Memphis Runners Track Club Inc

EIN: 581399723 501(c)(3) Recreation & Sports

Memphis, TN

Total Revenue
$244,706
Total Expenses
$294,376
Total Assets
$400,811
Net Assets
$400,811
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
TN
Principal Officer
Charles Flanigan Jr
Phone
9013889161
Tax Period
2024-07-01 to 2025-06-30

Memphis Runners Track Club Inc, founded in 1976, is a small nonprofit in the Recreation & Sports sector that reported $245K in total revenue in fiscal year 2024. Expenses of $294K exceeded revenue, resulting in a 20% operating deficit.

Mission

Advancement of amateur running events open to both members and the general public.

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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 $28,327
Program Service Revenue $213,319
Investment Income $3,060
Other Revenue $0
TOTAL REVENUE $244,706

Expense Breakdown

Grants Paid $21,500
Salaries & Benefits $32,420
Fundraising Expenses $0
Program Expenses $294,376
Other Expenses $240,456
TOTAL EXPENSES $294,376

Year-over-Year Comparison

2024 2023 Change
Revenue $244,706 $249,707 0.0%
Expenses $294,376 $245,177 +0.2%
Net Income $-49,670 $4,530 -12.0%
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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Governance

Voting Members
15
Independent Members
16
Employees
N/A
Volunteers
100

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
4
$32,420
Total Directors
16
$32,420
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
April Flanigan Secretary 40.00
Officer Director
$32,420 $0 $32,420
Charles Flanigan Jr President 5.00
Officer Director
$0 $0 $0
Allison Andrassy Vice President 5.00
Officer Director
$0 $0 $0
John Payne Secretary 5.00
Officer Director
$0 $0 $0
Wain Rubenstein Board Member 1.00
Director
$0 $0 $0
Rob Hunter Board Member 1.00
Director
$0 $0 $0
Suzie Hicks-Hurt Board Member 1.00
Director
$0 $0 $0
Kevin Raney Board Member 1.00
Director
$0 $0 $0
Warren McWhirter Board Member 1.00
Director
$0 $0 $0
Rich Tutko Board Member 1.00
Director
$0 $0 $0
Dennese Black Board Member 1.00
Director
$0 $0 $0
Steve Ballou Board Member 1.00
Director
$0 $0 $0
Richard Murphy Board Member 1.00
Director
$0 $0 $0
Laurie Duncan Board Member 1.00
Director
$0 $0 $0
Joann Warhurst Board Member 1.00
Director
$0 $0 $0
Mike Gray Board Member 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
2025 $244,706 $294,376 $400,811 $-49,670
2024 $249,707 $245,177 $450,481 $4,530
2023 $279,056 $268,103 $445,951 $10,953
2022 $335,029 $214,037 $434,998 $120,992
2021 $142,536 $134,131 $314,006 $8,405
2020 $250,310 $317,448 $305,601 $-67,138
2019 $299,162 $283,463 $372,739 $15,699
2018 $301,567 $316,703 $359,498 $-15,136
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