MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMPHIS COLLEGE OF ART, founded in 1936, is a micro nonprofit that reported $98K in total revenue in fiscal year 2020. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $315K exceeded revenue, resulting in a 220% operating deficit.
MEMPHIS COLLEGE OF ART IS DEDICATED TO TEACHING THE PRACTICE, HISTORY AND APPRECIATION OF VISUAL ART AND DESIGN; CHALLENGING ALL STUDENTS TO REACH THEIR HIGHEST INDIVIDUAL POTENTIAL, AND PREPARING GRADUATES TO SUCCEED IN THEIR CAREERS AND CHANGE THE WORLD THROUGH THEIR CREATIVITY. FOUNDED IN 1936, IT IS ONE OF ONLY FOUR INDEPENDENT, REGIONALLY AND NATIONALLY ACCREDITED ART COLLEGES IN THE SOUTH, AND IS THE ONLY ONE TO OFFER GRADUATE DEGREES. MCA'S ACADEMIC PROGRAMS INCLUDE ANIMATION, DIGITAL CINEMA, DIGITAL MEDIA, DRAWING, GRAPHIC DESIGN, ILLUSTRATION, PAINTING, PHOTOGRAPHY, PRINTMAKING, SCULPTURE AND SEQUENTIAL NARRATIVE (COMICS.) THE LIBERAL ARTS PROGRAM IS COMPRISED OF ART HISTORY, HUMANITIES, MATHEMATICS/NATURAL SCIENCES, AND SOCIAL SCIENCES. MEMPHIS COLLEGE OF ART MEETS STRIDENT QUALITY STANDARDS AND IS ACCREDITED BY BOTH THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS AND THE NATIONAL ASSOCIATION OF SCHOOLS OF ART AND DESIGN (NASAD). WE ARE ALSO A MEMBER OF THE ASSOCIATION OF INDEPENDENT COLLEGES OF ART AND DESIGN (AICAD). THE MEMPHIS COLLEGE OF ART'S UNDERGRADUATE DEGREE PROGRAMS SERVE STUDENTS FROM ACROSS THE REGION AND REPRESENT 80 DIFFERENT ZIP CODES, WITH THE LARGE MAJORITY COMING FROM SHELBY COUNTY AND SURROUNDING COUNTIES. THE MCA STUDENT BODY WELL REPRESENTS THE BROAD DIVERSITY OF OUR METROPOLITAN AREA, WITH 34% MALE AND 66% FEMALE AND 47.8% PERSONS OF COLOR. THE 2010 CENSUS FOUND THAT AN ESTIMATED 26.5% OF RESIDENTS WITHIN MEMPHIS CITY LIMITS WERE LIVING IN POVERTY, THE HIGHEST RATE AMONG THE 51 U.S. METRO AREAS WITH POPULATIONS OF AT LEAST 1 MILLION. MCA EXHIBITS A STRONG COMMITMENT TO SERVING LOW-INCOME MEMBERS OF OUR COMMUNITY. NINETY-NINE PERCENT (99%) OF OUR DEGREE-SEEKING STUDENTS RECEIVE SOME TYPE OF FINANCIAL AID AND OVER SIXTY-FOUR PERCENT (64.3%) OF OUR STUDENTS QUALIFY AS LOW INCOME FOR PURPOSES OF QUALIFYING FOR PELL GRANTS FROM THE FEDERAL GOVERNMENT. THROUGH MCA'S INNOVATIVE PROFESSIONAL PRACTICE, (OR P2) PROGRAM, STUDENTS LEARN ABOUT ENTREPRENEURSHIP, BUILDING A PORTFOLIO, AND OTHER ESSENTIAL PROFESSIONAL BUSINESS PRACTICES THAT WILL FOSTER THEIR SUCCESSFUL CAREERS AFTER GRADUATION. MCA ALSO SERVES AS THE KEY COMMUNITY ARTS EDUCATION RESOURCE FOR THE MEMPHIS METROPOLITAN REGION. OUR COMMUNITY EDUCATION PROGRAMS ENCOMPASS ADULT ART EDUCATION, SATURDAY SCHOOL, THE SUMMER ART CAMP, THE SUMMER ART ACADEMY, IDEALS (INSPIRING AND DEVELOPING EMERGING ARTISTS FOR LIFELONG SUCCESS), ART TEACHER IN-SERVICE PROGRAM, TOURS & DEMONSTRATIONS, ADVANCED PLACEMENT ART CLASSES, VISUAL ART SHOWCASE, NATIONAL PORTFOLIO DAYS, AND CLASSROOM VISITS/OUTREACH EVENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $98,200 | $5,588,063 | -1.0% |
| Expenses | $314,603 | $5,326,632 | -0.9% |
| Net Income | $-216,403 | $261,431 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HENRY DOGGRELL | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL V LANDRUM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CECIL C HUMPHREYS JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY BACKAUS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLISON GARROTT BRASWELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM GILLILAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RHYNETTE HURD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE LAYMAN LIGHTMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MURRAY RISS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TATE WILSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA HINE | PRESIDENT | 1.00 |
Officer
|
$137,807 | $6,644 | $144,451 |
| LISA ZYRIEK | CFO | 1.00 |
Officer
|
$115,612 | $5,331 | $120,943 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $98,200 | $314,603 | $485,491 | $-216,403 |
| 2020 | $5,588,063 | $5,326,632 | $723,329 | $261,431 |
| 2019 | $6,382,644 | $6,732,562 | $8,527,037 | $-349,918 |
| 2018 | $12,834,604 | $27,431,554 | $17,859,407 | $-14,596,950 |
Compare MEMPHIS COLLEGE OF ART with other nonprofits in Tennessee and across the country.