Tennsmart Consortium INC EIN 37-1870319 Form 990 (PDF) Claim this org

Tennsmart Consortium INC

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Connects leaders to speed up new intelligent mobility innovations in Tennessee. For fiscal year 2024 it reported $392K in revenue, $385K in expenses, and $201K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Oak Ridge, TN
Website
tennsmart.org
Filings
7 on file (2018–2024)
Revenue
$392KFY2024
Expenses
$385K
Net assets
$201K
People
14
Filings
7
Updates
0
More identity details & actions ⌄
EIN  37-1870319 Business league / trade association Oak Ridge, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects leaders to speed up new intelligent mobility innovations in Tennessee.
Leadership
Rich Davies · Chairman
Money in and out
$392K revenue, $385K expenses
Bottom line
+2% operating surplus
Membership & operating revenue · FY2024
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$385K
Pt IX · Ln 25
Net assets
$201K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.18 Fundraising $0.04
Operating surplus
+2%
revenue over expenses▲ +118% vs prior filing year
Earned revenue
55%
of revenue from program services & dues▼ -8% vs prior filing year
Program spending
78%
of expenses reach member services▼ -11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$392K
FY2024▼ -30%
Expenses
$385K
FY2024▼ -38%
Total assets
$201K
FY2024▲ +4%
Total liabilities
$0
FY2024
Total revenue
$392K
Pt VIII · Ln 12
Total expenses
$385K
Pt IX · Ln 25
Net assets
$201K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7K
Total assetsPt X · Ln 16$201K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

2 program services account for $51K of program spending, described in the organization's own filed words · FY2024.
01

Semi-Annual Conferences

The organization holds two yearly conferences in order for members to network with peers and industry stakeholders and hear presentations on innovative new projects and initiatives.

$51Kprogram expense
02

Automotive & Mobility Mentor Network Program

The goal of this program is to grow the automotive, transportation and mobility sector in tennessee by mentoring entrepreneurs who are bringing new technologies and solutions to the market. The program pairs mentors with promising new companies through a structured process.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTennsmart Consortium INC
EINHdr · item D37-1870319
Principal addressHdr · item COak Ridge, TN
WebsiteHdr · item Jtennsmart.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFSep 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$217K · 55%
Contributions & grants$175K · 45%
Program service revenue55%$217K
Contributions & grants45%$175K
— government grantsLn 1e$175K
Total revenueLn 12$392K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.18 Fundraising $0.04
Program services78%$299K
Management & general18%$69K
Fundraising4%$17K
Total functional expensesLn 25$385K

Balance Sheet

Part X · end of year
CashLn 1$201K
Total assetsLn 16$201K
Total liabilitiesLn 26$0
Total net assetsLn 32$201K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $201K · Operating expenses/yr $385K
6.3 months
Where the money goes
Program services
Program services $299K · Total expenses $385K
78%
Management & General
Management & general $69K · Total expenses $385K
18%
Fundraising
Fundraising $17K · Total expenses $385K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $20K · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $175K · Total revenue $392K
45%
Government reliance
Government grants $175K · Total revenue $392K
45%
Earned-income share
Program service revenue $217K · Total revenue $392K
55%
Investment reliance
Investment income $0 · Total revenue $392K
0%
Program self-sufficiency
Program service revenue $217K · Total expenses $385K
56%
Growth & trend
Revenue growth (YoY)
This year $392K · Prior year $560K
-30%
Revenue CAGR
FY2018 $135K · FY2024 $392K
+19%
Net-asset trend (YoY)
End of year $201K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $392K · Expenses $385K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $201K
Net-asset ratio
Net assets $201K · Total assets $201K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $201K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rich Davies · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $385K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $385K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 18%
Fundraising cost ratio 10%
Revenue growth -30%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$211K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$392K revenue · viewing · ⤓ 990 PDF
FY2023$560K revenue · ⤓ 990 PDF
FY2022$556K revenue · ⤓ 990 PDF
FY2021$192K revenue · ⤓ 990 PDF
FY2020$140K revenue · ⤓ 990 PDF
FY2019$125K revenue · ⤓ 990 PDF
FY2018$135K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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