Martin Methodist Foundation

Nonprofit profile at a glance

EIN
620483210
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Nashville, TN, USA
Phone
6159695327
Rating confidence
Limited
Sector
Community or Junior Colleges
Affiliation
Christianity

Reported finances

Revenue
$0
Expenses
$0
Assets
$13,155,322
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • BYRON TRAUGER (TRUSTEE)
  • TIM UNDERWOOD (TRUSTEE)
  • RICHARD WARREN (CHAIRMAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The retention and management of the martin methodist college endowment by the existing martin methodist college (now martin methodist foundation) are to be used for charitable purposes acceptable to teh Tennessee conference of the united methodist church.

What it reported doing in 2024

On july 1, 2021, an asset transfer and transition agreement was made between the college and the university of Tennessee. The agreement enabled the university of Tennessee to absorb the college's institutional assets and operations for the purpose of establishing a new campus of the university of Tennessee, southern. The general assembly of the state of Tennessee approved the new campus and related transactions on april 29, 2021, effective july 1, 2021. Effective november 4, 2024, the martin methodist foundation is now under common control and consolidated with the Tennessee-western Kentucky conference of the united methodist church.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 77
  • Accountability: 100
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 5th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -15% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -10.4% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: -6.1% per year; rating input score 0; 19th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 3 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.