GENEROUS LIFE FOUNDATION D/B/A MEMPHIS DREAM CENTER (EIN 311685087) - 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

1998

Legal Domicile

Principal Officer

ERIC STONE

Phone

9017510095

Tax Period

2024-01-01 to 2024-12-31

GENEROUS LIFE FOUNDATION D/B/A MEMPHIS DREAM CENTER, founded in 1998, is a small nonprofit in the Human Services sector that reported $993K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO IMPACT THE CITY OF MEMPHIS (AND OTHER URBAN AREAS) WITH EFFECTIVE COMMUNITY SERVICE AND TO PROVIDE RELIEF AND EDUCAITON TO THE POOR, DISTRESSED, AND UNDERPRIVILEGED.

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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 $992,467

Program Service Revenue $0

Investment Income $0

Other Revenue $200

TOTAL REVENUE $992,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $736,208

Fundraising Expenses $98,638

Program Expenses $754,654

Other Expenses $244,804

TOTAL EXPENSES $981,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$992,667	$1,135,088	-0.1%
Expenses	$981,012	$1,015,945	0.0%
Net Income	$11,655	$119,143	-0.9%

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

600

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

$89,307

Total Directors

$89,307

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE LAWSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KELLI CARSON	PRESIDENT	40.00	Officer Director	$86,539	$2,768	$89,307
PHILLIP RIX	TREASURER	1.00	Officer Director	$0	$0	$0
JANNA FORBES	SECRETARY	1.00	Officer Director	$0	$0	$0
BOBBY WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH COTTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CECE GLENN	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$992,667	$981,012	$320,093	$11,655
2023	$1,135,088	$1,015,945	$335,325	$119,143
2022	$865,409	$860,932	$202,994	$4,477
2021	$528,001	$579,572	$144,119	$-51,571
2020	$525,893	$437,871	$197,994	$88,022
2019	$231,169	$221,280	$93,442	$9,889
2018	$71,298	$161,859	$80,612	$-90,561
2018	$71,298	$161,859	$80,612	$-90,561

GENEROUS LIFE FOUNDATION D/B/A MEMPHIS DREAM CENTER