MEMPHIS CENTER FOR INDEPENDENT LIVING

EIN: 621251659 501(c)(3)

MEMPHIS, TN

Total Revenue
$447,461
Total Expenses
$426,008
Total Assets
$66,721
Net Assets
$54,963
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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
TN
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

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
Employees
8
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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