Memphis Challenge Inc (EIN 621400107) - 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

1989

Legal Domicile

Phone

9016855455

Tax Period

2024-01-01 to 2024-12-31

Memphis Challenge Inc, founded in 1989, is a small nonprofit that reported $358K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $328K left a modest 8% surplus.

Mission

THE PURPOSE OF MEMPHIS CHALLENGE IS TO MATCH GIFTED, BUT UNDER-REPRESENTED MEMPHIS HIGH SCHOOL students of color with top-tier colleges and universities and scholarship offerings offered by prestigious colleges and universities.

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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 $390,205

Program Service Revenue $7,382

Investment Income $0

Other Revenue $-39,689

TOTAL REVENUE $357,898

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $229,236

Fundraising Expenses $17,802

Program Expenses $222,840

Other Expenses $93,232

TOTAL EXPENSES $328,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,898	$309,907	+0.2%
Expenses	$328,468	$341,453	0.0%
Net Income	$29,430	$-31,546	-1.9%

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

$135,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORIE RIVERS	TREASURER	4.0	Officer Director	$0	$0	$0
DR ESMOND ARRINDELL	CHAIRMAN	2.0	Officer Director	$0	$0	$0
JR HYDE III	PRESIDENT	2.0	Officer Director	$0	$0	$0
WENDY SUMNER-WINTER	SECRETARY	2.0	Officer Director	$0	$0	$0
BRYAN J BARRINGER	DIRECTOR	2.0	Director	$0	$0	$0
CATHY DEAN	DIRECTOR	2.0	Director	$0	$0	$0
CHARLIE PLEAS IIII	DIRECTOR	2.0	Director	$0	$0	$0
DONNA T SANDERS	DIRECTOR	2.0	Director	$0	$0	$0
DR OTIS ANDERSON III	DIRECTOR	2.0	Director	$0	$0	$0
DR RYCHETTA WATKINS	DIRECTOR	2.0	Director	$0	$0	$0
ELIZABETH GILLESPIE	DIRECTOR	2.0	Director	$0	$0	$0
JILL LOPEZ	DIRECTOR	2.0	Director	$0	$0	$0
LANI D LESTER	DIRECTOR	2.0	Director	$0	$0	$0
PAMELA SHIELDS	DIRECTOR	2.0	Director	$0	$0	$0
CASSANDRA WEBSTER	EXECUTIVE DIRECTOR	30.0	Officer	$121,067	$14,519	$135,586

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	$357,898	$328,468	$172,482	$29,430
2023	$309,907	$341,453	$143,052	$-31,546
2022	$312,432	$343,244	$175,598	$-30,812
2021	$382,346	$225,363	$204,689	$156,983
2020	$211,190	$266,842	$88,171	$-55,652
2019	$250,145	$308,136	$103,631	$-57,991
2018	$310,544	$321,999	$162,127	$-11,455

Memphis Challenge Inc