MEMPHIS FOOD & WINE FESTIVAL (EIN 475456623) - 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

AL LAROCCA

Phone

9013563111

Tax Period

2022-01-01 to 2022-12-31

MEMPHIS FOOD & WINE FESTIVAL, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $70K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $207K exceeded revenue, resulting in a 194% operating deficit.

Mission

THE MEMPHIS FOOD AND WINE FESTIVAL (THE "FESTIVAL") WAS CREATED IN 2015 TO SHOWCASE CULINARY EXCELLENCE OF LOCAL AND REGIONAL CHEFS, VINTNERS, AND CERTIFIED SOMMELIERS IN ORDER TO BENEFIT THE MEMPHIS COMMUNITY. EACH YEAR THE PROCEEDS FROM THE FESTIVAL WILL BE USED TO BENEFIT A LOCAL CHARITY.(SEE SCHEDULE O FOR ADDITIONAL EXPLANATION).

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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 (2022)

Revenue Breakdown

Contributions & Grants $201,700

Program Service Revenue $0

Investment Income $1,562

Other Revenue $-132,883

TOTAL REVENUE $70,379

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $62,277

Program Expenses $133,283

Other Expenses $156,967

TOTAL EXPENSES $206,967

Year-over-Year Comparison

	2022	2021	Change
Revenue	$70,379	$109,359	-0.4%
Expenses	$206,967	$107,293	+0.9%
Net Income	$-136,588	$2,066	-67.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL LAROCCA	CHAIRMAN/TREASURER/DIRECTO	10.00	Officer Director	$0	$0	$0
ROBERT CHIMENTI	SECRETARY/DIRECTOR	5.00	Officer Director	$0	$0	$0
JOSE GUTIERREZ	DIRECTOR	5.00	Director	$0	$0	$0
DAVID BENSON	DIRECTOR/PRESIDENT	5.00	Officer Director	$0	$0	$0
WALLY JOE	DIRECTOR	1.00	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
2022	$70,379	$206,967	$128,796	$-136,588
2021	$109,359	$107,293	$222,827	$2,066
2019	$165,896	$309,600	$241,355	$-143,704
2018	$189,694	$89,304	$385,998	$100,390

MEMPHIS FOOD & WINE FESTIVAL