Lowenstein House Inc

EIN: 621036037 501(c)(3) Human Services

Memphis, TN

Total Revenue
$555,547
Total Expenses
$642,338
Total Assets
$659,851
Net Assets
$347,585
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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
1977
Legal Domicile
TN
Principal Officer
Billy Heard
Phone
9012745486
Tax Period
2023-07-01 to 2024-06-30

Lowenstein House Inc, founded in 1977, is a small nonprofit in the Human Services sector that reported $556K in total revenue in fiscal year 2023. Expenses of $642K exceeded revenue, resulting in a 16% operating deficit.

Mission

Vocational training for the mentally ill.

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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 (2023)

Revenue Breakdown

Contributions & Grants $544,266
Program Service Revenue $11,281
Investment Income $0
Other Revenue $0
TOTAL REVENUE $555,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $440,442
Fundraising Expenses $0
Program Expenses $103,532
Other Expenses $201,896
TOTAL EXPENSES $642,338

Year-over-Year Comparison

2023 2022 Change
Revenue $555,547 $536,286 +0.0%
Expenses $642,338 $630,283 +0.0%
Net Income $-86,791 $-93,997 -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
10
Independent Members
10
Employees
10
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
0
$0
Total Directors
9
$75,000
Key Employees
2
$75,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey Higgs President 100.00
Key Emp Highest
$0 $0 $0
Belinda Y Allen Secretary 3.00
Director
$0 $0 $0
Matt Dillon Board Member 3.00
Director
$0 $0 $0
Dr Deirdre Smith Board Member 3.00
Director
$0 $0 $0
Otis Fox Board Member 3.00
Director
$0 $0 $0
Melinda Hardin Board Member 3.00
Director
$0 $0 $0
Lauren D Hearne Board Member 3.00
Director
$0 $0 $0
Clarrisa Richardson Board Member 3.00
Director
$0 $0 $0
Howard R Richardson Board Member 3.00
Director
$0 $0 $0
Billy Heard Executive Director 40.00
Director Key Emp
$75,000 $0 $75,000
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 $555,547 $642,338 $659,851 $-86,791
2023 $536,286 $630,283 $758,773 $-93,997
2022 $656,676 $741,192 $868,337 $-84,516
2021 No data No data No data No data
2020 $1,394,724 $1,738,635 $1,405,570 $-343,911
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