MEMPHIS RISE ACADEMY INC

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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

Principal Officer

GUS CONNELLY

Phone

9013795750

Tax Period

2024-07-01 to 2025-06-30

MEMPHIS RISE ACADEMY INC, founded in 2012, is a mid-sized nonprofit in the Education sector that reported $11.2M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE STUDENTS IN GRADES 6-12 WITH AN EXCELLENT EDUCATION, PREPARING THEM TO PURSUE AMBITIOUS GOALS AND SUCCEED IN COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $8,718,861 Revenue: $9,236,478

MEMPHIS RISE ACADEMY IS APPROVED AS A PUBLIC CHARTER SCHOOL OFFERING AN ALTERNATIVE MEANS WITHIN THE PUBLIC SCHOOL SYSTEM FOR ACCOMPLISHING NECESSARY OUTCOMES OF EDUCATION. DURING THE CURRENT YEAR...

MEMPHIS RISE ACADEMY IS APPROVED AS A PUBLIC CHARTER SCHOOL OFFERING AN ALTERNATIVE MEANS WITHIN THE PUBLIC SCHOOL SYSTEM FOR ACCOMPLISHING NECESSARY OUTCOMES OF EDUCATION. DURING THE CURRENT YEAR THE SCHOOL HAD AN AVERAGE OF 749 STUDENTS.

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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 $1,926,977

Program Service Revenue $9,227,356

Investment Income $0

Other Revenue $9,122

TOTAL REVENUE $11,163,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,822,004

Fundraising Expenses $0

Program Expenses $8,718,861

Other Expenses $3,582,680

TOTAL EXPENSES $11,404,684

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,163,455	$12,119,312	-0.1%
Expenses	$11,404,684	$12,607,510	-0.1%
Net Income	$-241,229	$-488,198	-0.5%

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

Employees

117

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

$139,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES FOSTER	TREASURER	1.00	Officer Director	$0	$0	$0
JOSH GETTYS	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
OSCAR ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI NUNEZ	DIRECTOR	1.00	Director	$0	$0	$0
VICTOR EVANS	DIRECTOR	1.00	Director	$0	$0	$0
SYDEREK WATSON	DIRECTOR	1.00	Director	$0	$0	$0
GUS CONNELLY	EXECUTIVE DIRECTOR	40.00	Officer	$130,782	$8,251	$139,033

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	$11,163,455	$11,404,684	$15,977,073	$-241,229
2024	$12,119,312	$12,607,510	$16,463,517	$-488,198
2023	$11,167,664	$11,693,534	$16,835,373	$-525,870
2022	$10,468,134	$9,572,999	$18,757,324	$895,135
2021	$9,374,095	$8,310,980	$16,603,150	$1,063,115
2020	$7,709,508	$6,979,412	$15,642,618	$730,096
2019	$7,157,103	$6,336,492	$7,808,872	$820,611
2018	$5,002,593	$5,647,625	$7,345,248	$-645,032