Memphis Health Center Inc

EIN: 620818892 501(c)(3)

Memphis, TN

Total Revenue
$13,607,441
Total Expenses
$15,569,130
Total Assets
$12,640,772
Net Assets
$11,974,306
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
TN
Principal Officer
Lois Stockton
Phone
9012612009
Tax Period
2024-06-01 to 2025-05-31

Memphis Health Center Inc, founded in 1970, is a mid-sized nonprofit that reported $13.6M in total revenue in fiscal year 2024. Expenses of $15.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

Healthcare services to Low-income individuals to provide safe, quality, affordable, effective, and comprehensive health care services to the citizens of Shelby and Fayette counties.

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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 $7,778,098
Program Service Revenue $5,829,343
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,607,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,455,144
Fundraising Expenses $0
Program Expenses $9,642,505
Other Expenses $5,113,986
TOTAL EXPENSES $15,569,130

Year-over-Year Comparison

2024 2023 Change
Revenue $13,607,441 $13,306,833 +0.0%
Expenses $15,569,130 $15,751,331 0.0%
Net Income $-1,961,689 $-2,444,498 -0.2%
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
11
Independent Members
11
Employees
176
Volunteers
N/A

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
$579,856
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lois Stockton Chairman 1.00
Officer Director
$0 $0 $0
Coleman Thompson Vice Chairman 1.00
Officer Director
$0 $0 $0
Mark Walls Treasurer 1.00
Officer Director
$0 $0 $0
Brinders Jones Board Member 1.00
Director
$0 $0 $0
Howard Demesma Board Member 1.00
Director
$0 $0 $0
Myles Wilson Board Member 1.00
Director
$0 $0 $0
Danny Woods Board Member 1.00
Director
$0 $0 $0
Toleda Burton Board Member 1.00
Director
$0 $0 $0
Geoffrey Diaz Board Member 1.00
Director
$0 $0 $0
Katrina Thompson Secretary 1.00
Director
$0 $0 $0
Sandra Burgess Board Member 1.00
Officer Director
$0 $0 $0
Dorothette White CFO 40.00
$130,100 $0 $130,100
Marilyn Burres CEO 40.00
Officer Highest
$336,865 $0 $336,865
Manhar Gandhi Physician 40.00
Highest
$211,116 $0 $211,116
Joseph Lawrence Physician 40.00
Highest
$212,582 $0 $212,582
Robert Decolli CMO 40.00
Officer Highest
$242,991 $0 $242,991
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 $13,607,441 $15,569,130 $12,640,772 $-1,961,689
2024 $13,306,833 $15,751,331 $19,299,326 $-2,444,498
2023 $15,643,485 $14,011,839 $18,645,705 $1,631,646
2022 $14,867,827 $12,869,528 $16,358,309 $1,998,299
2021 $15,302,859 $12,251,514 $15,952,120 $3,051,345
2021 $15,869,554 $12,363,156 $16,269,481 $3,506,398
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