Memphis Challenge Inc

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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 GOAL OF MEMPHIS CHALLENGE IS TO ENSURE THE REGION'S MOST TALENTED MINORITY STUDENTS BRING THEIR EDUCATION, EXPERTISE, AND CONNECTIONS BACK TO MEMPHIS.

Program Service Accomplishments

Program 1

Expenses: $222,840 Revenue: $0

THE JR. MEMPHIS AND MEMPHIS CHALLENGE PROGRAM PROVIDES UNDER REPRESENTED HIGH ACHIEVING STUDENTS OF COLOR AN OPPORTUNITY TO DEVELOP BEYOND. MEMPHIS CHALLENGE OFFERS MONTHLY WORKSHOPS FOR 9TH, 10TH...

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

Program 2

Expenses: $0 Revenue: $7,382

SOLE (SUMMER ONLINE LEARNING EXPERIENCE) IS A VIRTUAL MATH ACADEMY THAT IS OFFERED FOR STUDENTS IN GRADES 3-12 DURING THE SUMMER TO COMBAT SUMMER SLIDE (LEARNING LOSS). SOLE IS POWERED THRU ALEK...

SOLE (SUMMER ONLINE LEARNING EXPERIENCE) IS A VIRTUAL MATH ACADEMY THAT IS OFFERED FOR STUDENTS IN GRADES 3-12 DURING THE SUMMER TO COMBAT SUMMER SLIDE (LEARNING LOSS). SOLE IS POWERED THRU ALEK SOFTWARE. MEMPHIS CHALLENGE OFFERS WEEKLY PARENT UPDATES AND IS BUILDING A COMMUNITY OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) ENTHUSIASTS (155 PERSONS BENEFITED).

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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
2025	No data	No data	No data	No data
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