Best of Tennessee Inc

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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

Principal Officer

Gerald Coggin

Tax Period

2023-09-01 to 2024-08-31

Best of Tennessee Inc, founded in 2023, is a small nonprofit that reported $761K in total revenue in fiscal year 2023. Expenses of $672K left a modest 12% surplus.

Mission

To increase voter participation in primary elections in Tennessee.

Program Service Accomplishments

Program 1

Expenses: $293,474

To increase voter participation in primary elections in Tennessee.

Program 2

Expenses: $145,000

Increased voter turnout among voters who typically skip primary elections but vote in general elections in the 2024 election cycle, through media and advertisement efforts.

Program 3

Expenses: $120,000

Contributions to other political groups.

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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 (2023)

Revenue Breakdown

Contributions & Grants $760,944

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $760,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,000

Fundraising Expenses $30,931

Program Expenses $558,474

Other Expenses $521,619

TOTAL EXPENSES $671,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$760,944	N/A	N/A
Expenses	$671,619	N/A	N/A
Net Income	$89,325	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

Employees

N/A

Volunteers

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

$150,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chloe A Akers	CEO	40.00	Officer	$150,000	$0	$150,000
Gerald Coggin	President	5.00	Officer	$0	$0	$0
Susan Simons	Secretary	5.00	Officer	$0	$0	$0
Jeff McGruder	Treasurer	5.00	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	No data	No data	No data	No data
2024	$760,944	$671,619	$89,325	$89,325