Memphis Fire Department Foundation (EIN 271363535) - 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

GINA SWEAT

Phone

9016361400

Tax Period

2023-07-01 to 2024-06-30

Memphis Fire Department Foundation, founded in 2009, is a micro nonprofit in the Public Safety sector that reported $28K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 664% operating deficit.

Mission

To provide strategic support for fire services

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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 $25,785

Program Service Revenue $2,619

Investment Income $0

Other Revenue $0

TOTAL REVENUE $28,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,123

Other Expenses $216,873

TOTAL EXPENSES $216,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,404	$909,012	-1.0%
Expenses	$216,873	$746,229	-0.7%
Net Income	$-188,469	$162,783	-2.2%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA SWEAT	Executive Director	N/A	Officer	$0	$0	$0
KIM DAUGHTERY	Board Chair	N/A	Officer	$0	$0	$0
KEN SWANN	Board CoChair	N/A	Officer	$0	$0	$0
LINDA DELANEY	Board Secretary	N/A	Officer	$0	$0	$0
MICHAEL JUBIRT	Board Treasurer	N/A	Officer	$0	$0	$0
NANCY KNOUS	Board Member	N/A	Officer	$0	$0	$0
IYONA HOUSTON	Board Member	N/A	Officer	$0	$0	$0
STEVEN REID	Board Member	N/A	Officer	$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	$28,404	$216,873	$225,138	$-188,469
2023	$909,012	$746,229	$413,607	$162,783
2022	$137,055	$343,466	$250,824	$-206,411
2021	$895,088	$556,089	$457,235	$338,999

Memphis Fire Department Foundation