Tennessee Higher Education Initiative Inc
EIN: 454531767 · Nashville, TN · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $1.3M |
| Net Assets | $-31,376 |
Is Tennessee Higher Education Initiative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tennessee Higher Education Initiative Inc
Tennessee Higher Education Initiative Inc (EIN: 454531767) is a nonprofit organization based in Nashville, TN, classified under NTEE code B82. The organization reported total revenue of $2.9M and total assets of $646K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tennessee Higher Education Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tennessee Higher Education Initiative Inc is a mid-size nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 36.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-80,193 |
| Total Assets | $17K |
| Total Liabilities | $49K |
| Net Assets | $-31,376 |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 281.3% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Tennessee Higher Education Initiative Inc reported a deficit of $80K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 281.3% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Tennessee Higher Education Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 36.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.6% | +19.4% | -71.0% |
| 2022 | -16.8% | +8.1% | -81.3% |
| 2021 | +10.6% | +14.2% | +55.1% |
| 2020 | +78.7% | +109.0% | +82.7% |
| 2019 | +40.2% | +6.0% | +222.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tennessee Higher Education Initiative Inc 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 Tennessee Higher Education Initiative Inc 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 $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 281.3%.
Frequently Asked Questions about Tennessee Higher Education Initiative Inc
Is Tennessee Higher Education Initiative Inc a legitimate charity?
Tennessee Higher Education Initiative Inc (EIN: 454531767) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. Financial health grade: D.
How does Tennessee Higher Education Initiative Inc spend its money?
Tennessee Higher Education Initiative Inc reported $2.9M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tennessee Higher Education Initiative Inc tax-deductible?
Tennessee Higher Education Initiative Inc is registered as a tax-exempt nonprofit (EIN: 454531767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tennessee Higher Education Initiative Inc located?
Tennessee Higher Education Initiative Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 454531767. It is classified under NTEE code B82.
How many years of IRS 990 filings does Tennessee Higher Education Initiative Inc have?
Tennessee Higher Education Initiative Inc has 10 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for Tennessee Higher Education Initiative Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Tennessee Higher Education Initiative Inc's revenue has grown by 1587.2%, moving from $72K to $1.2M. Total assets decreased by 25.2% over the same period, from $23K to $17K. Total functional expenses rose by 2422.7%, from $51K to $1.3M. In its most recent filing year (2023), Tennessee Higher Education Initiative Inc reported a deficit of $80K, with expenses exceeding revenue. The organization holds $49K in liabilities against $17K in assets (debt-to-asset ratio: 281.3%), resulting in net assets of $-31,376.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $17K | $49K | — | — |
| 2022 | $885K | $1.1M | $60K | $11K | — | View 990 |
| 2021 | $1.1M | $1.0M | $319K | $67K | — | View 990 |
| 2020 | $963K | $881K | $206K | $12K | — | View 990 |
| 2019 | $539K | $422K | $113K | $0 | — | View 990 |
| 2018 | $384K | $398K | $35K | $39K | — | View 990 |
| 2017 | $376K | $380K | $59K | $51K | — | View 990 |
| 2016 | $193K | $231K | $51K | $46K | — | View 990 |
| 2015 | $106K | $85K | $44K | $780 | — | View 990 |
| 2014 | $72K | $51K | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $17K (revenue +37.6% year-over-year).
- 2022: Revenue of $885K, expenses of $1.1M, and assets of $60K (revenue -16.8% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.0M, and assets of $319K (revenue +10.6% year-over-year).
- 2020: Revenue of $963K, expenses of $881K, and assets of $206K (revenue +78.7% year-over-year).
- 2019: Revenue of $539K, expenses of $422K, and assets of $113K (revenue +40.2% year-over-year).
- 2018: Revenue of $384K, expenses of $398K, and assets of $35K (revenue +2.2% year-over-year).
- 2017: Revenue of $376K, expenses of $380K, and assets of $59K (revenue +95.2% year-over-year).
- 2016: Revenue of $193K, expenses of $231K, and assets of $51K (revenue +82.6% year-over-year).
- 2015: Revenue of $106K, expenses of $85K, and assets of $44K (revenue +46.1% year-over-year).
- 2014: Revenue of $72K, expenses of $51K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tennessee Higher Education Initiative Inc:
Data Sources and Methodology
This transparency report for Tennessee Higher Education Initiative Inc 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.