THE NASHVILLE CATALYST FUND

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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

2024

Legal Domicile

Principal Officer

HAL CATO

Phone

6153214939

Tax Period

2024-04-08 to 2024-12-31

THE NASHVILLE CATALYST FUND, founded in 2024, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.0M in total revenue in fiscal year 2024. The organization ran a surplus of $19.5M, a strong 98% operating margin.

Mission

THE NASHVILLE CATALYST FUND (THE "FUND") IS A TENNESSEE NON-PROFIT PUBLIC BENEFIT CORPORATION THAT OFFERS FLEXIBLE FINANCING FOR THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING WITHIN NASHVILLE AND DAVIDSON COUNTY. THE FUND ENABLES MISSION-MOTIVATED DEVELOPERS TO BE MORE COMPETITIVE IN THE RACE TO PRESERVE EXISTING REGULATED AND UNREGULATED AFFORDABLE HOUSING AND ACCELERATES THE CREATION OF HIGH-IMPACT AFFORDABLE HOUSING.THE FUND IS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE ("CFMT"), A TENNESSEE NON-PROFIT CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $245,598

BY BLENDING CAPITAL FROM A RANGE OF SOURCES, THE FUND PROVIDES EARLY-STAGE CAPITAL TO MISSION-DRIVEN DEVELOPERS TO SUPPORT THE PRESERVATION AND CREATION OF AFFORDABLE HOUSING SUPPLY IN NASHVILLE.THE CATALYST FUND IS A NEW TOOL THAT RESPONDS TO THE SPECIFIC CONDITIONS FACED BY AFFORDABLE HOUSING DEVELOPERS TRYING TO INCREASE AFFORDABLE HOUSING PRODUCTION IN NASHVILLE. LOAN PRODUCTS ARE TAILORED TO THE NASHVILLE MARKET AND ARE DESIGNED TO SUPPORT THE PRESERVATION AND CONSTRUCTION OF AFFORDABLE HOUSING.MISSION-DRIVEN DEVELOPERS THAT ARE BEING OUTCOMPETED IN THE RACE TO PRESERVE OLDER AFFORDABLE HOUSING BUILDINGS AND ACQUIRE LAND FOR AFFORDABLE HOUSING DEVELOPMENT WILL BE ABLE TO EXECUTE A QUICK ACQUISITION AT TERMS THAT MAKES THE PROJECT FINANCIALLY FEASIBLE VIA THE FUND'S ACQUISITION LOAN PRODUCT.THE FUND PROVIDES LOAN PRODUCTS THAT ARE NOT AVAILABLE ELSEWHERE IN THE MARKET THAT CAN PRESERVE THE AFFORDABILITY OF HOUSING IN AN INCREASINGLY COMPETITIVE MARKET. FIRST LOSS CAPITAL FROM METRO ENABLES THE CATALYST FUND TO TAKE EARLY-STAGE RISKS THAT OTHER LENDERS CANNOT, ACCELERATING THE TIMELINE FOR PRESERVATION AND CREATION OF AFFORDABLE HOUSING. IN ADDITION, THE FUND'S BRIDGE LOAN PRODUCT ALLOWS MISSION-MOTIVATED DEVELOPERS TO JUMPSTART THEIR PROJECTS WITHOUT WAITING TO RECEIVE PUBLIC SUBSIDY OR GRANT PROCEEDS.LOAN PRODUCTS ARE SPECIFICALLY DESIGNED TO INCLUDE AND SUPPORT NON-PROFIT AND EMERGING BIPOC DEVELOPERS WITHIN THE AFFORDABLE HOUSING SECTOR. THE FUND IS A NEW SOURCE FOR PREDEVELOPMENT LOANS THAT TARGET HIGH-IMPACT PROJECTS LED BY EMERGING DEVELOPERS.

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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 $19,502,000

Program Service Revenue $0

Investment Income $453,932

Other Revenue $0

TOTAL REVENUE $19,955,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,598

Other Expenses $497,722

TOTAL EXPENSES $497,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,955,932	N/A	N/A
Expenses	$497,722	N/A	N/A
Net Income	$19,458,210	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

$480,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM GINGRICH	CHAIR	3.00	Officer Director	$0	$0	$0
HANNAH DAVIS	DIRECTOR	3.00	Director	$0	$0	$0
ROBERT CH BERT MATTHEWS III	DIRECTOR	3.00	Director	$0	$0	$0
HAL CATO	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$7,875	$271,697
JAMES MUNCH	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$7,000	$208,306

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	$19,955,932	$497,722	$19,545,063	$19,458,210