FIRE DEPARTMENT MUSEUM OF MEMPHIS INC

EIN: 621557551 501(c)(3) Arts, Culture & Humanities

Memphis, TN

Total Revenue
$453,032
Total Expenses
$767,738
Total Assets
$2,859,408
Net Assets
$2,687,105
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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

Legal Domicile
TN
Principal Officer
KIMBERLY CRAFTON
Phone
9016365651
Tax Period
2023-01-01 to 2023-12-31

FIRE DEPARTMENT MUSEUM OF MEMPHIS INC is a small nonprofit in the Arts, Culture & Humanities sector that reported $453K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $768K exceeded revenue, resulting in a 69% operating deficit.

Mission

OPERATION OF FIRE DEPARTMENT MUSEUM

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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 $127,083
Program Service Revenue $323,329
Investment Income $0
Other Revenue $2,620
TOTAL REVENUE $453,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $265,016
Fundraising Expenses $130
Program Expenses $222,307
Other Expenses $502,722
TOTAL EXPENSES $767,738

Year-over-Year Comparison

2023 2022 Change
Revenue $453,032 $485,694 -0.1%
Expenses $767,738 $766,612 +0.0%
Net Income $-314,706 $-280,918 +0.1%
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
15
Independent Members
15
Employees
12
Volunteers
25

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
1
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM CRAFTON EXECUTIVE DIRECTOR N/A
Officer
$0 $0 $0
PHIL DAGASTINO CHAIRMAN N/A
Director
$0 $0 $0
TIM MCCULLOUGH PAST CHAIR N/A
Director
$0 $0 $0
TYLER MCBRIDE EXECUTIVE MEMBER N/A
Director
$0 $0 $0
LARRY ANTHONY MEMBER N/A
Director
$0 $0 $0
COLIN BURRESS EXECUTIVE MEMBER N/A
Director
$0 $0 $0
DANIELLE INEZ MEMBER N/A
Director
$0 $0 $0
WILLIAM HICKERSON MEMBER N/A
Director
$0 $0 $0
THOMAS MALONE MEMBER N/A
Director
$0 $0 $0
HENRY POSEY MEMBER N/A
Director
$0 $0 $0
GINA SWEAT MEMBER N/A
Director
$0 $0 $0
HOPE LLOYD MEMBER N/A
Director
$0 $0 $0
JOE PAYNE MEMBER N/A
Director
$0 $0 $0
JENNIFER TAYLOR MEMBER N/A
Director
$0 $0 $0
LARRY NEWSOM BOARD MEMBER N/A
Director
$0 $0 $0
HENRY POSEY MEMBER N/A
Director
$0 $0 $0
LAPACUS FAULKNER MEMBER N/A
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
2024 No data No data No data No data
2023 $453,032 $767,738 $2,859,408 $-314,706
2022 $485,694 $766,612 $3,155,742 $-280,918
2021 $1,085,346 $699,589 $3,467,648 $385,757
2020 $324,390 $511,186 $3,140,566 $-186,796
2019 $349,687 $547,861 $3,257,687 $-198,174
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