THE CLARENCE DAY FOUNDATION

EIN: 621441490 501(c)(3)

MEMPHIS, TN

Total Revenue
$100,000
Total Expenses
$1,754,041
Total Assets
$51,942
Net Assets
$51,942
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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
TN
Principal Officer
ROBERT M FOCKLER
Phone
9017284600
Tax Period
2024-05-01 to 2025-04-30

THE CLARENCE DAY FOUNDATION, founded in 1989, is a small nonprofit that reported $100K in total revenue in fiscal year 2024. Expenses of $1.8M exceeded revenue, resulting in a 1654% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ASSIST THE COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. IN CARRYING OUT ITS CHARITABLE MISSION.

Program Service Accomplishments

Program 1
Expenses: $1,735,100

THE FOUNDATION'S ONLY PROGRAM IS TO ACCEPT PROPERTY FOR USE EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN AND FOR THE BENEFIT OF MEMPHIS AND SHELBY...

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THE FOUNDATION'S ONLY PROGRAM IS TO ACCEPT PROPERTY FOR USE EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN AND FOR THE BENEFIT OF MEMPHIS AND SHELBY COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $1,727,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,735,100
Other Expenses $26,441
TOTAL EXPENSES $1,754,041

Year-over-Year Comparison

2024 2023 Change
Revenue $100,000 N/A N/A
Expenses $1,754,041 $10,470 +166.5%
Net Income $-1,654,041 $-10,470 +157.0%
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
7
Independent Members
4
Employees
N/A
Volunteers
7

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
5
$881,055
Total Directors
7
$881,055
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT M FOCKLER PRESIDENT 1.00
Officer Director
$0 $50,479 $455,196
BARBARA S MORA ASSISTANT SECRETARY 1.00
Officer Director
$0 $30,543 $252,193
GARY ZWIERZYNSKI TREASURER START 9.3.24 1.00
Officer Director
$0 $27,261 $173,666
C THOMAS WHITMAN DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM G GRIESBECK DIRECTOR 1.00
Director
$0 $0 $0
J MARTIN REGAN JR SECRETARY 1.00
Officer Director
$0 $0 $0
J RICHARD BUCHIGNANI CHAIR 1.00
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 $100,000 $1,754,041 $51,942 $-1,654,041
2024 No data $10,470 $1,705,983 No data
2023 $7,520 $11,146 $1,717,428 $-3,626
2022 $7,520 $7,520 $1,720,079 No data
2021 $7,520 $7,520 $1,727,600 No data
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