GREATER MEMPHIS IT COUNCIL (EIN 465080271) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

REGINA WHITLEY

Phone

9016727630

Tax Period

2023-01-01 to 2023-12-31

GREATER MEMPHIS IT COUNCIL, founded in 2014, is a small nonprofit in the Science & Technology sector that reported $171K in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE GREATER MEMPHIS IT COUNCIL IS TO ESTABLISH THE MEMPHIS REGION AS AN INFORMATION TECHNOLOGY CENTER OF EXCELLENCE FOR THE ECONOMIC DEVELOPMENT OF THE COMMERCIAL SECTOR WITH A FOCUS ON STRATEGIC INDUSTRIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $86,501

Program Service Revenue $84,744

Investment Income $0

Other Revenue $0

TOTAL REVENUE $171,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,564

Other Expenses $166,706

TOTAL EXPENSES $166,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,245	$162,499	+0.1%
Expenses	$166,706	$176,428	-0.1%
Net Income	$4,539	$-13,929	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$78,433

Total Directors

$78,433

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BOYD	CHAIRMAN/PRESIDENT	0.00	Officer Director	$0	$0	$0
REGINA WHITLEY	EXECUTIVE DIRECTOR & SECRE	40.00	Officer Director	$78,433	$0	$78,433
SYLVESTER TATE	DIRECTOR	0.00	Director	$0	$0	$0
STEPHANIE IVEY	DIRECTOR	0.00	Director	$0	$0	$0
MEKA EGWUEKWE	DIRECTOR	0.00	Director	$0	$0	$0
ARNIE MATSON	DIRECTOR	0.00	Director	$0	$0	$0
CEDRIC BROWN	DIRECTOR	0.00	Director	$0	$0	$0
SANDRA JEFFRIES-PERRY	TREASURER	0.00	Officer Director	$0	$0	$0
BRIAN ELROD	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
STEVEN JONES	DIRECTOR	0.00	Director	$0	$0	$0
LAKSHMI VISVANATHAN	DIRECTOR	0.00	Director	$0	$0	$0
LASHELL VAUGHN	DIRECTOR	0.00	Director	$0	$0	$0
DAN WEDDLE	DIRECTOR	0.00	Director	$0	$0	$0
BILL KIM	DIRECTOR	0.00	Director	$0	$0	$0
JOE CUTRELL	DIRECTOR	0.00	Director	$0	$0	$0
WENDY HARRIS	DIRECTOR	0.00	Director	$0	$0	$0
LADAWN LUNDSTROM	DIRECTOR	0.00	Director	$0	$0	$0
ROB WARD	DIRECTOR	0.00	Director	$0	$0	$0
ROBYN BALLARD	DIRECTOR	0.00	Director	$0	$0	$0
HUGHETTA DUDLEY	DIRECTOR	0.00	Director	$0	$0	$0
SOO TSONG LIM	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER CULOTTA	DIRECTOR	0.00	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
2024	No data	No data	No data	No data
2023	$171,245	$166,706	$10,416	$4,539
2022	$162,499	$176,428	$13,633	$-13,929
2021	$121,948	$122,712	$26,804	$-764
2020	$125,902	$115,712	$27,589	$10,190
2019	$128,366	$123,266	$17,854	$5,100
2018	$154,400	$135,910	$21,100	$18,490

GREATER MEMPHIS IT COUNCIL