Life Choices of Memphis Inc (EIN 621281799) - 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

1990

Legal Domicile

Principal Officer

Shelley Sumner

Phone

9013881172

Tax Period

2024-07-01 to 2025-06-30

Life Choices of Memphis Inc, founded in 1990, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

Life Choices exists to educate and empower women to choose and cherish life.

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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 $1,665,566

Program Service Revenue $70,092

Investment Income $38,480

Other Revenue $-63,898

TOTAL REVENUE $1,710,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,456,951

Fundraising Expenses $357,538

Program Expenses $1,483,367

Other Expenses $595,030

TOTAL EXPENSES $2,051,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,710,240	$1,884,459	-0.1%
Expenses	$2,051,981	$1,890,046	+0.1%
Net Income	$-341,741	$-5,587	+60.2%

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

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

$169,029

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Allen	Director	1.00	Director	$0	$0	$0
Dr Tom Gray	Director Non-voting	1.00	Director	$0	$0	$0
Kimberly Harris	Director	1.00	Director	$0	$0	$0
Karen McNeil	Director	1.00	Director	$0	$0	$0
Marla Northcut	Vice Chairman	1.00	Director	$0	$0	$0
Leslie Phillips	Secretary	1.00	Director	$0	$0	$0
Joe Rowell	Chairman	1.00	Director	$0	$0	$0
Curt Cromis	Director	1.00	Director	$0	$0	$0
Shelley Sumner	CEO	40.00	Officer	$87,235	$2,826	$90,061
Cathy Schroeder	CFO	40.00	Officer	$76,575	$2,393	$78,968

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	$1,710,240	$2,051,981	$1,577,977	$-341,741
2024	$1,884,459	$1,890,046	$1,976,653	$-5,587
2023	$1,949,242	$1,781,125	$2,051,701	$168,117
2022	$1,701,279	$1,526,635	$1,777,864	$174,644
2021	$1,734,403	$1,482,743	$1,562,433	$251,660
2020	$1,388,140	$1,450,047	$1,463,873	$-61,907
2019	$1,153,563	$1,336,091	$1,387,078	$-182,528

Life Choices of Memphis Inc