THE MEMORIAL FOUNDATION

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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

1994

Legal Domicile

Principal Officer

SCOTT PERRY

Phone

6158229499

Tax Period

2020-01-01 to 2020-12-31

THE MEMORIAL FOUNDATION, founded in 1994, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2020. Revenue decreased 15% compared to the prior year. Expenses of $7.8M exceeded revenue, resulting in a 90% operating deficit.

Mission

THE MEMORIAL FOUNDATION MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE THROUGH SUPPORT TO NONPROFIT ORGANIZATIONS. THE FOUNDATION RESPONDS TO DIVERSE COMMUNITY NEEDS, ASSISTING AGENCIES THAT FOCUS ON: HEALTH, HUMAN AND SOCIAL SERVICES, EDUCATION, SENIOR CITIZENS, YOUTH AND CHILDREN, COMMUNITY SERVICES, AND SUBSTANCE ABUSE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $7,672,158

PROVIDING GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,509

Program Service Revenue $0

Investment Income $3,440,735

Other Revenue $637,063

TOTAL REVENUE $4,079,307

Expense Breakdown

Grants Paid $5,861,150

Salaries & Benefits $879,163

Fundraising Expenses $0

Program Expenses $7,672,158

Other Expenses $1,027,611

TOTAL EXPENSES $7,767,924

Year-over-Year Comparison

	2020	2019	Change
Revenue	$4,079,307	$4,807,992	-0.2%
Expenses	$7,767,924	$7,795,258	0.0%
Net Income	$-3,688,617	$-2,987,266	+0.2%

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

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

$668,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT PERRY	PRESIDENT	40.00	Officer	$287,960	$54,553	$342,513
JACKSON ROUTH	VICE PRESIDENT, PROGRAMS AND GRANTS	40.00	Officer	$161,167	$40,043	$201,210
JUDY MILLIKEN	VICE PRESIDENT, FINANCE	40.00	Officer	$84,993	$39,591	$124,584
FRANK GRACE JR	DIRECTOR - CHAIR	0.10	Officer Director	$0	$0	$0
FRANK M BUMSTEAD	DIRECTOR - VICE CHAIR	0.10	Officer Director	$0	$0	$0
GEORGE C PAINE II	DIRECTOR - SECRETARY	0.10	Officer Director	$0	$0	$0
ALFONZO ALEXANDER	DIRECTOR	0.10	Director	$0	$0	$0
VARINA F BUNTIN	DIRECTOR	0.10	Director	$0	$0	$0
ALLISON DEMARCUS	DIRECTOR	0.10	Director	$0	$0	$0
CHARLES W FENTRESS	DIRECTOR	0.10	Director	$0	$0	$0
FRANK GORDON	DIRECTOR	0.10	Director	$0	$0	$0
BETH LITTLE	DIRECTOR	0.10	Director	$0	$0	$0
DREW R MADDUX SR	DIRECTOR	0.10	Director	$0	$0	$0
DAVID E MCKEE MD	DIRECTOR	0.10	Director	$0	$0	$0
J EDWARD PEARSON	DIRECTOR	0.10	Director	$0	$0	$0
H EDDIE PHILLIPS	DIRECTOR	0.10	Director	$0	$0	$0
VIRGINIA PUPO-WALKER	DIRECTOR	0.10	Director	$0	$0	$0
JO SANDERS	DIRECTOR	0.10	Director	$0	$0	$0
BARBARA SPRINGER	DIRECTOR	0.10	Director	$0	$0	$0
MICHELE WILLIAMS MD	DIRECTOR	0.10	Director	$0	$0	$0
FLEMING WILT	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM P PURYEAR	DIRECTOR - EMERITUS	0.10	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
2020	$4,079,307	$7,767,924	$135,627,067	$-3,688,617
2019	$4,807,992	$7,795,258	$137,679,502	$-2,987,266
2018	$6,898,885	$8,330,485	$129,549,973	$-1,431,600