Within our guardianship/conservatorship program, to serve persons with disabilities who may be facing declining physical and mental health and limitations such as poor living conditions, dwindling finances and social isolation.
Within our trust program, to provide trust beneficiaries with disabilities and their families competent and caring administration of trusts administered in such a way as to enhance other income and benefits available for support.
Two most significant goals for the current year:
1. To continue to provide competent and caring fiduciary services to persons without the friends, family or other supports to provide such services.
2. To continue to work with local support agencies to provide the least restrictive, best care for persons with mental limitations.
Two most significant accomplishments of the past year:
1. Attained low cost or pro bono legal services for those customers without the resources to find such representations for themselves.
2. Continued education of staff in fiduciary management.
Guardianship and Trust Corporation’s (“GTC’s “) guardianship/conservator program provides a safety net for those in our community who often have little or no resources but require significant financial, medical and legal oversight and care. GTC’s trust program provides financial management and investment services to disabled individuals unable to handle their own finances. GTC has excelled in providing these services through the active participation of the volunteer board and the increasing talents and expertise of its staff. With increased education, cross-training, and experience, the GTC staff continues to improve their ability to serve the financial, medical, social, and legal needs of its clients.
The talents of its diverse staff and the contributions of the volunteer board give GTC the competitive advantage for continued financial stability. GTC works through its Executive, Clinical Issues, Trusts, Personnel, and Development Committees to give its staff the resources and tools that enable them to provide the critical services its clients need while raising the funds necessary to continue to serve those clients in the future. GTC has grown as a result of the staff’s increasing productivity, aggressively soliciting new sources of funding, accepting heavier caseloads, and generating increasing fee revenue. GTC seeks donor funding from multiple sources including private gifts and grants, and also generates fee for service revenue on behalf of those clients who can pay for GTC services. GTC’s revenues have consistently increased over the years based on the increased experience of its staff, allowing GTC to seek higher fees and creating the foundation for revenue growth.
Ms. Mitchell, who has been with GTC since 1998; previously serving as Associate Executive Director and Director of Social Service until she became Executive Director of the agency in 2008. Prior to joining GTC, she was employed by Mental Health Cooperative, Nashville. She is a graduate of Cumberland University, where she earned a Master of Science degree in Public Service Management. Prior to that, she received a Bachelor of Science degree in Social Work from Middle Tennessee State University. Ms. Mitchell has been a National Certified Guardian with the Center for Guardianship Certification since 1999.
Indirect Public Support HelpIndirect public support represents revenue received through solicitation campaigns. This includes funding United Way and other federated fundraising organizations, but does not include donor designated contributions.
Earned Revenue HelpEarned revenue represents income generated in direct exchange for a product or service.Earned income includes income from government contracts.
GTC receives income from diverse sources including individual donations, foundation and corporate grants, and United Way. Earnings from fiduciary fees, most of which are subject to court approval, account for the greater part of revenues. Due to extensive reporting and oversight requirements, the necessity of frequent court appearances, and the necessity of maintaining a professional and highly trained staff, the services we provide, particularly to the indigent, unavoidably result in substantial administrative costs. Nevertheless, fees charged to those who can afford them remain modest by community standards. The flexibility afforded by the small staff and an active volunteer board have thus far allowed GTC to maintain a modest reserve. Yearly financial results shown on the audit and 990 are calculated according to the accrual, rather than the cash accounting method. Fiduciary work performed for fee-paying clients but not collected for, or in many cases, even billed at the close of the fiscal year are calculated in accrual income for the year as receivables. In some cases, payment on a receivable is not expected for some months or even years. Profit and loss in any given year is in large part a function of the increase or decrease in receivables; consequently, results shown on the audit and 990 do not give an accurate picture of actual cash profits and losses for that year. The GTC Board relies almost entirely on the cash accounting method in making and tracking its budget because it accurately reflects actual results. Operating budget figures shown are calculated according to the cash method and do not necessarily reflect activity in reserve and grant accounts.
“I’ve never shared my story with anybody.” -- The first step toward recovery can be the most difficult. The ability to engage in productive activities, to find relationships with other people fulfilling, and to adapt to change and cope with adversity are each vital to enjoying a happy and healthy life. But each of these facilities can be significantly impaired by mental health disorders. A mental health diagnosis should not define who a person is, or what a person can achieve through treatment and support. Middle Tennessee nonprofit organizations are ready to help make that first step toward good health a little easier.
Copyright © 2014 The Community Foundation of Middle Tennessee
3833 Cleghorn Avenue, Nashville, TN 37215