THE HOSPITALITY HUB OF MEMPHIS (EIN 264417530) - 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

2007

Legal Domicile

Principal Officer

KELCEY JOHNSON

Phone

9015221808

Tax Period

2023-01-01 to 2023-12-31

THE HOSPITALITY HUB OF MEMPHIS, founded in 2007, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. Expenses of $6.3M left a modest 8% surplus.

Mission

THE HOSPITALITY HUB OF MEMPHIS (THE HUB) IS A TENNESSEE NON-PROFIT CORPORATION FORMED BY THE DOWNTOWN CHURCHES ASSOCIATION AS A POINT OF ENTRY INTO THE LARGER NETWORK OF HOMELESSNESS SERVICES OFFERED THROUGHOUT THE CITY. THE MISSION OF THE HUB IS TO CONNECT HOMELESS PEOPLE WITH THE RESOURCES THEY NEED TO BEGIN THEIR JOURNEY OUT OF HOMELESSNESS.

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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 $6,865,019

Program Service Revenue $0

Investment Income $-87,213

Other Revenue $0

TOTAL REVENUE $6,777,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,060,554

Fundraising Expenses $0

Program Expenses $6,126,429

Other Expenses $4,197,981

TOTAL EXPENSES $6,258,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,777,806	$3,798,958	+0.8%
Expenses	$6,258,535	$2,886,433	+1.2%
Net Income	$519,271	$912,525	-0.4%

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

$96,508

Total Directors

$96,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PIERRE LANDAICHE	SECRETARY	1.00	Officer Director	$0	$0	$0
CANDACE MCRAE WALSH	CHAIRMAN	3.00	Officer Director	$0	$0	$0
KEITH TURBETT	TREASURER	3.00	Officer Director	$0	$0	$0
KELCEY JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer Director	$96,158	$350	$96,508
RICHARD HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
LT MILTON BONDS JR	DIRECTOR	1.00	Director	$0	$0	$0
MANDY TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ALEX WILLIS BODDIE	DIRECTOR	1.00	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	$6,777,806	$6,258,535	$16,116,817	$519,271
2023	$6,827,805	$6,259,172	$16,166,817	$568,633
2022	$3,798,354	$2,840,187	$14,338,196	$958,167
2022	$3,798,958	$2,886,433	$15,125,136	$912,525
2021	$5,150,202	$2,216,313	$14,285,294	$2,933,889
2020	$9,763,242	$1,699,080	$10,450,151	$8,064,162
2019	$3,112,858	$945,790	$2,419,592	$2,167,068
2018	$806,633	$744,855	$230,248	$61,778

THE HOSPITALITY HUB OF MEMPHIS