MEMPHIS LIBRARY FOUNDATION (EIN 621590768) - 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

1995

Legal Domicile

Principal Officer

CHRISTINE WEINREICH

Phone

9014152831

Tax Period

2024-07-01 to 2025-06-30

MEMPHIS LIBRARY FOUNDATION, founded in 1995, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 37% operating deficit.

Mission

MEMPHIS LIBRARY FOUNDATION TRANSFORMS MEMPHIS THROUGH KNOWLEDGE AND EXPERIENCE BY RAISING AWARENESS AND FUNDS FOR THE MEMPHIS PUBLIC LIBRARIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $401,217

Program Service Revenue $17,058

Investment Income $943,052

Other Revenue $29,163

TOTAL REVENUE $1,390,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $396,004

Fundraising Expenses $241,799

Program Expenses $1,383,619

Other Expenses $1,505,727

TOTAL EXPENSES $1,901,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,390,490	$1,126,142	+0.2%
Expenses	$1,901,731	$1,256,827	+0.5%
Net Income	$-511,241	$-130,685	+2.9%

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

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

$129,582

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE WEINREICH	EXECUTIVE DIRECTOR	40.00	Director	$129,582	$0	$129,582
GERRE CURRIE	CHAIR	4.00	Officer Director	$0	$0	$0
JONATHAN A LINDSEY	VICE-CHAIR/TREASURER	2.00	Officer Director	$0	$0	$0
JOHN LEWIS	SECRETARY	2.00	Officer Director	$0	$0	$0
JULIETTE PAUL	AT LARGE MEMBER	1.00	Director	$0	$0	$0
JACK A BELZ	DIRECTOR	1.00	Director	$0	$0	$0
TORIA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
MARIA FUHRMANN	DIRECTOR	1.00	Director	$0	$0	$0
PETYA K GRADY	DIRECTOR	1.00	Director	$0	$0	$0
CALVETTA MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
HERMAN MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN NORRIS	DIRECTOR	1.00	Director	$0	$0	$0
ALEJANDRO PAREDES	DIRECTOR	1.00	Director	$0	$0	$0
LEONARD PERKINS SR	DIRECTOR	1.00	Director	$0	$0	$0
CRADY SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
JODY SHUTZBERG	DIRECTOR	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
2025	$1,390,490	$1,901,731	$12,114,412	$-511,241
2024	$1,126,142	$1,256,827	$12,423,337	$-130,685
2023	$973,310	$1,187,749	$12,213,632	$-214,439
2022	$5,043,192	$854,658	$12,009,130	$4,188,534
2021	$1,337,152	$958,347	$9,471,882	$378,805
2020	$731,858	$545,649	$7,765,574	$186,209
2019	$709,041	$782,563	$7,424,280	$-73,522
2018	$713,477	$766,544	$7,519,713	$-53,067

MEMPHIS LIBRARY FOUNDATION