Health Educational and Housing Facility Board of the City of Memphis TN (EIN 621209024) - 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

1995

Legal Domicile

Principal Officer

Martin Edwards

Phone

9012628900

Tax Period

2024-01-01 to 2024-12-31

Health Educational and Housing Facility Board of the City of Memphis TN, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $4.0M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 71% operating margin.

Mission

Affordable housing

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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 $0

Program Service Revenue $2,975,976

Investment Income $469,379

Other Revenue $592,949

TOTAL REVENUE $4,038,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $460,612

Fundraising Expenses $0

Program Expenses $830,040

Other Expenses $725,162

TOTAL EXPENSES $1,185,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,038,304	$3,251,132	+0.2%
Expenses	$1,185,774	$1,043,330	+0.1%
Net Income	$2,852,530	$2,207,802	+0.3%

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

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
Martin Edwards	President	40.00	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	$4,038,304	$1,185,774	$17,680,592	$2,852,530
2023	$3,251,132	$1,043,330	$14,855,626	$2,207,802
2022	$3,183,025	$913,347	$12,421,538	$2,269,678
2021	$4,024,536	$724,403	$11,096,659	$3,300,133
2020	$3,786,240	$653,720	$7,795,069	$3,132,520
2019	$1,457,067	$811,404	$4,643,816	$645,663
2018	$1,198,884	$620,588	$3,644,333	$578,296

Health Educational and Housing Facility Board of the City of Memphis TN