KARAMU NUTRITION PROGRAM INC

EIN: 621510796 501(c)(3) Food, Agriculture & Nutrition

MEMPHIS, TN

Total Revenue
$8,590,273
Total Expenses
$8,601,743
Total Assets
$1,153,612
Net Assets
$308,021
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TN
Principal Officer
TONY L CORLEY
Phone
9013278401
Tax Period
2023-10-01 to 2024-09-30

KARAMU NUTRITION PROGRAM INC, founded in 1992, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $8.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LOW COST, HIGH QUALITY SERVICES TO TENNESSEE'S CHILDCARE PROVIDERS AND THE CHILDREN AND FAMILIES THEY SERVE, AND SPONSORSHIP TO USDA'S CHILD AND ADULT CARE FOOD PROGRAM WHICH PROVIDES NUTRITIOUS FOODS CONTRIBUTING TO THE WELLNESS, HEALTHY GROWTH, AND DEVELOPMENT OF YOUNG CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $8,362,494 Revenue: $8,573,884

CHILD AND ADULT CARE FOOD PROGRAM

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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 (2023)

Revenue Breakdown

Contributions & Grants $16,389
Program Service Revenue $8,571,455
Investment Income $0
Other Revenue $2,429
TOTAL REVENUE $8,590,273

Expense Breakdown

Grants Paid $7,645,245
Salaries & Benefits $623,198
Fundraising Expenses $0
Program Expenses $8,362,494
Other Expenses $333,300
TOTAL EXPENSES $8,601,743

Year-over-Year Comparison

2023 2022 Change
Revenue $8,590,273 $7,867,353 +0.1%
Expenses $8,601,743 $7,924,284 +0.1%
Net Income $-11,470 $-56,931 -0.8%
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
8
Independent Members
5
Employees
12
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
3
$203,487
Total Directors
8
$203,487
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR VERA CORLEY-SIMS EXECUTIVE DIRECTOR 40.00
Officer Director
$99,000 $0 $99,000
TONY L CORLEY PRESIDENT 40.00
Officer Director
$55,008 $0 $55,008
EARL JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
CHARLES TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
TYRONE BENNETT CHAIRMAN 1.00
Director
$0 $0 $0
SHASTA BLUE DIRECTOR 1.00
Director
$0 $0 $0
ANGELA JONES BOARD MEMBER 1.00
Director
$0 $0 $0
TYWANA SEWARD-CORLEY SECRETARY 40.00
Officer Director
$49,479 $0 $49,479
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 $8,590,273 $8,601,743 $1,153,612 $-11,470
2023 $7,867,353 $7,924,284 $1,143,739 $-56,931
2022 $7,417,091 $7,292,702 $1,039,726 $124,389
2021 $7,053,466 $6,967,066 $953,103 $86,400
2020 $6,293,103 $6,248,838 $892,299 $44,265
2019 $7,528,350 $7,593,965 $764,949 $-65,615
2018 $7,636,628 $7,689,437 $878,637 $-52,809
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