Civic Intelligence

Clinical Trials Network of Tennessee

990 • Fiscal year 2022 • EIN 82-3632649

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 05, 2023

910 Madison Ave Ste 608Memphis, TN 38163

(901) 866-1428

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.58x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

40th percentile

2.0%

Higher net margin than 40% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$145,861

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

86th percentile

41%

Faster asset growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

90%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$721,235

Up $209,369 (+41%) from 2021

Net Assets

Up

$303,171

Up $52,504 (+21%) from 2021

Liabilities

Up

$418,064

Up $156,865 (+60%) from 2021

Revenue

Up

$2,639,263

Up $1,252,150 (+90%) from 2021

Expenses

Up

$2,586,759

Up $1,026,961 (+66%) from 2021

Net Income

Up

$52,504

Up $225,189 (+130%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2018: $171,926Liabilities 2018: $51,899Net Assets 2018: $120,0272018Assets 2019: $404,142Liabilities 2019: $47,091Net Assets 2019: $357,0512019Assets 2020: $543,690Liabilities 2020: $120,338Net Assets 2020: $423,3522020Assets 2021: $511,866Liabilities 2021: $261,199Net Assets 2021: $250,6672021Assets 2022: $721,235Liabilities 2022: $418,064Net Assets 2022: $303,1712022Assets 2023: $448,219Liabilities 2023: $254,521Net Assets 2023: $193,6982023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$721,235
Liabilities$418,064
Net Assets$303,171

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $250,000Expenses 2018: $129,973Net Income 2018: $120,0272018Revenue 2019: $1,010,615Expenses 2019: $773,591Net Income 2019: $237,0242019Revenue 2020: $1,179,617Expenses 2020: $1,113,316Net Income 2020: $66,3012020Revenue 2021: $1,387,113Expenses 2021: $1,559,798Net Income 2021: -$172,6852021Revenue 2022: $2,639,263Expenses 2022: $2,586,759Net Income 2022: $52,5042022Revenue 2023: $2,488,939Expenses 2023: $2,598,412Net Income 2023: -$109,4732023Revenue 2024: $2,880,259Expenses 2024: $3,073,957Net Income 2024: -$193,6982024

Highlighted filing

2022

Revenue$2,639,263
Expenses$2,586,759
Net Income$52,504
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 5, 2023
Return Version
2021v4.0
Gross Receipts
$2,639,263
Mission and Program Overview

Mission

Ctn2's mission is to advance research for the university of tennessee by aggregating and supporting research conducted by ut faculty investigators across the state of tennessee. As a site management organization, ctn2 provides clinical trial related services to sponsors in search of access to multiple sites, and clinical trial related services to sites within the ctn2 network such as enterprise data warehousing, clinical trial budgeting and contracting, institutional review board facilitation, site management, site quality assurance, and sponsor relationship management.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$365,125$592,770▲ $227,645
Cash and Non-Interest-Bearing Accounts$133,245$114,928▼ $18,317
Prepaid Expenses and Deferred Charges$13,496$13,537▲ $41
Total Assets$511,866$721,235▲ $209,369
Liabilities
Accounts Payable and Accrued Expenses$261,199$418,064▲ $156,865
Total Liabilities$261,199$418,064▲ $156,865
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$250,667$303,171▲ $52,504
Total Net Assets Fund Balance$250,667$303,171▲ $52,504
Total Liabilities and Net Assets / Fund Balance$511,866$721,235▲ $209,369
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sandra DoddSite LiaisonPT$127,427$18,434$145,861
Lokesh ChinthalaEdw Speciali-$119,691$5,209$124,900
Phil CestaroExecutive Di-$118,152-$118,152

Board Members and Trustees

NameTitle
Dr Sam Dagogo-jackPresident
Dr Steven GoodmanPresident
Amanda NolteBoard Member
Dr Andrew GriffithBoard Member
Dr Anil ShankerBoard Member
Dr Brad CanadaBoard Member
Dr Frank McgrewBoard Member
Dr Geoffrey SmallwoodBoard Member
Dr Giuseppe PizzornoBoard Member
Dr James BeatyBoard Member
Dr Maggie DebonBoard Member
Dr Martin CroceBoard Member
Dr Peter BuckleyBoard Member
Dr Richard MagidBoard Member
Dr Steve RossBoard Member
Dr Sue TheusBoard Member
Eric SchnappBoard Member
Wiliam MasonGeneral Coun
Dr Frank McgrewReg Medical
Dr Geoffrey SmallwoodReg Medical
Dr Giuseppe PizzornoReg Medical

Highest Paid Contractors

ContractorServicesLocationCompensation
Saint Thomas HealthSite Payments4220 HARDING PIKE, Nashville, TN 37205$327,422
West Clinic PCSite Payments7495 WOLF RIVER BLVD, Germantown, TN 38138$304,565
Regional One Health ResearchSite Payments877 JEFFERSON AVE, Memphis, TN 38103$276,950
Kennerly Montgomery & FinleyLegal550 W MAIN STREET, Knoxville, TN 37902$170,844
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,000
Program Service Revenue
$1,639,263
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$52,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,902,735
Salaries, Compensation, and Employee Benefits$684,024
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$582,803--$582,803
Fees for Services Legal$144,693--$144,693
Other Employee Benefits$58,165--$58,165
Fees for Services Management-$50,000-$50,000
Payroll Taxes$43,056--$43,056
Insurance$20,122--$20,122
Information Technology$14,004--$14,004
Occupancy$5,700--$5,700
Office Expenses$3,371--$3,371
All Other Expenses$1,650--$1,650
Other Expenses$1,421--$1,421
Fees for Services Accounting-$1,000-$1,000
Advertising$694--$694
Total Functional Expenses$2,535,759$51,000$0$2,586,759
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's process for reviewing the 990 is for the president and executive director to review.

Form 990, Page 6, Part VI, Line 12C

General counsel sends out and ensures all responses are received and reviewed.

Form 990, Page 6, Part VI, Line 19

The organization's governming documents and financial statements are available for review by the public upon request.

Filing and Contact Details

Filer

Filer Name
Clinical Trials Network of
EIN
82-3632649
Phone
9018661428
Address
910 MADISON AVE STE 608, MEMPHIS, TN 38163

Signing Officer

Name
Dr Sam Dagogo-jack
Title
President
Phone
4233594217
Signed
2023-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Sam Dagogo-jack
Formed
2017
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
16
Employees
6

Preparer

Firm
Rodefer Moss & Co Pllc
Address
129 W DEPOT ST STE 1, GREENEVILLE, TN 37743
Preparer
Curtis H Morrison
Phone
4236388144
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Ctn2's mission is to advance research for the university of tennessee by aggregating and supporting research conducted by ut faculty investigators across the state of tennessee. As a site management organization, ctn2 provides clinical trial related services to sponsors in search of access to multiple sites, and clinical trial related services to sites within the ctn2 network such as enterprise data warehousing, clinical trial budgeting and contracting, institutional review board facilitation, site management, site quality assurance, and sponsor relationship management.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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