598
Tax Period
2024-07-01 to 2025-06-30

TENNESSEE CAREER ACADEMY, founded in 2023, is a small nonprofit in the Education sector that reported $665K in total revenue in fiscal year 2024. Expenses of $746K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO BE THE TOP-RATED PROVIDER OF WORLD-READY GRADUATES IN THE SOUTH BY COMBINING HIGH-PERFORMANCE CORE CURRICULUM WITH CAREER-FOCUSED TRAINING AND EXPERIENCES.

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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 $665,260
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $665,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $399,907
Fundraising Expenses $29,677
Program Expenses $641,582
Other Expenses $345,936
TOTAL EXPENSES $745,843

Year-over-Year Comparison

2024 2023 Change
Revenue $665,260 $650,460 +0.0%
Expenses $745,843 $388,355 +0.9%
Net Income $-80,583 $262,105 -1.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
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
4
$192,075
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM MARINO PRESIDENT 1.00
Officer Director
$0 $0 $0
OCTAVIUS NICKSON VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDY DAVIS TREASURER 1.00
Officer Director
$0 $0 $0
DORSEY HOPSON BOARD MEMBER 1.00
Director
$0 $0 $0
ELLIOT PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES GERBER BOARD MEMBER 1.00
Director
$0 $0 $0
BEVERLY ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
TATE WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
DR JOHN R BARKER EXECUTIVE DIRECTOR 40.00
Officer
$180,000 $12,075 $192,075
MEAH KING FOUNDER AND HEAD OF SCHOOL 40.00
Highest
$141,896 $27,574 $169,470
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 $665,260 $745,843 $259,972 $-80,583
2024 $650,460 $388,355 $267,443 $262,105
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