SECOND PRESBYTERIAN CHURCH FOUNDATION REALTY FOUNDATION INC

EIN: 364480653 501(c)(3) Religion

MEMPHIS, TN

Total Revenue
$42,523
Total Expenses
$168,296
Total Assets
$14,289
Net Assets
$12,397
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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
2002
Legal Domicile
TN
Principal Officer
JOHN ADAMSON
Phone
9014540034
Tax Period
2024-07-01 to 2025-06-30

SECOND PRESBYTERIAN CHURCH FOUNDATION REALTY FOUNDATION INC, founded in 2002, is a micro nonprofit in the Religion sector that reported $43K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $168K exceeded revenue, resulting in a 296% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO SUPPORT THE SECOND PRESBYTERIAN CHURCH MINISTRIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2
Program Service Revenue $0
Investment Income $42,521
Other Revenue $0
TOTAL REVENUE $42,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $168,296
TOTAL EXPENSES $168,296

Year-over-Year Comparison

2024 2023 Change
Revenue $42,523 $147,263 -0.7%
Expenses $168,296 $512,389 -0.7%
Net Income $-125,773 $-365,126 -0.7%
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

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID F LEAKE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN ADAMSON TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN F WARNER SECRETARY 1.00
Officer Director
$0 $0 $0
LARRY JENSEN CHAIRMAN 1.00
Officer Director
$0 $0 $0
TIMOTHY E DAVIS JR DIRECTOR 1.00
Director
$0 $0 $0
LAUREN M MERIWETHER DIRECTOR 1.00
Director
$0 $0 $0
FRANK Z JEMISON JR 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
2025 $42,523 $168,296 $14,289 $-125,773
2024 $147,263 $512,389 $138,842 $-365,126
2023 $337 $521 $503,296 $-184
2022 $3 $520 $503,480 $-517
2021 $125,004 $2,885 $504,549 $122,119
2020 $39 $520 $381,878 $-481
2019 $55 $520 $382,359 $-465
2018 $23 $510 $382,824 $-487
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