COLLEGIATE SCHOOL OF MEMPHIS (EIN 260847588) - 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

2008

Legal Domicile

Principal Officer

SIMONE GRAY

Phone

9015918203

Tax Period

2024-07-01 to 2025-06-30

COLLEGIATE SCHOOL OF MEMPHIS, founded in 2008, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $6.1M left a modest 3% surplus.

Mission

THE COLLEGIATE SCHOOL OF MEMPHIS IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES.

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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 $3,508,251

Program Service Revenue $2,639,717

Investment Income $145,867

Other Revenue $0

TOTAL REVENUE $6,293,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,052,541

Fundraising Expenses $56,259

Program Expenses $4,853,219

Other Expenses $2,030,432

TOTAL EXPENSES $6,082,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,293,835	$7,947,187	-0.2%
Expenses	$6,082,973	$5,612,170	+0.1%
Net Income	$210,862	$2,335,017	-0.9%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MCLEAN WILSON	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM MARINO	CHAIRPERSON	2.00	Director	$0	$0	$0
KEITH OKELLO	BOARD MEMBER	0.50	Director	$0	$0	$0
LAUREN MCHUGH ROBINSON	BOARD MEMBER	0.50	Director	$0	$0	$0
ISAAC RODRIGUEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
FEDORIA RUGLESS	BOARD MEMBER	0.50	Director	$0	$0	$0
BEN SCOTT	BOARD MEMBER	0.50	Director	$0	$0	$0
MERRILL SKIPWORTH	BOARD MEMBER	0.50	Director	$0	$0	$0
DR MCKENZIE COHEN	HEAD OF SCHOOL	40.00	Highest	$162,302	$13,473	$175,775

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	$6,293,835	$6,082,973	$9,369,862	$210,862
2024	$7,947,187	$5,612,170	$9,590,714	$2,335,017
2023	$3,978,849	$5,312,087	$7,694,674	$-1,333,238
2022	$7,261,001	$5,722,221	$9,283,410	$1,538,780
2021	$6,229,226	$5,152,184	$7,989,222	$1,077,042
2020	$4,809,697	$4,558,723	$7,140,590	$250,974
2019	$4,709,722	$4,764,593	$7,174,097	$-54,871
2018	$4,502,069	$4,571,055	$7,678,159	$-68,986

COLLEGIATE SCHOOL OF MEMPHIS