MEMNOSYNE INSTITUTE INC (EIN 204064644) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

PHILLIP COLLINS

Phone

2142398112

Tax Period

2023-01-01 to 2023-12-31

MEMNOSYNE INSTITUTE INC, founded in 2006, is a small nonprofit in the Education sector that reported $694K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $626K left a modest 10% surplus.

Mission

EMPOWER PEOPLE FROM ALL WALKS OF LIFE BY CREATING PROGRAMS, FORUMS,AND CENTERS THAT SERVE THE GLOBAL COMMUNITY AND ENCOURAGES RESPONSE TOGLOBALIZATION WITH A CONCIOUS, COLLABORATIVE PERSPECTIVE THAT SEEKS TO DISCOVER

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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 (2023)

Revenue Breakdown

Contributions & Grants $658,824

Program Service Revenue $1,377

Investment Income $33,974

Other Revenue $0

TOTAL REVENUE $694,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,584

Fundraising Expenses $0

Program Expenses $327,950

Other Expenses $335,749

TOTAL EXPENSES $626,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$694,175	$626,703	+0.1%
Expenses	$626,333	$639,240	0.0%
Net Income	$67,842	$-12,537	-6.4%

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

$130,000

Total Directors

$130,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SULAIMAN HEMANI	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY GOMEZ	DIRECTOR	2.00	Director	$0	$0	$0
TANIA ARRAYALES RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
REV HIROMI YANO	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD L MAULDIN	DIRECTOR	2.00	Director	$0	$0	$0
KUNAL SOOD	DIRECTOR	2.00	Director	$0	$0	$0
KALU KALU UGWUOMO	DIRECTOR	2.00	Director	$0	$0	$0
MARY ANN THOMPSON-FRANK	PRESIDENT	35.00	Officer Director	$0	$0	$0
JOSHUA FRANK	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
CONSTANCE HARGIS	TREASURER	35.00	Officer Director	$45,000	$0	$45,000
PHILLIP COLLINS	EXECUTIVE DIRECTOR	40.00	Officer Director	$85,000	$0	$85,000

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
2023	$694,175	$626,333	$142,974	$67,842
2022	$626,703	$639,240	$62,927	$-12,537
2021	$656,975	$602,662	$75,759	$54,313
2020	$845,884	$958,224	$140,171	$-112,340
2019	$575,000	$670,275	$144,383	$-95,275

MEMNOSYNE INSTITUTE INC