COMMUNITY FOUNDATION OF GREATER ME… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

ROBERT FOCKLER

Phone

9017284600

Tax Period

2023-05-01 to 2024-04-30

COMMUNITY FOUNDATION OF GREATER MEMPHIS INC, founded in 1969, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $110.8M in total revenue in fiscal year 2023. Expenses of $123.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE COMMUNITY FOUNDATION IS A PHILANTHROPIC ORGANIZATION THAT MANAGES CHARITABLE FUNDS WITH A BROAD BASE OF DONORS TO BENEFIT THE AREAS OF WESTERN TENNESSEE, EASTERN ARKANSAS, AND NORTHERN MISSISSIPPI. SINCE 1969, THE COMMUNITY FOUNDATION OF GREATER MEMPHIS HAS BEEN WORKING WITH DONORS, PROFESSIONAL ADVISORS, AND NONPROFITS TO HELP STRENGTHEN THE COMMUNITY THROUGH STRATEGIC PHILANTHROPY AND COMMUNITY GIVING.

Program Service Accomplishments

Program 1

Expenses: $102,673,542

DONOR ADVISED FUNDS: THE FOUNDATION'S PRIMARY PROGRAM IS TO ADMINISTER DONOR ADVISED FUNDS. THESE FUNDS GIVE DONORS FLEXIBILITY TO MAKE GIFTS TO THEIR FUNDS AND DIRECT GRANTS TO THE NONPROFITS OF...

DONOR ADVISED FUNDS: THE FOUNDATION'S PRIMARY PROGRAM IS TO ADMINISTER DONOR ADVISED FUNDS. THESE FUNDS GIVE DONORS FLEXIBILITY TO MAKE GIFTS TO THEIR FUNDS AND DIRECT GRANTS TO THE NONPROFITS OF THEIR CHOICE.

Program 2

Expenses: $805,754

PROJECT FUNDS: THE FOUNDATION OFFERS PROJECT FUNDS TO DONORS TO ALLOW THEM TO SUPPORT ONE OR MORE NONPROFITS FOR A SPECIFIED TIME OR IN PERPETUITY.

Program 3

Expenses: $3,987,123

DONOR DESIGNATED FUNDS: THE FOUNDATION OFFERS DONOR DESIGNATED FUNDS FOR SHORT-TERM USE BY ORGANIZATIONS WORKING IN COLLABORATION OR NONPROFITS AWAITING APPROVAL OF THEIR 501(C )(3) STATUS.

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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 $85,395,402

Program Service Revenue $5,817,394

Investment Income $19,571,175

Other Revenue $661

TOTAL REVENUE $110,784,632

Expense Breakdown

Grants Paid $112,862,530

Salaries & Benefits $2,956,627

Fundraising Expenses $455,569

Program Expenses $113,160,973

Other Expenses $7,856,797

TOTAL EXPENSES $123,675,954

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,784,632	$114,399,155	0.0%
Expenses	$123,675,954	$124,638,033	0.0%
Net Income	$-12,891,322	$-10,238,878	+0.3%

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

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

$908,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KONTJI ANTHONY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER HEARN	DIRECTOR	1.00	Director	$0	$0	$0
KATE GILLILAND CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
BROOK LESTER	DIRECTOR	1.00	Director	$0	$0	$0
ALISA HAUSHALTER	DIRECTOR	1.00	Director	$0	$0	$0
JAY HEALY	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE JEMISON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE NASSAR	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOT PERRY	DIRECTOR	1.00	Director	$0	$0	$0
HALLIE PEYTON	DIRECTOR	1.00	Director	$0	$0	$0
RAY POHLMAN	DIRECTOR	1.00	Director	$0	$0	$0
BOB QUINN	DIRECTOR	1.00	Director	$0	$0	$0
POOJA SHAH	DIRECTOR	1.00	Director	$0	$0	$0
ERICA STIFF-COOPWOOD	DIRECTOR	1.00	Director	$0	$0	$0
REGINA WALKER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
MONICA WHARTON	DIRECTOR	1.00	Director	$0	$0	$0
RUSS WIGGINTON	DIRECTOR	1.00	Director	$0	$0	$0
DORCAS YOUNG GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY WEXLER	CHAIR	1.00	Director	$0	$0	$0
CHIP MARSTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT M FOCKLER	PRESIDENT & CEO	37.50	Officer	$371,271	$60,199	$431,470
BARBARA S MORA	ASST SECRETARY & COO	37.50	Officer	$206,477	$29,136	$235,613
GEORGE LUMM	TREASURER & CFO "THRU 4.30.24"	37.50	Officer	$200,483	$41,240	$241,723
J MARTIN REGAN JR	SECRETARY	1.00	Officer	$0	$0	$0
CAROLINE KUEBLER	DIR. OF DEVELOPMENT	37.50	Highest	$153,013	$29,219	$182,232
VERONICA JAMISON	VP OF PHILANTHROPIC SERVICES	37.50	Highest	$147,935	$31,532	$179,467
JULIA C MCDONALD	VP OF COMMUNICATIONS	37.50	Highest	$138,186	$29,660	$167,846
AMY BETH DUDLEY	DIRECTOR OF DONOR SERVICES	1.00	Highest	$100,187	$19,323	$119,510

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	No data	No data	No data	No data
2024	$110,784,632	$123,675,954	$908,669,779	$-12,891,322
2023	$114,399,155	$124,638,033	$852,675,440	$-10,238,878
2022	$204,591,687	$145,105,093	$869,569,667	$59,486,594
2021	$239,424,580	$163,571,542	$924,315,630	$75,853,038
2020	$514,967,342	$163,008,169	$619,564,365	$351,959,173
2019	$160,585,711	$175,944,573	$364,416,579	$-15,358,862

COMMUNITY FOUNDATION OF GREATER MEMPHIS INC