MEMPHIS IN MAY INTERNATIONAL FESTIVAL INC (EIN 237308001) - 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

1977

Legal Domicile

Principal Officer

MACK WEAVER

Phone

9015254611

Tax Period

2024-08-01 to 2025-07-31

MEMPHIS IN MAY INTERNATIONAL FESTIVAL INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Expenses of $3.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

MEMPHIS IN MAY INTERNATIONAL FESTIVAL, INC. WAS ORGANIZED FOR THE PURPOSE OF PROVIDING AND SUPPORTING RECREATIONAL, EDUCATIONAL, SOCIAL AND CULTURAL EVENTS AND ACTIVITIES, FOR THE CELEBRATION OF THE CITY OF MEMPHIS, PEOPLE OF MEMPHIS, AND THE PEOPLE OF OTHER CULTURES AND COUNTRIES OF THE WORLD BY INTRODUCING MEMPHIS TO THE WORLD AND THE WORLD TO MEMPHIS THROUGH THESE ANNUAL EVENTS AND ACTIVITIES THAT HONOR A SELECTED COUNTRY OF THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,258,230

Program Service Revenue $1,102,550

Investment Income $23,912

Other Revenue $8,665

TOTAL REVENUE $2,393,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $856,649

Fundraising Expenses $0

Program Expenses $2,527,920

Other Expenses $2,190,758

TOTAL EXPENSES $3,047,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,393,357	$2,461,409	0.0%
Expenses	$3,047,407	$3,177,653	0.0%
Net Income	$-654,050	$-716,244	-0.1%

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

357

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

$647,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL GOSSETT	CHAIR	2.00	Director	$0	$0	$0
ANDREW RUSSELL	BOARD MEMBER	2.00	Director	$0	$0	$0
BRETT MULLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES EWING	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG BROWNE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DR LASONYA HALL	BOARD MEMBER	2.00	Director	$0	$0	$0
ERNEST STRICKLAND	BOARD MEMBER	2.00	Director	$0	$0	$0
HOWARD ROBERTSON	CHAIR ELECT	2.00	Director	$0	$0	$0
JENNIFER RICHARDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
LEIGH SHOCKEY	FORMER CHAIR	2.00	Officer Director	$0	$0	$0
MICKELL LOWERY	BOARD MEMBER	2.00	Director	$0	$0	$0
MINA BECTON	BOARD MEMBER	2.00	Director	$0	$0	$0
PAT TIGGRETT	BOARD MEMBER	2.00	Director	$0	$0	$0
RON COLEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAWN DANKO	BOARD MEMBER	2.00	Director	$0	$0	$0
TED TOWNSEND	BOARD MEMBER	2.00	Director	$0	$0	$0
VELVET GRAHAM	SECRETARY	2.00	Officer Director	$0	$0	$0
VICKI BUCK	VOLUNTEER REPRESENTATIVE	2.00	Director	$0	$0	$0
WAYNE TABOR	TREASURER	2.00	Officer Director	$0	$0	$0
YOLANDA COOPER-SUTTON	BOARD MEMBER	2.00	Director	$0	$0	$0
FLOYD BENSON	VICE PRESIDENT OPERATIONS	40.00	Officer	$0	$0	$0
JAMES L HOLT	PAST PRESIDENT AND CEO	40.00	Officer	$215,050	$6,757	$221,807
KEVIN GROTHE	EXECUTIVE VICE PRESIDENT	40.00	Officer	$125,723	$12,856	$138,579
MACK WEAVER	CEO & PRESIDENT	40.00	Officer	$157,979	$14,247	$172,226
RANDY M BLEVINS	PAST VP OF MARKETING	40.00	Officer	$106,797	$8,573	$115,370

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	$2,393,357	$3,047,407	$818,408	$-654,050
2024	$2,461,409	$3,177,653	$1,648,924	$-716,244
2023	$8,286,107	$11,713,819	$5,430,497	$-3,427,712
2022	$16,594,261	$12,838,313	$6,347,595	$3,755,948
2021	$2,273,583	$2,491,786	$4,677,503	$-218,203
2020	$757,377	$2,563,206	$4,963,175	$-1,805,829
2019	$11,810,662	$11,214,467	$4,818,350	$596,195
2018	$10,482,631	$10,042,308	$4,352,617	$440,323

MEMPHIS IN MAY INTERNATIONAL FESTIVAL INC