MEMPHIS SCOTTISH RITE FOUNDATION INC (EIN 237450924) - 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

1975

Legal Domicile

Principal Officer

JIM HELLUMS

Phone

9015267679

Tax Period

2024-01-01 to 2024-12-31

MEMPHIS SCOTTISH RITE FOUNDATION INC, founded in 1975, is a small nonprofit in the Human Services sector that reported $112K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $164K exceeded revenue, resulting in a 46% operating deficit.

Mission

The Foundation assists in support of a children s speach disorder clinic at the University of Tennessee Center for the Health Sciences.

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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 $38,684

Program Service Revenue $0

Investment Income $69,540

Other Revenue $4,126

TOTAL REVENUE $112,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,363

Program Expenses $70,000

Other Expenses $164,142

TOTAL EXPENSES $164,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,350	$124,732	-0.1%
Expenses	$164,142	$188,995	-0.1%
Net Income	$-51,792	$-64,263	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	1	Director	$0	$0	$0
BILL YOUNG	ASSISTANT PRESIDENT	1	Director	$0	$0	$0
JIM HELLUMS	SECRETARY	1	Director	$0	$0	$0
ED DOREMEUS	TREASURER	1	Director	$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
2025	No data	No data	No data	No data
2024	$112,350	$164,142	$763,043	$-51,792
2023	$124,732	$188,995	$817,142	$-64,263
2022	$50,705	$166,939	$879,827	$-116,234
2021	$114,889	$108,292	$999,228	$6,597
2020	$97,762	$101,582	$999,307	$-3,820
2019	$140,845	$195,889	$1,003,127	$-55,044
2018	$220,751	$272,514	$1,058,171	$-51,763

MEMPHIS SCOTTISH RITE FOUNDATION INC