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.
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.