Three Roots Capital
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Provides capital and advice to help businesses succeed. For fiscal year 2024 it reported $6.8M in revenue, $3.9M in expenses, and $9.5M in net assets.Pt I
Summary of the Filing
Where the work happens
Loan and Investment Programs
Three roots capital makes loans and investments to qualified companies and projects in underserved and distressed areas of east tennessee and broader southern and central appalachia. In addition to satisfying underwriting requirements, companies and projects must provide a measurable positive community impact or outcome.
Business Coaching
Three roots capital provides business coaching to client companies and community partners through technical assistance, mentorship, coaching, and other engagement activities.
Capital Services
Three roots capital provides professional services to impact-focused and community development focused private equity and venture capital funds. This activiity includes administration, business development, compliance, due diligence, portfolio management, and reporting.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Grady Vanderhoofven’s $565K as President & CEO is at the 98th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 4 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Grady Vanderhoofven | $565,384 | $398,772 | $338,825 | $356,034 | $261,185 |
| Chris Miller | $264,143 | $198,925 | $160,333 | $178,099 | $189,651 |
| Dennis Corley Director of Small | $174,802 | — | — | — | — |
| Dennis Corley | — | $157,924 | $135,565 | $142,495 | $135,522 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 87% | — | — |
| Overhead ratio | 13% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 82% | — | — |
| Legal fee ratio | 1% | — | — |
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.
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Filings & Schedule Manifest
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