THE MYSTIC SOCIETY OF THE MEMPHI

EIN: 581578111

MEMPHIS, TN

Total Revenue
$355,926
Total Expenses
$338,854
Total Assets
$343,748
Net Assets
$343,198
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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
1934
Legal Domicile
TN
Principal Officer
SHELLIE G MCCAIN
Phone
9015731185
Tax Period
2024-09-01 to 2025-08-31

THE MYSTIC SOCIETY OF THE MEMPHI, founded in 1934, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $339K left a modest 5% surplus.

Mission

THE SOCIETY IS A SOCIAL CLUB THAT SPONSORS PARTIES AND EVENTS FOR ITS MEMBERS AND THEIR GUESTS EACH YEAR LEADING UP TO THE CELEBRATION OF "CARNIVAL" IN EARLY JUNE. CARNIVAL PROMOTES MEMPHIS AS A GREAT CITY AND WORKPLACE, AND ANNUALLY SELECTS AND CELEBRATES AN INDUSTRY THAT HAS A MAJOR IMPACT ON THE ECONOMY OF THE MID-SOUTH. AS ONE OF THE ELEVEN "GRAND KREWES OF CARNIVAL MEMPHIS", MEMPHI SUPPORTS THE CIVIC MISSION AND ELEEMOSYNARY ENDEAVORS OF CARNIVAL MEMPHIS WHICH BENEFITS LOCAL CHILDREN'S CHARITIES.

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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 $153,957
Program Service Revenue $182,349
Investment Income $14,627
Other Revenue $4,993
TOTAL REVENUE $355,926

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $176,795
Other Expenses $338,854
TOTAL EXPENSES $338,854

Year-over-Year Comparison

2024 2023 Change
Revenue $355,926 $327,916 +0.1%
Expenses $338,854 $309,273 +0.1%
Net Income $17,072 $18,643 -0.1%
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
9
Independent Members
8
Employees
N/A
Volunteers
28

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK STIMAC BOARD MEMBER 1.00
Director
$0 $0 $0
SHELLIE G MCCAIN JR TREASURER 3.00
Officer Director
$0 $0 $0
JOEY DUDEK BOARD MEMBER 3.00
Director
$0 $0 $0
MIKE HESS BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD R ROBERTS CHAIRMAN 3.00
Officer Director
$0 $0 $0
DABNEY COLLIER BOARD MEMBER 1.00
Director
$0 $0 $0
KENNY CHARBONNET VICE CHAIRMAN/SECRETARY 1.00
Officer Director
$0 $0 $0
BEN BUFFINGTON BOARD MEMBER 1.00
Director
$0 $0 $0
GREG SONES BOARD MEMBER 1.00
Director
$0 $0 $0
JIM TAYLOR MEMBERSHIP CONTACT 5.00
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 $355,926 $338,854 $343,748 $17,072
2024 $327,916 $309,273 $326,676 $18,643
2024 $327,916 $309,273 $326,676 $18,643
2023 $351,955 $348,703 $308,033 $3,252
2022 $321,012 $330,370 $304,781 $-9,358
2021 $176,104 $176,730 $314,139 $-626
2020 $210,697 $137,257 $314,765 $73,440
2019 $304,992 $276,732 $241,475 $28,260
2018 $283,793 $236,698 $212,515 $47,095
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