Chattanooga Quantum Collaborative
Nonprofit profile at a glance
- EIN
- 933260008
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990 2024, Form 990-EZ 2025, Form 990-T 2025
- Location
- Chattanooga, TN, USA
- Phone
- 4234006420
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Computer Science
Reported finances
- Revenue
- $136,476
- Expenses
- $317,188
- Assets
- $142,190
- Liabilities
- $206,439
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CHARLIE BROCK (CEO)
People named in this filing
- TIM KELLY (DIRECTOR)
- BOB CORKER (DIRECTOR)
- DAVID WADE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To leverage quantum resources and mobilize diverse partnerships for the benefit of the region's people, businesses and communities.
What it reported doing in 2025
Developing plans, programs and partnerships to generate economic and workforce development gains for our community from quantum technology. Working with partners/founding members to seek federal gov't grants to support programs in our education system to bring awareness and training to students and faculty.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 11
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -132.4%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0.45; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 1.45; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 48.3%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: 97.5% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 47% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $317K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 5/100.