CLEAN MEMPHIS INC (EIN 263337830) - 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

NEFERTITI HARDAWAY

Phone

9014886786

Tax Period

2024-01-01 to 2024-12-31

CLEAN MEMPHIS INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.2M left a modest 6% surplus.

Mission

LITTER ABATEMENT

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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 $1,334,363

Program Service Revenue $10,080

Investment Income $0

Other Revenue $-25,082

TOTAL REVENUE $1,319,361

Expense Breakdown

Grants Paid $3,350

Salaries & Benefits $791,638

Fundraising Expenses $0

Program Expenses $939,758

Other Expenses $445,425

TOTAL EXPENSES $1,240,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,319,361	$1,515,264	-0.1%
Expenses	$1,240,413	$1,207,956	+0.0%
Net Income	$78,948	$307,308	-0.7%

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

430

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

$121,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK GANT	BOARD MEMBER	1.00	Director	$0	$0	$0
NORA BOONE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LEVELL HAIRSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNA OYSEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGIE STROM	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET BOSCARINO	EXECUTIVE DIRECTOR	40.00	Officer	$121,000	$0	$121,000

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
2024	$1,319,361	$1,240,413	$921,686	$78,948
2023	$1,515,264	$1,207,956	$841,977	$307,308
2022	$895,921	$713,103	$535,613	$182,818
2021	$739,329	$694,345	$343,633	$44,984
2020	$745,678	$718,205	$297,636	$27,473
2019	$776,689	$658,037	$270,163	$118,652
2018	$458,022	$474,295	$151,511	$-16,273

CLEAN MEMPHIS INC