MEMPHIS OPPORTUNITY SCHOLARSHIP TRUST INC (EIN 621723618) - 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

1998

Legal Domicile

Principal Officer

E CARL KRAUSNICK

Phone

9018425328

Tax Period

2024-07-01 to 2025-06-30

MEMPHIS OPPORTUNITY SCHOLARSHIP TRUST INC, founded in 1998, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.5M left a modest 9% surplus.

Mission

PROVIDE EDUCATIONAL OPPORTUNITIES AND ASSISTANCE TO CHILDREN WHO ARE UNABLE TO ACHIEVE THE SAME OR HAVE DIFFICULTY DOING SO FOR FINANCIAL REASONS. THE MAIN FORM OF ASSISTANCE PROVIDED BY MOST IS SCHOLARSHIPS TO HELP STUDENTS FROM LOW-INCOME FAMILIES HAVE THE OPPORTUNITY TO ATTEND PRIVATE SCHOOLS IN THE MEMPHIS AREA THAT CHARGE TUITION.

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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 $1,395,496

Program Service Revenue $0

Investment Income $183,350

Other Revenue $50,865

TOTAL REVENUE $1,629,711

Expense Breakdown

Grants Paid $1,086,164

Salaries & Benefits $311,622

Fundraising Expenses $126,854

Program Expenses $1,086,164

Other Expenses $79,013

TOTAL EXPENSES $1,476,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,629,711	$1,799,579	-0.1%
Expenses	$1,476,799	$1,546,743	0.0%
Net Income	$152,912	$252,836	-0.4%

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

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

$142,661

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E CARL KRAUSNICK JR	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TRENT D WILLIAMSON	DIRECTOR	1.00	Director	$0	$0	$0
ELLIS L HAGUEWOOD	DIRECTOR	1.00	Director	$0	$0	$0
MARY SCHELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE T DICKINSON	DIRECTOR	1.00	Director	$0	$0	$0
HAL FOGELMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH MCBRIDE II	DIRECTOR	1.00	Director	$0	$0	$0
CALVIN SULLIVAN	TREASURER	1.00	Officer Director	$0	$0	$0
BOB SOLMSON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MELONI	DIRECTOR	1.00	Director	$0	$0	$0
ABBEY S COWENS	PAST EXECUTIVE DIRECTOR	40.00	Officer	$133,774	$8,887	$142,661
JOSEFINA SHIRLEY	CURRENT EXECUTIVE DIRECTOR	40.00	Officer	$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	$1,629,711	$1,476,799	$7,956,888	$152,912
2024	$1,799,579	$1,546,743	$7,824,741	$252,836
2023	$1,847,486	$1,403,489	$7,501,630	$443,997
2022	$3,879,081	$1,372,146	$7,081,420	$2,506,935
2021	$634,644	$1,242,943	$4,807,451	$-608,299
2020	$695,817	$1,213,763	$5,428,696	$-517,946
2019	$1,132,358	$1,367,465	$5,977,776	$-235,107

MEMPHIS OPPORTUNITY SCHOLARSHIP TRUST INC