My Memphis Charitable Foundation

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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

1994

Legal Domicile

Principal Officer

Pat K Tigrett

Phone

0901525898

Tax Period

2018-06-01 to 2019-05-31

My Memphis Charitable Foundation, founded in 1994, is a small nonprofit that reported $136K in total revenue in fiscal year 2018. The organization ran a surplus of $91K, a strong 67% operating margin.

Mission

The Organization's primary purpose is to provide financial support for the preservation of Memphis' musical heritage, its musicians and technicians, the promotion of education and the advancement of healthcare and research.

Program Service Accomplishments

Program 1

Expenses: $3,477

Honor and support Memphis musicians through the preservation of the historical significance of Memphis music, demonstration of its influence on all music genres and exposing and educating the public...

Program 2

Expenses: $7,630

Provide assistance to any health care institution for research or care or any activities for the enjoyment of the handicapped or terminally ill.

Program 3

Expenses: $3,131

Provide assistance for the preservation and promotion of education through funding scholarships and preservation of literary and artistical developments.

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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 (2018)

Revenue Breakdown

Contributions & Grants $115,481

Program Service Revenue $0

Investment Income $0

Other Revenue $20,063

TOTAL REVENUE $135,544

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,238

Other Expenses $37,052

TOTAL EXPENSES $44,552

Year-over-Year Comparison

	2018	2017	Change
Revenue	$135,544	N/A	N/A
Expenses	$44,552	N/A	N/A
Net Income	$90,992	$0	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pat Kerr Tigrett	Trustee	10.00	Director	$0	$0	$0
Donald W Pemberton	Trustee	2.00	Director	$0	$0	$0
Jim Kerr	Trustee	1.00	Director	$0	$0	$0
Anna Strasberg	Trustee	1.00	Director	$0	$0	$0
Rev Audrey Gonzalez	Trustee	1.00	Director	$0	$0	$0
Sandra Rutledge	Trustee	1.00	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
2019	$135,544	$44,552	No data	$90,992
2018	$9,360	$44,231	$15,498	$-34,871