MEMPHIS CENTER FOR INDEPENDENT LIV… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

TIM WHEAT

Phone

9017266404

Tax Period

2023-10-01 to 2024-09-30

MEMPHIS CENTER FOR INDEPENDENT LIVING, founded in 1985, is a small nonprofit that reported $447K in total revenue in fiscal year 2023. Expenses of $426K left a modest 5% surplus.

Mission

ADVOCATE, EDUCATE AND UNITE COMMUNITIES

Program Service Accomplishments

Program 1

Expenses: $350,303

TO PROMOTE THE FULL INTEGRATION OF PEOPLE WITH DISABILITIES INTO ALL ASPECTS OF COMMUNITY LIFE BY PROVIDING INFORMATION AND REFERRALS, PEER COUNSELING AND ADVOCACY.

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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 $442,781

Program Service Revenue $0

Investment Income $86

Other Revenue $4,594

TOTAL REVENUE $447,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,042

Fundraising Expenses $0

Program Expenses $350,303

Other Expenses $74,966

TOTAL EXPENSES $426,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,461	$465,794	0.0%
Expenses	$426,008	$434,290	0.0%
Net Income	$21,453	$31,504	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM GRIFFIN	CHAIR	N/A	Officer Director	$0	$0	$0
CHRISANN SCHIRO-GEIST	VICE CHAIR	N/A	Officer Director	$0	$0	$0
ANTHONY SLEDGE	TREASURER	N/A	Officer Director	$0	$0	$0
GARY SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
CHRIS WARRINGTON	SERETARY	N/A	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	No data	No data	No data	No data
2024	$447,461	$426,008	$66,721	$21,453
2023	$465,794	$434,290	$55,557	$31,504
2022	$398,169	$420,025	$39,490	$-21,856
2021	$422,131	$428,717	$36,236	$-6,586
2020	$452,935	$432,001	$53,734	$20,934
2019	$326,182	$338,384	$33,052	$-12,202
2018	$326,005	$356,708	$51,906	$-30,703

MEMPHIS CENTER FOR INDEPENDENT LIVING