THE JOSEPHINE CIRCLE INC

EIN: 581314549 501(c)(3)

GERMANTOWN, TN

Total Revenue
$16,147
Total Expenses
$111,524
Total Assets
$467,029
Net Assets
$467,029
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1914
Legal Domicile
TN
Principal Officer
MARTHA MCINTOSH
Phone
9017571541
Tax Period
2024-06-01 to 2025-05-31

THE JOSEPHINE CIRCLE INC, founded in 1914, is a micro nonprofit that reported $16K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $112K exceeded revenue, resulting in a 591% operating deficit.

Mission

PROVIDE STUDENT SCHOLARSHIPS & LOANS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,099
Program Service Revenue $0
Investment Income $2,490
Other Revenue $11,558
TOTAL REVENUE $16,147

Expense Breakdown

Grants Paid $105,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,000
Other Expenses $6,524
TOTAL EXPENSES $111,524

Year-over-Year Comparison

2024 2023 Change
Revenue $16,147 $19,698 -0.2%
Expenses $111,524 $9,875 +10.3%
Net Income $-95,377 $9,823 -10.7%
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

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
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
6
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA ASHMORE BOARD MEMBER 1.00
Director
$0 $0 $0
BECKY BARTON BOARD MEMBER 1.00
Director
$0 $0 $0
SYLVIA COX BOARD MEMBER 1.00
Director
$0 $0 $0
MARIE DOWLING BOARD MEMBER 1.00
Director
$0 $0 $0
RITA GARRIGAN BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN HOBACK BOARD MEMBER 1.00
Director
$0 $0 $0
EULA HORRELL BOARD MEMBER 1.00
Director
$0 $0 $0
LEE LINDSAY BOARD MEMBER 1.00
Director
$0 $0 $0
PAT MCCALEB BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLE PRUETT BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA YOAKUM BOARD MEMBER 1.00
Director
$0 $0 $0
LYNN RUSSELL BOARD MEMBER 1.00
Director
$0 $0 $0
ANN NEWELL BOARD MEMBER 1.00
Director
$0 $0 $0
CINDY NORMAN BOARD MEMBER 1.00
Director
$0 $0 $0
PATTIE RUSSELL BOARD MEMBER 1.00
Director
$0 $0 $0
PAT MASSENGIL BOARD MEMBER 1.00
Director
$0 $0 $0
TONI RUTLEDGE BOARD MEMBER 1.00
Director
$0 $0 $0
MARSHA CAYCE EX-OFFICIO 1.00
Officer
$0 $0 $0
MARTHA MCINTOSH TREASURER 1.00
Officer
$0 $0 $0
NORANN MCMANUS PRESIDENT 1.00
Officer
$0 $0 $0
LIZ THOMAS VICE-PRESIDENT 1.00
Officer
$0 $0 $0
MICHELLE MERRITT RECORDING SECRETARY 1.00
Officer
$0 $0 $0
LESLIE NOAH CORRESPONDING SECRETARY 1.00
Officer
$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
2025 $16,147 $111,524 $467,029 $-95,377
2024 $19,698 $9,875 $553,162 $9,823
2023 $25,429 $215,007 $543,474 $-189,578
2022 $22,580 $19,657 $733,052 $2,923
2021 $14,230 $15,424 $730,129 $-1,194
2020 $42,798 $18,593 $731,323 $24,205
2019 $18,157 $21,124 $707,118 $-2,967
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