BOYS AND GIRLS CLUB OF GREATER MEM… - 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

1957

Legal Domicile

Principal Officer

RENE' H FUMICH

Phone

9012782947

Tax Period

2023-01-01 to 2023-12-31

BOYS AND GIRLS CLUB OF GREATER MEMPHIS, founded in 1957, is a community nonprofit in the Youth Development sector that reported $8.7M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 19% operating margin.

Mission

TO INSPIRE AND ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE FROM DISADVANTAGED CIRCUMSTANCES, TO REALIZE THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $6,206,370

MAINTAINING FACILITIES AND ADMINISTERING VARIOUS PROGRAMS FOR THE BENEFIT OF LOCAL BOYS AND GIRLS' CLUB MEMBERS. THE NUMBER OF BOYS AND GIRLS SERVED IN 2023 WAS APPROXIMATELY 6500.

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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 $7,495,326

Program Service Revenue $0

Investment Income $889,867

Other Revenue $297,653

TOTAL REVENUE $8,682,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,722,227

Fundraising Expenses $176,456

Program Expenses $6,206,370

Other Expenses $2,327,372

TOTAL EXPENSES $7,049,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,682,846	$4,468,239	+0.9%
Expenses	$7,049,599	$6,060,044	+0.2%
Net Income	$1,633,247	$-1,591,805	-2.0%

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

205

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

$272,391

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN C ADAMS JR	DIRECTOR	1.00	Director	$0	$0	$0
PAULO TEIXEIRA	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE DOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL E KEENEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL D GARRIGA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHANCE DYE	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
FLORENCE JONES	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY LOCASCIO	CHAIR	1.00	Officer Director	$0	$0	$0
RUBY HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
DR BIANCA SWEETEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM J COCHRAN SR	DIRECTOR	1.00	Director	$0	$0	$0
FRAN MCRAE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE WULFF	DIRECTOR	1.00	Director	$0	$0	$0
JOE TOMEK	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL REDDIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE STOLL	DIRECTOR	1.00	Director	$0	$0	$0
PAIEA KALLILI	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BLANCHARD	CEO	40.00	Officer	$170,965	$3,361	$174,326
GARY MOORE	CFO	40.00	Officer	$91,351	$6,714	$98,065

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
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$8,682,846	$7,049,599	$26,290,567	$1,633,247
2022	$4,468,239	$6,060,044	$20,917,514	$-1,591,805
2021	$5,577,777	$4,737,976	$23,188,330	$839,801
2020	$6,037,098	$4,411,800	$23,236,560	$1,625,298
2019	$5,374,073	$5,124,532	$21,041,691	$249,541
2018	$5,444,166	$4,997,899	$20,752,771	$446,267

BOYS AND GIRLS CLUB OF GREATER MEMPHIS