Habitat for Humanity of Greater Memphis (EIN 621157233) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Phone

9017614771

Tax Period

2023-07-01 to 2024-06-30

Habitat for Humanity of Greater Memphis, founded in 1983, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $17.2M exceeded revenue, resulting in a 29% operating deficit.

Mission

HABITAT FOR HUMANITY WORKS IN PARTNERSHIP WITH GOD AND PEOPLE EVERYWHERE TO DEVELOP COMMUNITIES WITH PEOPLE IN NEED BY BUILDING HOUSES SO THAT THERE ARE DECENT HOMES IN DECENT COMMUNITIES SO THAT EVERY PERSON CAN LIVE AND GROW INTO ALL THAT GOD INTENDS.

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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 $7,937,609

Program Service Revenue $2,334,444

Investment Income $1,167,735

Other Revenue $1,892,843

TOTAL REVENUE $13,332,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,596,731

Fundraising Expenses $1,882,010

Program Expenses $13,828,061

Other Expenses $11,635,173

TOTAL EXPENSES $17,231,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,332,631	$14,394,522	-0.1%
Expenses	$17,231,904	$16,472,959	+0.0%
Net Income	$-3,899,273	$-2,078,437	+0.9%

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

Volunteers

1000

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

$608,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aarthi Rodriguez	Board Member	1.0	Director	$0	$0	$0
Alex Turley	Board Member	1.0	Director	$0	$0	$0
Alisa Haushalter	Board Member	1.0	Director	$0	$0	$0
Austin Burress	Board Member	1.0	Director	$0	$0	$0
Bill Stemmler	Board Member	1.0	Director	$0	$0	$0
David Bradford	Secretary	1.0	Director	$0	$0	$0
David Middleton	Member-At-Large	1.0	Director	$0	$0	$0
Denise McCullough	Board Member	1.0	Director	$0	$0	$0
Derna Greenberg	Board Member	1.0	Director	$0	$0	$0
Gerre Currie	Chair	1.0	Director	$0	$0	$0
Jennifer Mason	Board Member	1.0	Director	$0	$0	$0
Jerome Franklin	Vice Chair	1.0	Director	$0	$0	$0
John Stemmler	Treasurer	1.0	Director	$0	$0	$0
Joseph Ford Canale	Board Member	1.0	Director	$0	$0	$0
Kathy Fellenstein	Board Member	1.0	Director	$0	$0	$0
Louis Brownlee	Board Member	1.0	Director	$0	$0	$0
Lucinda Williams	Board Member	1.0	Director	$0	$0	$0
Michael Fulton	Board Member	1.0	Director	$0	$0	$0
Pat Lichterman	Board Member	1.0	Director	$0	$0	$0
Ron Smith	Board Member	1.0	Director	$0	$0	$0
Tom Faller	Board Member	1.0	Director	$0	$0	$0
Dwayne Spencer	President & CEO	40.0	Officer	$238,924	$17,291	$256,215
Lori Humber	COO	40.0	Officer	$109,896	$27,976	$137,872
Stacy Davis	CFO	40.0	Officer	$48,606	$12,013	$60,619
Stephen Waring	CFO	40.0	Officer	$149,306	$4,926	$154,232
Jessica Hord	Director, Communications & Marketing	40.0	Highest	$108,920	$21,166	$130,086
Julia Romine	Director, Programs	40.0	Highest	$128,957	$13,758	$142,715

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	$13,332,631	$17,231,904	$25,256,044	$-3,899,273
2023	$14,394,522	$16,472,959	$23,867,621	$-2,078,437
2022	$20,354,401	$10,788,903	$26,549,667	$9,565,498
2021	$12,248,424	$10,236,053	$13,622,959	$2,012,371
2020	$8,023,297	$9,451,204	$12,503,220	$-1,427,907
2019	$9,761,593	$10,738,601	$13,354,479	$-977,008

Habitat for Humanity of Greater Memphis