MEMPHIS RECOVERY CENTERS INC

EIN: 237067459 501(c)(3) Mental Health

MEMPHIS, TN

Total Revenue
$4,657,941
Total Expenses
$3,915,496
Total Assets
$4,616,326
Net Assets
$4,373,095
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
TN
Principal Officer
MIKE MCLOUGHLIN
Phone
9012727751
Tax Period
2023-07-01 to 2024-06-30

MEMPHIS RECOVERY CENTERS INC, founded in 1970, is a community nonprofit in the Mental Health sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $742K, a strong 16% operating margin.

Mission

MEMPHIS RECOVERY CENTERS, INC. (MRC) PROVIDES COMPASSIONATE TREATMENT SERVICES FOR YOUTH AND ADULTS SUFFERING FROM SUBSTANCE ADDICTION AND CO-OCCURRING DISORDERS, UTILIZING PROFESSIONAL METHODS TO IMPROVE SPIRITUAL, PHYSICAL, EMOTIONAL, SOCIAL AND OCCUPATIONAL WELL-BEING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $152,113
Program Service Revenue $4,307,689
Investment Income $198,139
Other Revenue $0
TOTAL REVENUE $4,657,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,009,613
Fundraising Expenses $0
Program Expenses $3,595,037
Other Expenses $905,883
TOTAL EXPENSES $3,915,496

Year-over-Year Comparison

2023 2022 Change
Revenue $4,657,941 $3,295,122 +0.4%
Expenses $3,915,496 $3,903,451 +0.0%
Net Income $742,445 $-608,329 -2.2%
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

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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
11
Independent Members
10
Employees
76
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
2
$394,987
Total Directors
11
$152,480
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT DAWSON BOARD MEMBER 1.00
Director
$0 $0 $0
CONI JOHNSTON BOARD PRESIDENT 1.00
Director
$0 $0 $0
RICHARD WEBB TREASURER 1.00
Director
$0 $0 $0
ERNEST DICKSON BOARD MEMBER 1.00
Director
$0 $0 $0
GENE LERNER BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY REED BOARD MEMBER 1.00
Director
$0 $0 $0
BRENDA FOWLER BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY BROWN-GIBBS BOARD VICE PRESIDENT 1.00
Director
$0 $0 $0
SHERRY BUTLER COO/BOARD SECRETARY 50.00
Officer Director
$129,335 $23,145 $152,480
CLIFF GURLEN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH CARSON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL MCLOUGHLIN CEO 50.00
Officer
$219,744 $22,763 $242,507
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 No data No data No data No data
2024 $4,657,941 $3,915,496 $4,616,326 $742,445
2023 $3,295,122 $3,903,451 $3,769,942 $-608,329
2022 $4,676,862 $4,432,869 $4,302,527 $243,993
2021 $5,267,013 $4,077,819 $4,723,830 $1,189,194
2020 $3,976,148 $4,430,176 $3,552,097 $-454,028
2019 $4,514,652 $4,318,973 $3,401,900 $195,679
2019 $4,514,652 $4,318,973 $3,401,900 $195,679
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