MEMPHIS GRIZZLIES PREPARATORY CHAR… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

TIM WARE

Phone

9014740955

Tax Period

2024-07-01 to 2025-06-30

MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC, founded in 2003, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

EDUCATING YOUNG MEN IN GRADES SIX THROUGH EIGHT, MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL PREPARES ALL STUDENTS TO EXCEL ACADEMICALLY. WITHIN A RIGOROUS AND DISCIPLINED MIDDLE SCHOOL, STUDENTS BECOME EQUIPPED FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE.

Program Service Accomplishments

Program 1

Expenses: $3,826,634 Revenue: $123,455

OPERATION OF A CHARTER SCHOOL FOR YOUNG MEN IN GRADES FIVE THROUGH EIGHT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,259,402

Program Service Revenue $123,455

Investment Income $14,178

Other Revenue $0

TOTAL REVENUE $4,397,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,308,723

Fundraising Expenses $0

Program Expenses $3,826,634

Other Expenses $1,409,239

TOTAL EXPENSES $4,717,962

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,397,035	$5,137,775	-0.1%
Expenses	$4,717,962	$5,115,871	-0.1%
Net Income	$-320,927	$21,904	-15.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$225,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENDA YARBROUGH	SECRETARY	5.00	Officer Director	$0	$0	$0
LOU ARRINDELL	DIRECTOR	1.00	Director	$0	$0	$0
CHANNIN COCHRAN	DIRECTOR	1.00	Director	$0	$0	$0
TRACEE WALLS	CO-CHAIRMAN	1.00	Director	$0	$0	$0
MICHAEL WALLACE	CO-CHAIRMAN	1.00	Director	$0	$0	$0
AMBER GARRET	DIRECTOR	1.00	Director	$0	$0	$0
DORSEY HOPSON II ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOT PERRY	DIRECTOR	1.00	Director	$0	$0	$0
AVIS ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
WILL ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
TIM WARE	EXECUTIVE DIRECTOR	40.00	Officer	$204,213	$21,545	$225,758
JOHN MCGREGER	DIRECTOR OF FINANCE & OPERATIONS	40.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$4,397,035	$4,717,962	$2,558,381	$-320,927
2024	$5,137,775	$5,115,871	$2,879,831	$21,904
2023	$5,464,730	$5,333,214	$3,013,167	$131,516
2022	$5,461,685	$4,969,910	$4,228,946	$491,775
2021	$4,080,567	$4,085,461	$2,140,311	$-4,894
2020	$4,447,736	$3,772,293	$2,325,833	$675,443
2019	$3,908,603	$3,797,516	$1,583,742	$111,087
2018	$3,342,865	$3,377,920	$1,505,655	$-35,055

MEMPHIS GRIZZLIES PREPARATORY CHARTER SCHOOL INC