MEMPHIS-SHELBY COUNTY LAW ENFORCEMENT FOUNDATION INC (EIN 260350517) - 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

2010

Legal Domicile

Principal Officer

CHUCK FOX

Phone

9015682534

Tax Period

2023-07-01 to 2024-06-30

MEMPHIS-SHELBY COUNTY LAW ENFORCEMENT FOUNDATION INC, founded in 2010, is a small nonprofit in the Public Safety sector that reported $146K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $210K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE PRIVATE SECTOR SUPPORT TO SUPPLEMENT THE EFFORTS OF OUR LAW ENFORCEMENT IN SHELBY COUNTY, TN AND TO CREATE AND SUSTAIN SAFE NEIGHBORHOODS/COMMUNITIES FOR OUR RESIDENTS

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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 $143,776

Program Service Revenue $0

Investment Income $1,836

Other Revenue $0

TOTAL REVENUE $145,612

Expense Breakdown

Grants Paid $58,315

Salaries & Benefits $59,211

Fundraising Expenses $0

Program Expenses $159,711

Other Expenses $92,202

TOTAL EXPENSES $209,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,612	$132,898	+0.1%
Expenses	$209,728	$125,177	+0.7%
Net Income	$-64,116	$7,721	-9.3%

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

Total Directors

Key Employees

$55,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE WEST	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES FOX	TREASURER	1.00	Officer Director	$0	$0	$0
TESSA ARMBRISTER	SECTRETARY	1.00	Officer Director	$0	$0	$0
RANDY STEPHERSON	DIRECTOR	1.00	Director	$0	$0	$0
STACEY HUSSEY	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WUNDERLICH	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BOYLE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DOBBS JR	DIRECTOR	1.00	Director	$0	$0	$0
EVANGELINE PARKER-GUEST	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA KELLY	EXECUTIVE DIRECTOR	40.00	Key Emp	$55,000	$0	$55,000

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
2025	No data	No data	No data	No data
2024	$145,612	$209,728	$223,190	$-64,116
2023	$132,898	$125,177	$287,306	$7,721
2022	$327,874	$198,365	$279,584	$129,509
2021	$108,296	$114,607	$160,075	$-6,311
2020	$106,573	$88,034	$204,241	$18,539
2020	$106,573	$88,034	$204,241	$18,539
2019	$808,061	$701,620	$319,975	$106,441

MEMPHIS-SHELBY COUNTY LAW ENFORCEMENT FOUNDATION INC