SOUTH MEMPHIS RENEWAL COMMUNITY DEVELOPMENT CORPORATION (EIN 460468961) - 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

2002

Legal Domicile

Principal Officer

JEFFREY T HIGGS

Phone

9015085027

Tax Period

2024-07-01 to 2025-06-30

SOUTH MEMPHIS RENEWAL COMMUNITY DEVELOPMENT CORPORATION, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $240K, a strong 24% operating margin.

Mission

To raise the economic levels of those who live work and play in South Memphis community by sustaining a process to lessen poverty eliminate racial tension poverty and crime and increase housing education economic and community development.

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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 $1,009,609

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,009,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,197

Fundraising Expenses $0

Program Expenses $691,013

Other Expenses $575,403

TOTAL EXPENSES $769,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,009,609	$1,252,434	-0.2%
Expenses	$769,600	$1,262,434	-0.4%
Net Income	$240,009	$-10,000	-25.0%

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

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

$33,045

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY HIGGS	EXECUTIVE DIRECTOR	39.00	Officer	$33,045	$0	$33,045
MICHAEL O MINOR	BOARD CHAIRPERSON	10.00	Director	$0	$0	$0
JUNE CHINN-JOINTER	BOARD MEMBER	10.00	Director	$0	$0	$0
BEN IVY	BOARD MEMBER	5.00	Director	$0	$0	$0
MALCOM WILSON	BOARD MEMBER	6.00	Director	$0	$0	$0
KESIHA SCOTT	BAORD MEMBER	6.00	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	$1,009,609	$769,600	$1,041,143	$240,009
2024	$1,252,434	$1,262,434	$618,044	$-10,000
2023	$774,259	$813,846	$648,107	$-39,587
2022	$294,636	$286,118	$688,719	$8,518
2021	$553,435	$526,418	$384,463	$27,017
2020	$559,156	$540,781	$368,868	$18,375

SOUTH MEMPHIS RENEWAL COMMUNITY DEVELOPMENT CORPORATION