MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMPHIS TOURISM EDUCATION FOUNDATION D/B/A WELCOME TO MEMPHIS, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $883K in total revenue in fiscal year 2020. Revenue surged 312% from the prior year, signaling strong growth momentum. Expenses of $995K exceeded revenue, resulting in a 13% operating deficit.
THE MEMPHIS TOURISM EDUCATION FOUNDATION'S MISSION IS TO DELIVER AUTHENTIC MEMPHIS HOSPITALITY THROUGH A TRAINED AND MOTIVATED WORKFORCE. THE FOUNDATION SUPPORTS TOURISM AND HOSPITALITY PROFESSIONALS ACROSS THE SPECTRUM OF THE INDUSTRY. WORKING DIRECTLY WITH EMPLOYERS, SUPERVISORS, AND GUEST CONTACT STAFF, THE FOUNDATION DELIVERS PROFESSIONAL DEVELOPMENT TRAINING, CERTIFICATION, RECOGNITION AND RESOURCES. THROUGH THIS EFFORT, THE FOUNDATION ASSISTS THE MEMPHIS CONVENTION & VISITORS BUREAU IN FURTHERING THE BUREAU'S STATED MISSION.
PROVIDING FINANCIAL ASSISTANCE FOR HOSPITALITY SERVICE EMPLOYEES THROUGH COVID-19 RELIEF GRANT PROGRAMS ESTABLISHED BY THE COMMUNITY FOUNDATION OF GREATER MEMPHIS AND THE CITY OF MEMPHIS. THE...
PROVIDING FINANCIAL ASSISTANCE FOR HOSPITALITY SERVICE EMPLOYEES THROUGH COVID-19 RELIEF GRANT PROGRAMS ESTABLISHED BY THE COMMUNITY FOUNDATION OF GREATER MEMPHIS AND THE CITY OF MEMPHIS. THE HOSPITALITY INDUSTRY WAS ONE OF THE MOST IMPACTED INDUSTRIES FROM THE COVID-19 PANDEMIC. IN FISCAL YEAR END 2021, THE ORGANIZATION AWARDED 3,269 GRANTS FOR HOSPITALITY SERVICE EMPLOYEES WHO HAVE BEEN TERMINATED OR FURLOUGHED.
PROMOTING A NEW STANDARD OF CUSTOMER SERVICE AND RAISING EXPECTATIONS OF HOSPITALITY AND TOURISM PROFESSIONALS BY SUPPORTING THEM IN THEIR INTERACTIONS WITH VISITORS ACROSS THE MEMPHIS AREA. WELCOME...
PROMOTING A NEW STANDARD OF CUSTOMER SERVICE AND RAISING EXPECTATIONS OF HOSPITALITY AND TOURISM PROFESSIONALS BY SUPPORTING THEM IN THEIR INTERACTIONS WITH VISITORS ACROSS THE MEMPHIS AREA. WELCOME TO MEMPHIS PROVIDES PROFESSIONAL DEVELOPMENT TRAINING AND CERTIFICATIONS FOR PEOPLE WHO INTERACT WITH VISITORS - AKA "FIRST IMPRESSION" PROFESSIONALS. THESE CLASSES INCREASE PARTICIPANTS' CUSTOMER SERVICE SKILLS AND DESTINATION KNOWLEDGE.
RECOGNIZING PROFESSIONAL EXCELLENCE BY HONORING GUEST-CONTACT EMPLOYEES WHO HAVE GONE ABOVE AND BEYOND AT THE FOUNDATION'S ANNUAL PICK AWARDS EVENT. GREAT SERVICE IS RECOGNIZED WEEKLY ON SOCIAL MEDIA...
RECOGNIZING PROFESSIONAL EXCELLENCE BY HONORING GUEST-CONTACT EMPLOYEES WHO HAVE GONE ABOVE AND BEYOND AT THE FOUNDATION'S ANNUAL PICK AWARDS EVENT. GREAT SERVICE IS RECOGNIZED WEEKLY ON SOCIAL MEDIA OUTLETS AS WELL. THIS PROGRAM WAS TEMPORARILY SUSPENDED DURING THE COVID-19 PANDEMIC SO THAT ALL RESOURCES COULD BE USED FOR COVID-19 RELATED GRANTS TO HOSPITALITY EMPLOYEES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $883,346 | $214,370 | +3.1% |
| Expenses | $994,668 | $101,508 | +8.8% |
| Net Income | $-111,322 | $112,862 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARY SCHMITZ | EXECUTIVE DIRECTOR | 0.50 |
Officer
Director
|
$0 | $27,777 | $128,387 |
| DENI REILLY | CHAIRMAN | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| SHIRLEY DAVIS CONNER | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| JULIE ELLIS | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| LANI GLANCY | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| CRAIG MARSHALL | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| LINDA SAWYER | BOARD MEMBER | 0.50 |
Director
|
$0 | $32,391 | $269,261 |
| DANNY SUMRALL | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| GLEN THOMAS | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| SHERRYL TUCKER | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| ERIC VERNON | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $883,346 | $994,668 | $26,991 | $-111,322 |
| 2020 | $214,370 | $101,508 | $138,163 | $112,862 |
Compare MEMPHIS TOURISM EDUCATION FOUNDATION D/B/A WELCOME TO MEMPHIS with other nonprofits in Tennessee and across the country.