COLLIERVILLE, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAUNCHYOURCITY, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $488K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $705K exceeded revenue, resulting in a 45% operating deficit.
LAUNCHYOURCITY SUPPORTS THE EARLIEST STAGES OF ENTREPRENEURSHIP IN MEMPHIS WITH DYNAMIC PROGRAMS THAT ARE DESIGNED TO HELP POTENTIAL ENTREPRENEURS TO TAKE THE FIRST ACTIONABLE STEPS OF STARTING A NEW BUSINESS. ADDITIONALLY, LAUNCHYOURCITY SUPPLIES A CO-WORKING ENVIRONMENT TO LOWER THE ECONOMIC BARRIER OF ENTRY TO INCUBATION ALONG WITH AD HOC MENTORING. FOR STARTUPS AND BUSINESSES, LAUNCHYOURCITY PROVIDES MEMPHIS' ONLY DYNAMIC INNOVATION ECONOMY PROGRAMMING TO KEEP UP-TO-SPEED ON THE LATEST TRENDS.
ENTREPRENEURSHIP SUPPORT: SUPPORTING EARLY-STAGE START-UPS IN ALL AREAS OF BUSINESS DEVELOPMENT. ENTREPRENEURS ARE SCHOOLED IN DEVELOPING A BUSINESS MODEL THAT WILL ACHIEVE SUSTAINABILITY. THEY...
ENTREPRENEURSHIP SUPPORT: SUPPORTING EARLY-STAGE START-UPS IN ALL AREAS OF BUSINESS DEVELOPMENT. ENTREPRENEURS ARE SCHOOLED IN DEVELOPING A BUSINESS MODEL THAT WILL ACHIEVE SUSTAINABILITY. THEY RECEIVE MENTORING, FINANCIAL COUNSELING AND OPPORTUNITIES TO COMPETE IN THE MARKETPLACE FOR INVESTOR FUNDING.
ECONOMIC DEVELOPMENT: LEVERAGING THE ECONOMIC ASSETS OF THE MEMPHIS REGION TO BUILD INNOVATIVE SOLUTIONS AND PROGRAMS TO CREATE MEANINGFUL JOBS, ECONOMIC OPPORTUNITY, AND MORE ADVANCED COMMUNITIES...
ECONOMIC DEVELOPMENT: LEVERAGING THE ECONOMIC ASSETS OF THE MEMPHIS REGION TO BUILD INNOVATIVE SOLUTIONS AND PROGRAMS TO CREATE MEANINGFUL JOBS, ECONOMIC OPPORTUNITY, AND MORE ADVANCED COMMUNITIES. WE WORK WITH CITY, STATE, AND FEDERAL GOVERNMENTS AS WELL AS CIVIC PARTNERS AND SUPPLY PROCESSES AND SUPPORT TO BUILD CIVIC INNOVATIONS AND SOLUTIONS THAT DRIVE ECONOMIC GROWTH FOR ALL CITIZENS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $487,810 | $1,018,814 | -0.5% |
| Expenses | $705,387 | $822,467 | -0.1% |
| Net Income | $-217,577 | $196,347 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERIC MATHEWS | CEO, PRESIDENT, FOUNDER | 40.00 |
Officer
Director
|
$100,528 | $0 | $100,528 |
| BRAD SILVER | BOARD MEMBER, TREASURER | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| GWIN SCOTT | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| TOM BAKER | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| THOMAS HUSSEY | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| CHARLES BEECH | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| PHIL BLUM | BOARD MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $487,810 | $705,387 | $44,494 | $-217,577 |
| 2022 | $1,018,814 | $822,467 | $200,684 | $196,347 |
| 2021 | $661,263 | $897,153 | $54,537 | $-235,890 |
| 2020 | $1,512,302 | $1,054,633 | $186,141 | $457,669 |
| 2019 | $1,346,074 | $1,618,705 | $120,185 | $-272,631 |
Compare LAUNCHYOURCITY with other nonprofits in Tennessee and across the country.