MEMORABLE MOMENTS YOUTH DEVELOPMEN… - Form 990 Financial Data

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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

2012

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MEMORABLE MOMENTS YOUTH DEVELOPMENT PROGRAM INC, founded in 2012, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

OUR MISSION IS TO PROVIDE HIGH QUALITY EARLY LEARNING TO CHILDREN FROM LOW AND MODERATE INCOME FAMILIES. WE SERVE CHILDREN FROM AGES 2 MONTHS TO 12 YRS OLD. OUR MAIN GOAL IS TO PREPARE CHILDREN TO BECOME SUCCESSFUL IN SCHOOL AND BECOME LIFELONG LEARNERS.

Program Service Accomplishments

Program 1

Expenses: $1,166,560 Revenue: $1,111,435

WE PARTNERED WITH THE CITY OF PHILADLEPHIA TO OFFER QUALITY PRE-K SERVICES UNDER THE PHILA PREK PROGRAM. THIS PROGRAM SERVES AGES 3 AND 4.

Program 2

Expenses: $851,835 Revenue: $768,217

WE PROVIDE HIGH QUALITY EARLY LEARNING EDUCATION AND CARE IN A SAFE AND NURTURING ENVIRONMENT.PROVIDING HIGH QUALITY SERVICES FOLLOWING THE STATE AND LOCAL GUIDELINES. WE WORK IN PARTNERSHIP WITH...

WE PROVIDE HIGH QUALITY EARLY LEARNING EDUCATION AND CARE IN A SAFE AND NURTURING ENVIRONMENT.PROVIDING HIGH QUALITY SERVICES FOLLOWING THE STATE AND LOCAL GUIDELINES. WE WORK IN PARTNERSHIP WITH PARENTS AND THE COMMUNITY TO PROVIDE A SAFE ENVIRONMNET TO ENSURE OUR STUDENTS RECEIVE HIGH QUALITY EDUCATION DURING THESE UNCERTAIN TIMES.

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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 $1,879,685

Program Service Revenue $193,572

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,073,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,069,449

Fundraising Expenses $0

Program Expenses $2,018,395

Other Expenses $1,068,429

TOTAL EXPENSES $2,137,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,073,257	$2,304,597	-0.1%
Expenses	$2,137,878	$2,233,533	0.0%
Net Income	$-64,621	$71,064	-1.9%

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

N/A

Employees

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

$74,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AIDA RODRIGUEZ	EXECUTIVE DIRECTOR	40.00	Officer	$74,000	$0	$74,000
TAMARRA VENEY	TREASURER	2.00	Officer Director	$0	$0	$0
RUBLE HARRIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARQUITA EDNEY	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$2,073,257	$2,137,878	$626,527	$-64,621
2023	$2,073,257	$2,136,541	$658,654	$-63,284
2022	$2,304,597	$2,233,533	$726,529	$71,064
2021	$2,075,710	$1,917,445	$644,469	$158,265
2021	$2,075,710	$1,637,048	$1,052,220	$438,662
2020	$2,181,573	$2,035,075	$492,396	$146,498
2019	$1,833,697	$1,887,653	$60,709	$-53,956
2018	$1,688,361	$1,663,217	$64,187	$25,144

MEMORABLE MOMENTS YOUTH DEVELOPMENT PROGRAM INC