Tennessee Bankers Association Inc
Nonprofit profile at a glance
- EIN
- 620379580
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Nashville, TN, USA
- Phone
- 6152444871
- Rating confidence
- Limited
Reported finances
- Revenue
- $6,890,989
- Expenses
- $6,625,911
- Assets
- $23,481,171
- Liabilities
- $2,697,824
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
37 people listed
Executive titles in this filing
- COLLIN B BARRETT (PRESIDENT)
- Sharon Justice-McCray (Senior Vice President of Human Resources and Facilities)
Highest reported compensation
- COLLIN B BARRETT (PRESIDENT): $555,068 total reported compensation
- AMY HEASLET (EXECUTIVE VP & GENERAL COUNSEL): $305,190 total reported compensation
- ANGELA D GRIFFIN (EXECUTIVE VP/CFO/TREASURER): $242,918 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
TBA serves as a trusted resource that elevates the banking industry through advocacy, education, strengthening relationships, and speaking as a unified voice.
What it reported doing in 2024
The Tennessee Bankers Association (TBA) is a trade association established to serve the needs of the state's banks, thrift institutions, and trust companies. Among other activities, the Association provides continuing education, develops and monitors state and federal legislative agendas, disseminates information on all facets of the financial services industry, and promotes the public image of financial institutions. Each year, the TBA conducts approximately 70 information, education, and training programs. Among these are the TBA Annual Meeting, Independent Bankers Division Convention, and the TBA Leadership Convention, held annually. The TBA conducts three banking schools-The Southeastern Schools of Banking, Commercial Lending, and Consumer Lending. These schools enroll students from around the Southeast and enjoy the endorsement of several other southeastern bankers associations. As today's financial industry grows, changes, and faces new challenges, so does the Tennessee Bankers Association. The TBA continually strives to evaluate, improve, and increase its programs and services to meet the needs of its member institutions.
Operating model
- Revenue model
- Other-operating. 90% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: 90
- Accountability: 98
- Sustainability: 52
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Pass
- 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: Yes; rating input score 100
Accountability
- Independent voting board: 96%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 9 of 9 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: 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: 3.8%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 3.54; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 26.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 24 of 25 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $555K · 37 people listed · 4 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.