Memphis Area Legal Services Inc

EIN: 620841436 501(c)(3) Crime & Legal

Memphis, TN

Total Revenue
$3,219,715
Total Expenses
$3,778,041
Total Assets
$3,004,735
Net Assets
$1,676,168
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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
Nicole M Grida
Phone
9015238822
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

MALS is a non-profit law firm whose mission is to provide excellence in legal advocacy for those in need.

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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 $3,211,861
Program Service Revenue $0
Investment Income $7,854
Other Revenue $0
TOTAL REVENUE $3,219,715

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,694,490
Fundraising Expenses $23,866
Program Expenses $3,000,265
Other Expenses $1,083,551
TOTAL EXPENSES $3,778,041

Year-over-Year Comparison

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%
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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Governance

Voting Members
17
Independent Members
17
Employees
52
Volunteers
80

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
2
$195,927
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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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