KLONDIKE SMOKEY CITY COMMUNITY DEVELOPMENT CORPORA

EIN: 621653535 501(c)(3) Arts, Culture & Humanities

Memphis, TN

Total Revenue
$545,809
Total Expenses
$619,127
Total Assets
$157,957
Net Assets
$152,447
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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
1999
Legal Domicile
TN
Principal Officer
QUINCEY MORRIS
Phone
9015279491
Tax Period
2023-01-01 to 2023-12-31

KLONDIKE SMOKEY CITY COMMUNITY DEVELOPMENT CORPORA, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $546K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $619K exceeded revenue, resulting in a 13% operating deficit.

Mission

To improve the economic health of the North Memphis Communities through community, workforce and family development initiatives.

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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 $441,293
Program Service Revenue $104,516
Investment Income $0
Other Revenue $0
TOTAL REVENUE $545,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $325,350
Fundraising Expenses $0
Program Expenses $297,907
Other Expenses $293,777
TOTAL EXPENSES $619,127

Year-over-Year Comparison

2023 2022 Change
Revenue $545,809 $805,551 -0.3%
Expenses $619,127 $804,937 -0.2%
Net Income $-73,318 $614 -120.4%
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
11
Independent Members
N/A
Employees
8
Volunteers
100

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
2
$75,000
Total Directors
10
$75,000
Key Employees
1
$75,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Quincey Morris Executive Director 40.00
Officer Director Key Emp
$75,000 $0 $75,000
Willie Mae Brooks Financial Secretary 5.00
Officer
$0 $0 $0
Mary Brooks Secretary 5.00
Director
$0 $0 $0
Dr Walter J Green Board Member 5.00
Director
$0 $0 $0
Willie Griffin Jr Board Member 5.00
Director
$0 $0 $0
Vanessa Holloway Board Member 5.00
Director
$0 $0 $0
Felicia Mitchell Board Member 5.00
Director
$0 $0 $0
Dr Andre' Johnson Board Member 5.00
Director
$0 $0 $0
Betty Jones Board Member 5.00
Director
$0 $0 $0
Mary Wainwright Board Member 5.00
Director
$0 $0 $0
Ruby Watkins Board Member 5.00
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
2024 No data No data No data No data
2024 No data No data No data No data
2023 $545,809 $619,127 $157,957 $-73,318
2022 $805,551 $804,937 $185,935 $614
2021 $628,242 $571,611 $179,768 $56,631
2020 $599,108 $568,885 $99,240 $30,223
2019 $201,682 $192,569 $203,805 $9,113
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