Memory for Memory Inc

EIN: 455206426 501(c)(3)

West Palm Beach, FL

Total Revenue
$635,302
Total Expenses
$680,558
Total Assets
N/A
Net Assets
N/A
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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
FL
Principal Officer
Karl C Schoeller
Phone
5612002862
Tax Period
2021-01-01 to 2021-12-31

Memory for Memory Inc, founded in 2012, is a small nonprofit that reported $635K in total revenue in fiscal year 2021. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

See Part III line 1.

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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 (2021)

Revenue Breakdown

Contributions & Grants $269,615
Program Service Revenue $362,712
Investment Income $2,799
Other Revenue $176
TOTAL REVENUE $635,302

Expense Breakdown

Grants Paid $37,327
Salaries & Benefits $383,606
Fundraising Expenses $63,278
Program Expenses $490,713
Other Expenses $259,625
TOTAL EXPENSES $680,558

Year-over-Year Comparison

2021 2020 Change
Revenue $635,302 $567,168 +0.1%
Expenses $680,558 $516,683 +0.3%
Net Income $-45,256 $50,485 -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

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Governance

Voting Members
4
Independent Members
3
Employees
7
Volunteers
1

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
$124,624
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Louise Orr Board Member 1.00
Director
$0 $0 $0
Brendan R Kelley Board Member 1.00
Director
$0 $0 $0
Christopher Storkerson Board Member 1.00
Director
$0 $0 $0
Karl C Schoeller CEO/Treasurer/Sec 40.00
Officer
$124,624 $0 $124,624
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
2021 $635,302 $680,558 No data $-45,256
2020 $567,168 $516,683 $107,434 $50,485
2019 $500,680 $533,611 $46,317 $-32,931
2018 $442,170 $413,202 $60,147 $28,968
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