ALZHEIMERS & DEMENTIA SERVICES OF MEMPHIS INC (EIN 621179871) - 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

Principal Officer

Katrina Thompson

Phone

9013724585

Tax Period

2024-07-01 to 2025-06-30

ALZHEIMERS & DEMENTIA SERVICES OF MEMPHIS INC, founded in 1983, is a small nonprofit that reported $751K in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 83% operating deficit.

Mission

ADS is a not for profit voluntary health and welfare agency established to provide adult care services to persons with Alzheimer's disease and related disorders.

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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 (2024)

Revenue Breakdown

Contributions & Grants $162,671

Program Service Revenue $582,994

Investment Income $5,580

Other Revenue $0

TOTAL REVENUE $751,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $950,880

Fundraising Expenses $8,966

Program Expenses $1,366,338

Other Expenses $415,458

TOTAL EXPENSES $1,375,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$751,245	$711,840	+0.1%
Expenses	$1,375,304	$1,352,011	+0.0%
Net Income	$-624,059	$-640,171	0.0%

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

378

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katrina Thompson	President	1	Officer Director	$0	$0	$0
Leslie Smith-Thomas	Vice President	1	Officer Director	$0	$0	$0
Ellen Edge	Treasurer	1	Director	$0	$0	$0
Brinders Jones MD	Secretary	1	Director	$0	$0	$0
Vivian Collier-Nelson	Director	1	Officer Director	$0	$0	$0
Demetris Graham	Director	1	Officer Director	$0	$0	$0
Naomi Jacobs	Director	1	Officer Director	$0	$0	$0
Jacque Jenkins	Director	1	Director	$0	$0	$0
Kevin Little	Director	1	Director	$0	$0	$0
Paula Miller	Director	1	Director	$0	$0	$0
Jacqueline Wallace	Director	1	Director	$0	$0	$0
Caroline Winters	Director	1	Director	$0	$0	$0
Lonnie Robinson	Director	1	Officer Director	$0	$0	$0
Judy Martin	Executive Director	40	Officer 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
2025	$751,245	$1,375,304	$5,277,723	$-624,059
2024	No data	No data	No data	No data
2023	$3,414,813	$1,413,334	$6,470,897	$2,001,479
2022	$1,237,591	$1,233,526	$4,350,343	$4,065
2021	$2,133,712	$1,405,352	$4,866,660	$728,360
2020	$1,618,415	$1,483,977	$3,931,666	$134,438
2019	$1,770,291	$1,655,413	$3,793,235	$114,878

ALZHEIMERS & DEMENTIA SERVICES OF MEMPHIS INC