MEMPHIS BUSINESS ACADEMY INC

EIN: 201195290 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$25,554,680
Total Expenses
$24,975,729
Total Assets
$41,343,323
Net Assets
$25,049,089
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TN
Principal Officer
NANCY S REEVES
Phone
9013581651
Tax Period
2024-07-01 to 2025-06-30

MEMPHIS BUSINESS ACADEMY INC, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $25.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

MEMPHIS BUSINESS ACADEMY IS A PUBLIC CHARTER SCHOOL AUTHORIZED BY THE SHELBY COUNTY SCHOOLS BOARD OF EDUCATION. THE MISSION OF THE SCHOOL IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN MATH, SCIENCE, SOCIAL STUDIES AND LANGUAGE ARTS WITH A BUSINESS/FINANCE EMPHASIS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,934,035
Program Service Revenue $302,481
Investment Income $245,535
Other Revenue $72,629
TOTAL REVENUE $25,554,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,566,642
Fundraising Expenses $0
Program Expenses $15,076,258
Other Expenses $7,409,087
TOTAL EXPENSES $24,975,729

Year-over-Year Comparison

2024 2023 Change
Revenue $25,554,680 $27,944,632 -0.1%
Expenses $24,975,729 $25,837,211 0.0%
Net Income $578,951 $2,107,421 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
329
Volunteers
12

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
5
$556,891
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACHARY BEASLEY SECRETARY 5.00
Officer Director
$0 $0 $0
SIRGREGORY THORNTON BOARD CHAIRMAN 5.00
Officer Director
$0 $0 $0
TONY REEDER TRUSTEE 1.00
Director
$0 $0 $0
JOSE CASTRO TRUSTEE 1.00
Director
$0 $0 $0
ALICIA CALDWELL TRUSTEE 1.00
Director
$0 $0 $0
YOLANDA COX TRUSTEE 1.00
Director
$0 $0 $0
MARTIN MCCAIN TRUSTEE 1.00
Director
$0 $0 $0
BRIANN GIBSON TRUSTEE 1.00
Director
$0 $0 $0
NANCY S REEVES CFO 40.00
Officer
$132,190 $0 $132,190
REV ANTHONY ANDERSON CO-CEO 40.00
Officer
$204,340 $36,781 $241,121
APRIL BOBO CO-CEO 40.00
Officer
$155,576 $28,004 $183,580
SYLVIA GRAY DIRECTOR OF COMPLIANCE 1.00
Highest
$112,533 $20,256 $132,789
TAMATHA SMITH SCHOOL LEADER 40.00
Highest
$121,130 $7,268 $128,398
GERMAINE THURMAN CHIEF OF ACADEMIC OFFICER 40.00
Highest
$114,885 $20,679 $135,564
TAMIRA MAGEE SCHOOL LEADER 40.00
Highest
$111,322 $20,038 $131,360
MENTHIA BRADLEY DIRECTOR OF PRE-K AND HUMAN RESOURCES 40.00
Highest
$125,144 $22,526 $147,670
NOAH GORDON SCHOOL LEADER 40.00
Highest
$110,531 $19,896 $130,427
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 $25,554,680 $24,975,729 $41,343,323 $578,951
2024 $27,944,632 $25,837,211 $40,313,462 $2,107,421
2023 $25,443,148 $23,477,775 $39,379,607 $1,965,373
2022 $24,582,080 $19,834,000 $45,128,254 $4,748,080
2021 $21,343,740 $16,936,074 $29,884,603 $4,407,666
2019 $16,716,492 $15,013,220 $21,257,252 $1,703,272
2018 $14,294,578 $13,595,493 $15,667,725 $699,085
Explore More Nonprofits
Top 100 Nonprofits in Tennessee Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MEMPHIS BUSINESS ACADEMY INC with other nonprofits in Tennessee and across the country.