MEMPHIS EDUCATION FUND INC (EIN 473660677) - 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

2015

Legal Domicile

Principal Officer

TERENCE PATTERSON

Phone

9014350400

Tax Period

2025-01-01 to 2025-12-31

MEMPHIS EDUCATION FUND INC, founded in 2015, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2025. Expenses of $5.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

ESTABLISHING INITIATIVES AND DEVELOPING STRATEGIES TO SUPPORT TEACHERS, SCHOOLS, AND COMMUNITY TO IMPROVE MEMPHIS PUBLIC EDUCATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $4,802,306

Program Service Revenue $0

Investment Income $2,786

Other Revenue $224,256

TOTAL REVENUE $5,029,348

Expense Breakdown

Grants Paid $4,128,834

Salaries & Benefits $796,384

Fundraising Expenses $0

Program Expenses $4,780,617

Other Expenses $704,126

TOTAL EXPENSES $5,629,344

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,029,348	$4,867,433	+0.0%
Expenses	$5,629,344	$4,702,797	+0.2%
Net Income	$-599,996	$164,636	-4.6%

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

$281,112

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMEKA HART	BOARD MEMBER	1.00	Director	$0	$0	$0
DARRYL COBB	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TOSHA DOWNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERI CATRON COOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERENCE PATTERSON	CEO	40.00	Officer	$255,946	$25,166	$281,112
BINH DOAN	DIRECTOR OF FINANCE AND ST	40.00	Highest	$108,005	$20,131	$128,136

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	$5,029,348	$5,629,344	$3,358,516	$-599,996
2024	No data	No data	No data	No data
2023	$3,481,558	$3,886,644	$2,244,080	$-405,086
2023	No data	No data	No data	No data
2022	$4,212,155	$3,557,126	$5,446,050	$655,029
2022	No data	No data	No data	No data
2021	$3,044,264	$4,555,615	$2,231,951	$-1,511,351
2020	$5,955,711	$8,604,088	$2,536,598	$-2,648,377
2019	$7,169,853	$8,831,058	$4,833,076	$-1,661,205
2018	$11,907,072	$15,415,988	$6,697,400	$-3,508,916
2017	$9,546,588	$5,262,744	$12,464,839	$4,283,844

MEMPHIS EDUCATION FUND INC