TREZEVANT MANOR FOUNDATION

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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

1980

Legal Domicile

Principal Officer

KENT PHILLIPS

Phone

9013254000

Tax Period

2023-08-01 to 2024-07-31

TREZEVANT MANOR FOUNDATION, founded in 1980, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 80% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE OF CURRENT AND FUTURE RESIDENTS WHILE PROVIDING SUPPORT TO STAFF SEEKING EDUCATIONAL ADVANCEMENT

Program Service Accomplishments

Program 1

Expenses: $98,357

THE TREZEVANT FOUNDATION WAS CREATED IN 1981 AND CHARTERED AS A SEPARATE NOT-FOR-PROFIT ENTITY TO SUPPORT TREZEVANT'S COMMITMENT TO EACH LIFECARE RESIDENT. THE TREZEVANT FOUNDATION PROVIDES SUPPORT TO RESIDENTS, STAFF, FAMILIES AND AREA NON-PROFITS IN MEMPHIS, TENNESSEE. RESIDENTS WHO CAN NO LONGER MEET THE FINANCIAL REQUIREMENTS ARE SUPPORTED BY FOUNDATION DONATIONS.THE TREZEVANT FOUNDATION IS USED TO ENHANCE THE FUNCTION AND ACTIVITIES OF THE TREZEVANT COMMUNITY THAT INCLUDE BOTH INDEPENDENT AND ASSISTED LIVING FACILITIES.

Program 2

Expenses: $22,350

TREZEVANT STAFF/EMPLOYEES CAN APPLY FOR SCHOLARSHIPS TO FURTHER THEIR EDUCATION AND THE FOUNDATION ALSO SUPPORTS OTHER NON-PROFITS IN THE MEMPHIS AND MID-SOUTH AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $747,837

Program Service Revenue $0

Investment Income $870,250

Other Revenue $0

TOTAL REVENUE $1,618,087

Expense Breakdown

Grants Paid $73,452

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,707

Other Expenses $254,088

TOTAL EXPENSES $327,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,618,087	$936,494	+0.7%
Expenses	$327,540	$572,884	-0.4%
Net Income	$1,290,547	$363,610	+2.5%

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

$747,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
P TROWBRIDGE GILLESPIE JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SCOTT J CROSBY	TRUSTEE	1.00	Director	$0	$0	$0
CARL KRAUSNICK	TRUSTEE	1.00	Director	$0	$0	$0
KEN CLARK	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA BOYD	TRUSTEE	1.00	Director	$0	$0	$0
DONALD SELHEIMER	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$49,102	$327,388
KENT PHILLIPS	CHIEF EXECUTIVE OFFICER	5.00	Officer	$0	$40,190	$326,601
PAULA JACOBSON	DIRECTOR OF FOUNDATION	40.00	Officer	$0	$0	$93,290

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
2024	$1,618,087	$327,540	$14,353,816	$1,290,547
2023	$936,494	$572,884	$11,745,083	$363,610
2022	$4,997,757	$291,515	$10,694,335	$4,706,242
2021	$728,167	$441,468	$6,604,738	$286,699
2020	$494,845	$521,091	$5,404,674	$-26,246
2019	$789,873	$3,134,136	$5,447,862	$-2,344,263
2018	$749,228	$318,422	$7,750,977	$430,806