MEMPHIS CHAMBER FOUNDATION (EIN 237057855) - 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

1969

Legal Domicile

Principal Officer

TED FERRIS

Phone

9015433535

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS CHAMBER FOUNDATION, founded in 1969, is a small nonprofit in the Housing & Shelter sector that reported $315K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $294K, a strong 93% operating margin.

Mission

THE ADVANCEMENT OF EDUCATION OR SCIENCE LESSENING THE BURDENS OF GOVERNMENT; LESSENING OF NEIGHBORHOOD TENSIONS; ELIMINATION OF PREJUDICE AND DISCRIMINATION, AND COMBATING COMMUNITY DETERIORATION. ALSO, PROMOTION OF THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, FINANCE, EDUCATION AND TRAINING, SCIENCE AND TECHNOLOGY AS THEY RELATE TO THE COMMUNITY, THE REGION, AND THEIR PROBLEMS AND OPPORTUNITIES, THROUGH 1) THE UNDERTAKING OF STUDIES AND RESEARCH, COMPILATION OF RESULTS, AND PUBLICATION THEROF THROUGH ANY APPROPRIATE MEDIA; 2) THE CONDUCT OF TRAINING COURSES, SEMINARS, DISCUSSION GROUPS, FORUMS, PANELS, OR LECTURES, AND THE LIKE; 3) ANY ACTIVITY WHICH TENDS TO PROMOTE UNDERSTANDING, UNIFICATION, OR IMPROVED RELATIONSHIP BETWEEN DIFFERENT ECONOMIC OR ETHNIC GROUPS.

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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 $305,466

Program Service Revenue $6,500

Investment Income $2,697

Other Revenue $0

TOTAL REVENUE $314,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,988

Other Expenses $20,988

TOTAL EXPENSES $20,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$314,663	$266,946	+0.2%
Expenses	$20,988	$311,534	-0.9%
Net Income	$293,675	$-44,588	-7.6%

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

N/A

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

$650,860

Total Directors

$276,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE GREGORY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREGORY DUCKETT	SECRETARY	1.00	Officer Director	$0	$0	$0
TED FERRIS	TREASURER	1.00	Officer Director	$0	$40,074	$276,233
DOTTY GIUSTI	DIRECTOR	1.00	Director	$0	$0	$0
RUBY HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
DUNCAN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TED TOWNSEND	PRESIDENT	40.00	Officer	$0	$48,815	$374,627

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	No data	No data	No data	No data
2023	$314,663	$20,988	$2,499,988	$293,675
2022	$266,946	$311,534	$1,833,165	$-44,588
2021	$105,515	$176,882	$381,797	$-71,367
2020	$1,629,596	$1,671,472	$896,878	$-41,876
2019	$218,468	$219,169	$243,847	$-701
2018	$742,031	$854,774	$299,174	$-112,743

MEMPHIS CHAMBER FOUNDATION