Tellico Village Property Owners Assocation Inc

Nonprofit profile at a glance

EIN
621270164
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Loudon, TN, USA
Phone
8654585408
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeowners & Tenants Associations

Official website

Reported finances

Revenue
$44,990,717
Expenses
$33,705,340
Assets
$68,527,503
Liabilities
$17,542,292

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

Leadership & pay

13 people listed

Executive titles in this filing

  • STEVE SCHNEIDER (VICE PRESIDENT)
  • BOB BRUNETTI (PRESIDENT)
  • CHESTER PILLSBURY (CEO)
  • WINSTON BLAZER (FORMER CEO)

Highest reported compensation

  • MITZI LANE (COO): $254,055 total reported compensation
  • CHESTER PILLSBURY (CEO): $205,895 total reported compensation
  • MARY BETH KUBERKA (CHIEF DEVELOPMENT OFFICER): $187,479 total reported compensation

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

Overview

Mission

Social welfare organization - see line 4a below.

What it reported doing in 2024

The tellico village property owners association (tvpoa) is operated exclusively for the promotion of the common good and general welfare of the people in the community for their personal use and enjoyment. The organization serves greater than 10,000 diversified property owners. Tvpoa provides many fitness and wellness programs for its members as well as a wide variety of clubs, recreational and volunteer programs. Tvpoa maintains more than 110 miles of roads and their associated right of ways for the community and operates its own water and sewer systems. Also within the boundaries of the village are over 1,700 acres of green space/common areas. The association also provides and maintains three championship golf courses, marinas, dining facilities, and tennis and pickleball courts for use by its property owners.

Operating model

Revenue model
Other-operating. 84% of the money available for current operations came from other operating revenue.
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. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 82
  • Accountability: 95
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.2%; rating input score 69
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.1%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 7.8% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 69.2% of revenue deployed · 90.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $30.6M in reported program spending
  • Leadership: top reported pay $254K · 13 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • 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.

  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.