MEMPHIS UNIVERSITY SCHOOL

EIN: 620545618 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$35,299,588
Total Expenses
$22,856,945
Total Assets
$106,872,973
Net Assets
$87,888,354
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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
1955
Legal Domicile
TN
Phone
9012601300
Tax Period
2024-08-01 to 2025-07-31

MEMPHIS UNIVERSITY SCHOOL, founded in 1955, is a mid-sized nonprofit in the Education sector that reported $35.3M in total revenue in fiscal year 2024. The organization ran a surplus of $12.4M, a strong 35% operating margin.

Mission

COLLEGE PREPARATORY SECONDARY SCHOOL FOR BOYS

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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 $17,811,572
Program Service Revenue $15,961,873
Investment Income $1,489,397
Other Revenue $36,746
TOTAL REVENUE $35,299,588

Expense Breakdown

Grants Paid $2,957,741
Salaries & Benefits $13,676,959
Fundraising Expenses $1,225,311
Program Expenses $17,134,330
Other Expenses $6,222,245
TOTAL EXPENSES $22,856,945

Year-over-Year Comparison

2024 2023 Change
Revenue $35,299,588 $36,356,097 0.0%
Expenses $22,856,945 $21,872,106 +0.0%
Net Income $12,442,643 $14,483,991 -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
24
Independent Members
24
Employees
142
Volunteers
25

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
6
$578,182
Total Directors
24
$0
Key Employees
1
$179,590
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
D STEPHEN MORROW Treasurer 2.0
Officer Director
$0 $0 $0
FREDERICK C SCHAEFFER JR Secretary 2.0
Officer Director
$0 $0 $0
GLENN A CROSBY II Vice-Chairman 2.0
Officer Director
$0 $0 $0
WILLIAM V THOMPSON Chairman 2.0
Officer Director
$0 $0 $0
ANDREW F CATES BOARD MEMBER 2.0
Director
$0 $0 $0
BRANDON K ARRINDELL BOARD MEMBER 2.0
Director
$0 $0 $0
J BRETT GRINDER BOARD MEMBER 2.0
Director
$0 $0 $0
JAMES F BURNETT BOARD MEMBER 2.0
Director
$0 $0 $0
JAMES H BARTON JR BOARD MEMBER 2.0
Director
$0 $0 $0
JEFFREY B MESKIN BOARD MEMBER 2.0
Director
$0 $0 $0
JENNIFER R RANSOM BOARD MEMBER 2.0
Director
$0 $0 $0
JOSEPH M MORRISON BOARD MEMBER 2.0
Director
$0 $0 $0
MARGARET C MCLEAN BOARD MEMBER 2.0
Director
$0 $0 $0
MARK J HALPERIN BOARD MEMBER 2.0
Director
$0 $0 $0
P TROWBRIDGE GILLESPIE JR BOARD MEMBER 2.0
Director
$0 $0 $0
PHILIP S WUNDERLICH BOARD MEMBER 2.0
Director
$0 $0 $0
R EARL BLANKENSHIP BOARD MEMBER 2.0
Director
$0 $0 $0
RICHARD C MOORE III BOARD MEMBER 2.0
Director
$0 $0 $0
ROBERT J HUSSEY BOARD MEMBER 2.0
Director
$0 $0 $0
ROBERT M FOCKLER BOARD MEMBER 2.0
Director
$0 $0 $0
W THOMAS HUTTON JR BOARD MEMBER 2.0
Director
$0 $0 $0
WILLIAM B DUNAVANT III BOARD MEMBER 2.0
Director
$0 $0 $0
William B Townsend BOARD MEMBER 2.0
Director
$0 $0 $0
WILLIAM E ORGEL BOARD MEMBER 2.0
Director
$0 $0 $0
PETER D SANDERS Headmaster 40.0
Officer
$347,521 $24,740 $372,261
RANKIN FOWLKES Dir of Business Operations 40.0
Officer
$189,102 $16,819 $205,921
PERRY DEMENT Dir of Advancement 40.0
Key Emp
$164,025 $15,565 $179,590
Jenny Byers Director of College Counseling 40.0
Highest
$129,048 $13,816 $142,864
John Simi Director of IT 40.0
Highest
$108,742 $12,801 $121,543
Loyal Murphy Instructor of Mathematics 40.0
Highest
$108,114 $12,770 $120,884
McKee Humphreys Assoc. Headmaster, Head Lower School 40.0
Highest
$166,144 $15,671 $181,815
Zachary Hansen Upper School Principal 40.0
Highest
$142,374 $14,483 $156,857
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 $35,299,588 $22,856,945 $106,872,973 $12,442,643
2024 $36,356,097 $21,872,106 $94,403,933 $14,483,991
2023 $26,867,996 $21,233,473 $77,535,036 $5,634,523
2022 $22,467,122 $20,311,576 $70,155,448 $2,155,546
2021 $23,098,918 $19,721,177 $76,369,421 $3,377,741
2020 $19,574,112 $19,166,526 $64,709,830 $407,586
2019 $18,807,710 $18,810,628 $64,880,643 $-2,918
2018 $17,889,418 $18,713,847 $65,590,308 $-824,429
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