REDZONE MEMPHIS 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

2014

Legal Domicile

Principal Officer

HOWARD EDDINGS

Phone

9013500662

Tax Period

2023-10-01 to 2024-09-30

REDZONE MEMPHIS INC, founded in 2014, is a small nonprofit in the Religion sector that reported $494K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Net assets of $7.4M represent 179 months of operating reserves.

Mission

TO SERVE URBAN YOUNG PEOPLE BETWEEN THE AGES OF 9 AND 18 WHO LIVE IN ONE OF MEMPHIS' MOST UNDER-SERVED COMMUNITIES BY CREATING, DEVELOPING, AND IMPLEMENTING PROGRAM STRATEGIES AND TACTICS THAT ARE A PART OF THE CHANGE THAT IS HAPPENING IN THE GREATER MEMPHIS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $236,368

AFTER SCHOOL/EXTENDED LEARNING:FACILITATED AFTER SCHOOL ACTIVITIES, PROGRAMMING, AND SUPPORT TO HIGH SCHOOL STUDENTS ENROLLED IN THE PROGRAM. DAILY PROGRAMMING WAS OFFERED, MONDAY THROUGH FRIDAY, TO PARTICIPANTS THROUGHOUT THE SCHOOL YEAR PROVIDING A SAFE PLACE FOR STUDENTS TO COME FROM 2:15 TO 6:00 PM. OUR PRIMARY EMPHASIS WAS ON HOMEWORK HELP, GRADE RECOVERY, AND CURRICULUM (CLASS WORK) AS SUBSCRIBED BY TEACHERS, THOUGH OUR GENERAL FOCUS WAS ON SCIENCE, TECHNOLOGY, ENGINEERING, ART, AND MATH. WE WORKED WITH THE SCHOOL TO SUPPORT STUDENTS WITH ACT PREPARATION AND GRADUATION REQUIREMENTS. ALL OUR PROGRAMMING IS AT NO COST TO THE STUDENTS WHO PARTICIPATE AND IS OPEN TO EVERY STUDENT WHO LIVES IN THE COMMUNITY.

Program 2

Expenses: $72,728

OUTREACH ACTIVITIES:THIS DAILY PROGRAM FOCUSED ON ACADEMIC ENRICHMENT. HIGH SCHOOL STUDENTS AND ELEMENTARY STUDENTS PARTICIPATED EACH DAY. EACH STUDENT RECEIVED A SNACK AND ACADEMIC SUPPLIES AT NO...

OUTREACH ACTIVITIES:THIS DAILY PROGRAM FOCUSED ON ACADEMIC ENRICHMENT. HIGH SCHOOL STUDENTS AND ELEMENTARY STUDENTS PARTICIPATED EACH DAY. EACH STUDENT RECEIVED A SNACK AND ACADEMIC SUPPLIES AT NO COST TO THE STUDENT.

Program 3

Expenses: $54,547

SUMMER ACTIVITIES:OUR SUMMER EXPERIENCES WERE "CITY-FOCUSED". WE PLANNED A SUMMER OF CITY FUN FOR THOSE STUDENTS WHO CHOSE TO PARTICIPATE IN OUR SUMMER ACTIVITIES. OUR ACTIVITIES CONSISTED OF PLANNED ACTIVITIES AND EVENTS THAT EXPOSED STUDENTS TO DIFFERENT ASPECTS OF THE CITY, INCLUDING THE ARTS, CULTURE, AND GOVERNMENT. WE UTILIZED VOLUNTEERS TO ESTABLISH AND FACILITATE ACTIVITIES LIKE VACATION BIBLE SCHOOLS, OUTINGS AT PUBLIC PARKS, AND HOSTED DIFFERENT TRAININGS DESIGNED TO ENCOURAGE STUDENTS IN THE AREAS OF FINANCIAL AND ECONOMIC LITERACY. ALL PROGRAM OFFERED WERE AT NO COST TO THE PARTICIPANTS.

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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 $428,501

Program Service Revenue $0

Investment Income $65,467

Other Revenue $0

TOTAL REVENUE $493,968

Expense Breakdown

Grants Paid $1,583

Salaries & Benefits $237,694

Fundraising Expenses $0

Program Expenses $363,643

Other Expenses $301,040

TOTAL EXPENSES $540,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,968	$3,556,939	-0.9%
Expenses	$540,317	$1,807,345	-0.7%
Net Income	$-46,349	$1,749,594	-1.0%

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

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

$121,825

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELODY FREEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
REGINALD LESTER	BOARD MEMBER	2.00	Director	$0	$0	$0
CINDY OGDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ABBAY MILNOR	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRENCE BROWN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
JOHN T FISHER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GERRE CURRIE	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
HOWARD EDDINGS	EXECUTIVE DIRECTOR	40.00	Officer	$120,000	$1,825	$121,825

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	$493,968	$540,317	$7,432,915	$-46,349
2023	$3,566,939	$682,122	$8,643,594	$2,884,817
2023	$3,556,939	$1,807,345	$7,529,608	$1,749,594
2022	$2,990,310	$267,733	$5,832,075	$2,722,577
2022	$3,605,460	$305,123	$6,690,743	$3,300,337
2021	$1,441,842	$303,719	$2,402,827	$1,138,123
2020	$1,718,643	$488,731	$1,296,989	$1,229,912