Chattanooga Technology Council
EIN: 61661001 · Chattanooga, TN · NTEE: S03
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $250K |
| Net Assets | $31K |
Is Chattanooga Technology Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chattanooga Technology Council
Chattanooga Technology Council (EIN: 61661001) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code S03. The organization reported total revenue of $227K and total assets of $52K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chattanooga Technology Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chattanooga Technology Council is a small nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $240K |
| Total Expenses | $250K |
| Surplus / Deficit | $-9,987 |
| Total Assets | $37K |
| Total Liabilities | $6K |
| Net Assets | $31K |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, Chattanooga Technology Council reported a deficit of $10K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Chattanooga Technology Council's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | -4.4% | -33.6% |
| 2022 | +41.5% | +37.6% | -31.4% |
| 2021 | -32.5% | -21.6% | -46.8% |
| 2019 | +11.9% | +13.9% | +6.7% |
| 2018 | +2.0% | +12.3% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chattanooga Technology Council has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chattanooga Technology Council with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.9%.
Frequently Asked Questions about Chattanooga Technology Council
Is Chattanooga Technology Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Chattanooga Technology Council (EIN: 61661001) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chattanooga Technology Council spend its money?
Detailed spending breakdown data is not yet available for Chattanooga Technology Council. Check back for updated IRS 990 analysis.
Are donations to Chattanooga Technology Council tax-deductible?
Chattanooga Technology Council is registered as a tax-exempt nonprofit (EIN: 61661001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chattanooga Technology Council located?
Chattanooga Technology Council is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 61661001. It is classified under NTEE code S03.
How many years of IRS 990 filings does Chattanooga Technology Council have?
Chattanooga Technology Council has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $227K in total revenue.
Filing History
IRS 990 filing history for Chattanooga Technology Council showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Chattanooga Technology Council's revenue has grown by 191.6%, moving from $82K to $240K. Total assets decreased by 19.3% over the same period, from $45K to $37K. Total functional expenses rose by 62.9%, from $154K to $250K. In its most recent filing year (2023), Chattanooga Technology Council reported a deficit of $10K, with expenses exceeding revenue. The organization holds $6K in liabilities against $37K in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $240K | $250K | $37K | $6K | — | — |
| 2022 | $236K | $262K | $55K | $6K | — | View 990 |
| 2021 | $167K | $190K | $80K | $5K | — | View 990 |
| 2019 | $247K | $243K | $151K | $8K | — | View 990 |
| 2018 | $221K | $213K | $142K | $3K | — | View 990 |
| 2017 | $217K | $190K | $131K | $0 | — | View 990 |
| 2016 | $208K | $160K | $107K | $3K | — | View 990 |
| 2015 | $144K | $150K | $58K | $2K | — | View 990 |
| 2014 | $141K | $122K | $67K | $2K | — | View 990 |
| 2013 | $111K | $116K | $48K | $1K | — | View 990 |
| 2012 | $95K | $89K | $53K | $772 | — | View 990 |
| 2011 | $82K | $154K | $45K | $873 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $240K, expenses of $250K, and assets of $37K (revenue +1.8% year-over-year).
- 2022: Revenue of $236K, expenses of $262K, and assets of $55K (revenue +41.5% year-over-year).
- 2021: Revenue of $167K, expenses of $190K, and assets of $80K (revenue -32.5% year-over-year).
- 2019: Revenue of $247K, expenses of $243K, and assets of $151K (revenue +11.9% year-over-year).
- 2018: Revenue of $221K, expenses of $213K, and assets of $142K (revenue +2.0% year-over-year).
- 2017: Revenue of $217K, expenses of $190K, and assets of $131K (revenue +4.1% year-over-year).
- 2016: Revenue of $208K, expenses of $160K, and assets of $107K (revenue +44.4% year-over-year).
- 2015: Revenue of $144K, expenses of $150K, and assets of $58K (revenue +2.2% year-over-year).
- 2014: Revenue of $141K, expenses of $122K, and assets of $67K (revenue +27.3% year-over-year).
- 2013: Revenue of $111K, expenses of $116K, and assets of $48K (revenue +16.1% year-over-year).
- 2012: Revenue of $95K, expenses of $89K, and assets of $53K (revenue +15.7% year-over-year).
- 2011: Revenue of $82K, expenses of $154K, and assets of $45K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chattanooga Technology Council:
Data Sources and Methodology
This transparency report for Chattanooga Technology Council is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.