Special Olympics Tennessee Inc

Nonprofit profile at a glance

EIN
237348136
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Brentwood, TN, USA
Phone
6153291375
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$3,955,010
Expenses
$3,793,484
Assets
$7,932,187
Liabilities
$995,317

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

Leadership & pay

22 people listed

Executive titles in this filing

  • ADAM R GERMEK (PRESIDENT)

Highest reported compensation

  • ADAM R GERMEK (PRESIDENT): $165,589 total reported compensation

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

Overview

Mission

To provide year-round sports training and athletic competition in a variety of olympic-type sports for children and adults with intellectual disabilities, giving them continuing opportunities to develop physical fitness, demonstrate courage, experience joy and participate in a sharing of gifts, skills and friendship with their families, other special olympic athletes and the community.

What it reported doing in 2024

Special olympics Tennessee offers training and competition in 17 different sports throughout the year. The program includes 36 area programs managed by volunteer leadership teams that encompass all counties in the state of Tennessee. Combined, these area programs reach over 17,000 registered athletes each year. In local communities, athletes are recruited, trained, and provided local competition opportunities. Eight state-level games and tournaments, which include all 17 of the sports, are conducted annually. USA national games and world games are held every four years, alternating every two years between summer and winter games. In addition to 'traditional' special olympics sports, 'unified sports' divisions are offered in 8 sports whereby athletes with and without disabilities play as teammates. This 'inclusion' program fosters understanding, acceptance and friendships as the players practice, travel and compete together. Additionally, special olympics today conducts healthy athletes activities including screening programs in vision (athletes are given glasses if needed), dental and hearing screenings (all programs are donated by professional organizations), and fitness and nutritional education. 'athlete leadership' programs conducted by special olympics empower athletes by offering opportunities to become coaches themselves through certified coaches training schools, public speakers training, and serving on local management teams as well as the state's board of directors. Unified champion schools is special olympics Tennessee's 'youth movement' in public and private schools which brings together students with and without disabilities to advocate for greater community inclusion of all persons with disabilities. Special olympics Tennessee currently has over 120 sanctioned unified champion schools within Tennessee. Special olympics Tennessee also offers a young athletes program for families with children ages 2 to 12 years which introduces basic sport skills, like running, kicking and throwing. Young athletes offers families, teachers, caregivers and people from the community the chance to share the joy of sports with all children.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 87.3%; rating input score 87
  • Fundraising efficiency: $10.86 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 4.1%; rating input score 48; 48th percentile among comparable filings
  • Total-asset coverage ratio: 2.09; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 4.4%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 87.3% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3.3M in reported program spending
  • Leadership: top reported pay $166K · 22 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • Moderate — Sustainability: Operating margin scored 48/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.