LAUNCHYOURCITY

EIN: 263190220 501(c)(3) Community Improvement

COLLIERVILLE, TN

Total Revenue
$487,810
Total Expenses
$705,387
Total Assets
$44,494
Net Assets
$-418,664
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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
TN
Principal Officer
ERIC MATHEWS
Phone
9012137795
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

LAUNCHYOURCITY SUPPORTS THE EARLIEST STAGES OF INNOVATION AND ENTREPRENEURSHIP IN MEMPHIS WITH DYNAMIC PROGRAMS THAT ARE DESIGNED TO HELP POTENTIAL CIVIC, SOCIAL, AND TECH-BASED ENTREPRENEURS AND INNOVATORS DEVELOP A BUSINESS MODEL AND TAKE THE FIRST ACTIONABLE STEPS OF STARTING A NEW BUSINESS OR PROGRAM. LAUNCHYOURCITY IS A PRACTITIONER OF INNOVATION DRIVEN ECONOMIC DEVELOPMENT ACCELERATING AND BROKERING TALENT, TECHNOLOGY AND CAPITAL LEVERAGING THE ECONOMIC ASSETS OF THE REGION TO CREATE COMMUNITIES WHERE MEANINGFUL JOBS, LIVEABLE COMMUNITIES, INCLUSIVE SOCIETIES, AND COLLABORATIVE GOVERNANCE INTERSECT FOR SUCCESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,880
Program Service Revenue $353,665
Investment Income $264
Other Revenue $1,001
TOTAL REVENUE $487,810

Expense Breakdown

Grants Paid $0
Salaries & Benefits $532,760
Fundraising Expenses $45,596
Program Expenses $560,599
Other Expenses $172,627
TOTAL EXPENSES $705,387

Year-over-Year Comparison

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%
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

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Governance

Voting Members
9
Independent Members
9
Employees
6
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
2
$100,528
Total Directors
7
$100,528
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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
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