Memphis, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Memphis Area Legal Services Inc, founded in 1970, is a community nonprofit in the Crime & Legal sector that reported $3.2M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 17% operating deficit.
MALS is a non-profit law firm whose mission is to provide excellence in legal advocacy for those in need. The vision is to promote justice for those in need. To carry out its mission, MALS delivery of client services is provided through a law unit structure.
Memphis Area Legal Services, Inc provides legal representation and consultation to qualifying individuals in their service area.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,219,715 | $4,783,408 | -0.3% |
| Expenses | $3,778,041 | $4,253,348 | -0.1% |
| Net Income | $-558,326 | $530,060 | -2.1% |
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 |
|---|---|---|---|---|---|---|
| Nicole M Grida | Chief Executive Officer | 60.00 |
Officer
|
$94,405 | $0 | $94,405 |
| Gortria Banks | Chief Operating Officer | 55.00 |
Officer
|
$101,522 | $0 | $101,522 |
| Amber Floyd | President | 8.00 |
Director
|
$0 | $0 | $0 |
| Paul Tuberville | Vice President | 3.00 |
Director
|
$0 | $0 | $0 |
| Fredricka Brown | Secretary | 2.00 |
Director
|
$0 | $0 | $0 |
| Cindy MacAulay | Treasurer | 5.00 |
Director
|
$0 | $0 | $0 |
| Leslie Gattas | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Maureen Holland | Board Member | 6.00 |
Director
|
$0 | $0 | $0 |
| Contrina Luckett | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Aurelia McBride | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Alexandra Porto | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kristine Roberts | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Shelvie Rose | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Andre Wharton | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,219,715 | $3,778,041 | $3,004,735 | $-558,326 |
| 2023 | $4,783,408 | $4,253,348 | $3,665,939 | $530,060 |
| 2022 | $3,723,052 | $3,206,496 | $2,822,363 | $516,556 |
| 2021 | $4,149,468 | $4,276,391 | $1,404,152 | $-126,923 |
| 2020 | $4,787,632 | $4,131,699 | $1,969,638 | $655,933 |
| 2019 | $4,225,568 | $4,556,127 | $1,286,264 | $-330,559 |
| 2018 | $4,508,476 | $4,353,500 | $1,542,989 | $154,976 |
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