THE GRACE FOUNDATION OF MEMPHIS INC (EIN 621469984) - 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

SHANA R SOUTH

Phone

9016826201

Tax Period

2017-05-01 to 2018-04-30

THE GRACE FOUNDATION OF MEMPHIS INC, founded in 1990, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2017. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ASSIST CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS AND THE MID-SOUTH, INC. IN CARRYING OUT ITS CHARITABLE MISSION.

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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 (2017)

Revenue Breakdown

Contributions & Grants $200,000

Program Service Revenue $0

Investment Income $1,120,936

Other Revenue $-16,591

TOTAL REVENUE $1,304,345

Expense Breakdown

Grants Paid $1,360,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,360,000

Other Expenses $161,942

TOTAL EXPENSES $1,521,942

Year-over-Year Comparison

	2017	2016	Change
Revenue	$1,304,345	$2,712,791	-0.5%
Expenses	$1,521,942	$1,728,362	-0.1%
Net Income	$-217,597	$984,429	-1.2%

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

N/A

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

$396,745

Total Directors

$206,208

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY L SMITH	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
MARY ELIZABETH SMITH	VICE CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
BRENDA BRAZLEY	SECRETARY	1.00	Officer Director	$0	$6,833	$92,242
THOMAS R DYER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANA R SOUTH	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$24,277	$113,966
B REX JONES	PRESIDENT/CHIEF EXECUTIVE	1.00	Officer	$0	$18,258	$190,537

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
2018	$1,304,345	$1,521,942	$34,748,438	$-217,597

THE GRACE FOUNDATION OF MEMPHIS INC