MEMPHIS BLACK ARTS ALLIANCE INC (EIN 581605133) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

LarJuanette Williams

Phone

9019489522

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS BLACK ARTS ALLIANCE INC, founded in 1982, is a small nonprofit that reported $210K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $271K exceeded revenue, resulting in a 29% operating deficit.

Mission

Memphis Black Arts Alliance is dedicated to improving the quality of life and economic well being of Greater Memphis through preservation, celebration and advancement of African American arts, literature and culture.

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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 $190,949

Program Service Revenue $19,314

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,263

Expense Breakdown

Grants Paid $11,904

Salaries & Benefits $134,904

Fundraising Expenses $0

Program Expenses $150,580

Other Expenses $124,508

TOTAL EXPENSES $271,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,263	$509,113	-0.6%
Expenses	$271,316	$480,158	-0.4%
Net Income	$-61,053	$28,955	-3.1%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alvin McKinney	Chairman	002.00	Director	$0	$0	$0
Chet Jackson	Vice Chairman	002.00	Director	$0	$0	$0
Camille Davis	Secretary	002.00	Director	$0	$0	$0
Nicholas Weaver	Treasurer	002.00	Director	$0	$0	$0
Robert Lipscomb	Member	002.00	Director	$0	$0	$0
Linda Tharp	Member	002.00	Director	$0	$0	$0
Jamie Boller	Member	002.00	Director	$0	$0	$0
Brooke Sardin	Advisory Member	002.00	Director	$0	$0	$0
Ekundayo Bandele	Adbisory Member	002.00	Director	$0	$0	$0
Roshun Austin	Advisory Member	002.00	Director	$0	$0	$0
Marquez Rhyne	Advisory Member	002.00	Director	$0	$0	$0
Deron Hall	Advisory member	002.00	Director	$0	$0	$0
Naomi Moody	Advisory Member	002.00	Director	$0	$0	$0
Ann Phillips Yates	Advisory Member	002.00	Director	$0	$0	$0
LarJuanette Williams	Executive Director	040.00	Officer Director Key Emp Highest	$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
2023	$210,263	$271,316	$95,349	$-61,053
2022	$509,113	$480,158	$112,922	$28,955
2022	$509,113	$480,158	$112,922	$28,955
2021	$136,598	$161,944	$100,106	$-25,346
2020	$190,971	$200,544	$111,819	$-9,573

MEMPHIS BLACK ARTS ALLIANCE INC