The Power Center Community Development Corporation

EIN: 201578885 501(c)(3) Human Services

MEMPHIS, TN

Total Revenue
$2,220
Total Expenses
$51,642
Total Assets
$289,625
Net Assets
$253,025
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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
2004
Legal Domicile
TN
Principal Officer
Stacy Spencer
Phone
9013336805
Tax Period
2024-01-01 to 2024-12-31

The Power Center Community Development Corporation, founded in 2004, is a micro nonprofit in the Human Services sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $52K exceeded revenue, resulting in a 2226% operating deficit.

Mission

To promote inclusive community development, focusing on ensuring fair access to housing, healthcare, education, and economic opportunities for Hickory Hill and its neighboring areas.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,220
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $248
Program Expenses $41,762
Other Expenses $51,642
TOTAL EXPENSES $51,642

Year-over-Year Comparison

2024 2023 Change
Revenue $2,220 $22,200 -0.9%
Expenses $51,642 $27,576 +0.9%
Net Income $-49,422 $-5,376 +8.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
10

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Stacey L Spencer President N/A
$0 $0 $0
Patrick Carter III Board Member N/A
$0 $0 $0
Brody Wamble Board VP N/A
$0 $0 $0
DrMarquetta Nebo Secretary N/A
$0 $0 $0
Jacquelyn Johnson Board Member N/A
$0 $0 $0
Dr Steve Ballard Board Member N/A
$0 $0 $0
Sondretta Green Board Member/ Treasurer-Elect N/A
$0 $0 $0
Anterrial Harris Board Member N/A
$0 $0 $0
Rodney Brooks Board Member N/A
$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
2024 $2,220 $51,642 $289,625 $-49,422
2023 $22,200 $27,576 $372,522 $-5,376
2022 $332,977 $110,350 $422,094 $222,627
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