MEMPHIS TEACHER RESIDENCY INC (EIN 264440905) - 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

2009

Legal Domicile

Principal Officer

DAVID MONTAGUE

Phone

9019374687

Tax Period

2024-06-01 to 2025-05-31

MEMPHIS TEACHER RESIDENCY INC, founded in 2009, is a community nonprofit in the Education sector that reported $7.6M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

AS A RESPONSE TO THE GOSPEL MANDATE TO LOVE OUR NEIGHBORS AS OURSELVES, THE ORGANIZATION WILL PROVIDE STUDENTS IN OUR PARTNER NEIGHBORHOODS WITH THE SAME, OR BETTER, QUALITY OF EDUCATION AS ANY CHILD IN MEMPHIS RECEIVES BY RECRUITING, TRAINING AND SUPPORTING EFFECTIVE TEACHERS WITHIN A CHRISTIAN CONTEXT.

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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 $6,141,498

Program Service Revenue $1,235,524

Investment Income $246,902

Other Revenue $0

TOTAL REVENUE $7,623,924

Expense Breakdown

Grants Paid $59,167

Salaries & Benefits $3,097,456

Fundraising Expenses $170,170

Program Expenses $5,015,730

Other Expenses $3,000,083

TOTAL EXPENSES $6,156,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,623,924	$6,665,811	+0.1%
Expenses	$6,156,706	$5,429,643	+0.1%
Net Income	$1,467,218	$1,236,168	+0.2%

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

$136,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MARINO	CHAIRMAN	3.00	Officer Director	$0	$0	$0
ROBERT MONTAGUE	TREASURER	3.00	Officer Director	$0	$0	$0
DAVID HARRIS	SECRETARY	3.00	Officer Director	$0	$0	$0
DR CAROL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HILL	DIRECTOR	1.00	Director	$0	$0	$0
DORSEY HOPSON	DIRECTOR	1.00	Director	$0	$0	$0
TIM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE OCHS-FISHER	DIRECTOR	1.00	Director	$0	$0	$0
KATY HOTTINGER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHORES	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MONTAGUE	EXECUTIVE DIRECTOR	40.00	Officer	$123,333	$13,312	$136,645
BRIDGET GENTRY	DIRECTOR OF OPERATIONS AND FINANCE	40.00	Officer	$0	$0	$0
ANGELINE GARDNER	DIRECTOR OF DEVELOPMENT	40.00	Highest	$113,538	$10,182	$123,720
MEGAN SALEMI	DIRECTOR OF EDUCATION	40.00	Highest	$119,214	$13,126	$132,340

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	$7,623,924	$6,156,706	$18,553,897	$1,467,218
2024	$6,665,811	$5,429,643	$17,899,568	$1,236,168
2023	$5,262,203	$5,349,705	$17,352,776	$-87,502
2022	$6,575,161	$5,235,893	$5,540,031	$1,339,268
2021	$4,736,462	$5,222,029	$4,198,944	$-485,567
2020	$6,630,350	$5,187,476	$4,663,316	$1,442,874
2019	$5,672,111	$5,754,080	$3,220,596	$-81,969

MEMPHIS TEACHER RESIDENCY INC