River City Capital Investment LLC

EIN: 273941432 501(c)(3) Community Improvement

Memphis, TN

Total Revenue
$996,587
Total Expenses
$741,112
Total Assets
$6,752,719
Net Assets
$3,495,743
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
TN
Principal Officer
Luther Mercer
Phone
9015214232
Tax Period
2023-07-01 to 2024-06-30

River City Capital Investment LLC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $997K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $255K, a strong 26% operating margin.

Mission

River City Capital LLC is a CDFI(Community Development Financial Institution) with a dedicated mission to accelerate shared prosperity & revitalization in underserved communities through the provisions of capital in Memphis & Shelby County.

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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 $743,134
Program Service Revenue $181,524
Investment Income $82,724
Other Revenue $-10,795
TOTAL REVENUE $996,587

Expense Breakdown

Grants Paid $0
Salaries & Benefits $392,311
Fundraising Expenses $0
Program Expenses $579,719
Other Expenses $348,801
TOTAL EXPENSES $741,112

Year-over-Year Comparison

2023 2022 Change
Revenue $996,587 $1,690,280 -0.4%
Expenses $741,112 $578,486 +0.3%
Net Income $255,475 $1,111,794 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
8
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
1
$51,923
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Luther Mercer President 4.00
Officer
$51,923 $0 $51,923
Summer Owens Board Member 2.00
Director
$0 $0 $0
Michelle Couch Secretary 2.00
Director
$0 $0 $0
Mark Yates Board Member 2.00
Director
$0 $0 $0
Phillip May Treasurer 2.00
Director
$0 $0 $0
Sean Norris Board Member 3.00
Director
$0 $0 $0
Patrice Thomas Board Member 3.00
Director
$0 $0 $0
Dr Joann Massey Board Member 3.00
Director
$0 $0 $0
Andrea Johnson Treasurer 3.00
Director
$0 $0 $0
Larry Neal Jr Board Member 3.00
Director
$0 $0 $0
John Daniel Vice Chairman 3.00
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
2025 No data No data No data No data
2024 $996,587 $741,112 $6,752,719 $255,475
2023 $1,690,280 $578,486 $5,591,636 $1,111,794
2022 $1,200,472 $939,223 $4,501,798 $261,249
2021 $2,300,469 $1,972,595 $3,924,598 $327,874
2021 No data No data No data No data
2020 $1,279,618 $196,595 $3,412,993 $1,083,023
2019 $100,646 $156,099 $2,310,733 $-55,453
2018 $454,222 $165,387 $1,768,844 $288,835
2018 $454,222 $45,481 $1,888,750 $408,741
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