The Regional Medical Center at Memphis Foundation

EIN: 581737037 501(c)(3)

Memphis, TN

Total Revenue
$1,977,550
Total Expenses
$2,407,633
Total Assets
$5,887,993
Net Assets
$5,264,417
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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
1986
Legal Domicile
TN
Phone
9015458254
Tax Period
2024-07-01 to 2025-06-30

The Regional Medical Center at Memphis Foundation, founded in 1986, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

The purpose is to raise funds to support the Shelby County Health Care Corporation, a 501(c)(3) public hospital established to serve patient care needs.

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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 $2,141,036
Program Service Revenue $0
Investment Income $140,563
Other Revenue $-304,049
TOTAL REVENUE $1,977,550

Expense Breakdown

Grants Paid $1,998,596
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,357,850
Other Expenses $409,037
TOTAL EXPENSES $2,407,633

Year-over-Year Comparison

2024 2023 Change
Revenue $1,977,550 $1,858,735 +0.1%
Expenses $2,407,633 $4,198,203 -0.4%
Net Income $-430,083 $-2,339,468 -0.8%
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
17
Independent Members
17
Employees
N/A
Volunteers
58

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
5
$1,615,715
Total Directors
17
$0
Key Employees
1
$409,923
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jay Healy Treasurer 1.0
Officer Director
$0 $0 $0
John R Owen Jr Chairman 1.0
Officer Director
$0 $0 $0
Joy Bowen Secretary 1.0
Officer Director
$0 $0 $0
Meredith Martin Vice Chair 1.0
Officer Director
$0 $0 $0
Ami Austin Board Member 1.0
Director
$0 $0 $0
Frank Quinn Board Member 1.0
Director
$0 $0 $0
Jodie Gilmore Board Member 1.0
Director
$0 $0 $0
Kel Kearns Board Member 1.0
Director
$0 $0 $0
Linda Ivy-Rosser Board Member 1.0
Director
$0 $0 $0
Louis F Allen Jr Board Member 1.0
Director
$0 $0 $0
Mark Forrester Board Member 1.0
Director
$0 $0 $0
Mark G Billions Board Member 1.0
Director
$0 $0 $0
Octavius Nickson Board Member 1.0
Director
$0 $0 $0
Patricia Emory-Walker Board Member 1.0
Director
$0 $0 $0
Patrick Trey Carter Board Member 1.0
Director
$0 $0 $0
Priscilla M Teixeira Board Member 1.0
Director
$0 $0 $0
Sarah Norton Board Member 1.0
Director
$0 $0 $0
Reginald Coopwood President and CEO 9.0
Officer
$0 $280,913 $1,615,715
Tammie Ritchey Sr VP and Chief Development Officer 40.0
Key Emp
$0 $74,993 $409,923
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 $1,977,550 $2,407,633 $5,887,993 $-430,083
2024 $1,858,735 $4,198,203 $7,403,078 $-2,339,468
2023 $3,176,872 $2,403,089 $8,839,431 $773,783
2022 $3,701,005 $3,572,354 $8,062,463 $128,651
2021 $2,199,515 $1,909,314 $7,889,154 $290,201
2020 $2,401,033 $3,512,350 $7,114,351 $-1,111,317
2019 $1,831,304 $3,558,785 $7,896,622 $-1,727,481
2018 $1,869,874 $1,262,697 $8,096,802 $607,177
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