Tennessee Higher Education Initiative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 72,206 | 51,471 | 20,735 | 5.4 | — |
| 2015 | 105,519 | 85,118 | 20,401 | 6.1 | — |
| 2016 | 192,641 | 230,766 | −38,125 | 0.3 | — |
| 2017 | 376,108 | 379,758 | −3,650 | 0.3 | 37% |
| 2018 | 384,215 | 397,722 | −13,507 | -0.1 | 30% |
| 2019 | 538,807 | 421,695 | 117,112 | 3.2 | 33% |
| 2020 | 962,644 | 881,359 | 81,285 | 2.6 | 42% |
| 2021 | 1,064,229 | 1,006,596 | 57,633 | 3.0 | 52% |
| 2022 | 885,125 | 1,087,772 | −202,647 | 0.5 | 61% |
| 2023 | 1,218,262 | 1,298,455 | −80,193 | -0.3 | 58% |
In its most recent public year (2023), this organization spent $80,193 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.3 months), down from 5.4 in 2014. Staff pay was 58% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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