THE TESS MAJORS FOUNDATION

EIN: 922456448 501(c)(3) Education

NASHVILLE, TN

Total Revenue
$234,478
Total Expenses
$53,910
Total Assets
$278,684
Net Assets
$278,684
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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
INMAN MAJORS
Phone
5404714875
Tax Period
2024-01-01 to 2024-12-31

THE TESS MAJORS FOUNDATION, founded in 2023, is a small nonprofit in the Education sector that reported $234K in total revenue in fiscal year 2024. The organization ran a surplus of $181K, a strong 77% operating margin.

Mission

THE TESS MAJORS FOUNDATION PROVIDES ACCESS TO MUSIC, THEATRE, NATURE, ENVIRONMENTALISM, LITERATURE, AND JOURNALISM.

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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 $219,870
Program Service Revenue $0
Investment Income $14,608
Other Revenue $0
TOTAL REVENUE $234,478

Expense Breakdown

Grants Paid $46,700
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,302
Other Expenses $7,210
TOTAL EXPENSES $53,910

Year-over-Year Comparison

2024 2023 Change
Revenue $234,478 N/A N/A
Expenses $53,910 N/A N/A
Net Income $180,568 $0 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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
INMAN MAJORS PRESIDENT 1.00
Officer Director
$0 $0 $0
CHRISTY MAJORS VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
ALLEN MCDUFFIE SECRETARY 1.00
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 $234,478 $53,910 $278,684 $180,568
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