MEMPHIS POLICE ASSOCIATION CHARITABLE FOUNDATION (EIN 452233377) - 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

2011

Legal Domicile

Principal Officer

JEREMY WHITE

Phone

9015237075

Tax Period

2024-01-01 to 2024-12-31

MEMPHIS POLICE ASSOCIATION CHARITABLE FOUNDATION, founded in 2011, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $324K in total revenue in fiscal year 2024. Revenue surged 164% from the prior year, signaling strong growth momentum.

Mission

TO SERVE MEMPHIS/SHELBY COUNTY AND SURROUNDING BY GIVING MONETARY DONATIONS AND SERVICE TO THE COMMUNITIES PROUDLY LIVED IN AND SERVED BY THE MEMPHIS POLICE ASSOCIATION MEMBERS.

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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 $319,678

Program Service Revenue $0

Investment Income $0

Other Revenue $4,590

TOTAL REVENUE $324,268

Expense Breakdown

Grants Paid $294,484

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $312,840

Other Expenses $22,770

TOTAL EXPENSES $317,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,268	$122,613	+1.6%
Expenses	$317,254	$138,489	+1.3%
Net Income	$7,014	$-15,876	-1.4%

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

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
J MATTHEW CUNNINGHAM	PROGRAM MANAGER	5.00	Officer Director	$0	$0	$0
JEREMY WHITE	FINANCE MANAGER	5.00	Officer Director	$0	$0	$0
JOHN COVINGTON	EXECUTIVE DIRECTOR	5.00	Officer 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
2024	$324,268	$317,254	$142,405	$7,014
2023	$122,613	$138,489	$135,391	$-15,876
2022	$129,347	$106,302	$151,267	$23,045
2021	$386,610	$371,377	$128,222	$15,233
2020	$97,652	$50,285	$112,989	$47,367
2019	$107,282	$108,104	$65,622	$-822
2018	$178,654	$151,511	$66,444	$27,143

MEMPHIS POLICE ASSOCIATION CHARITABLE FOUNDATION