Cordova, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMPHIS-AREA HOME EDUCATION ASSOCIATION INC, founded in 1984, is a small nonprofit in the Education sector that reported $310K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $290K left a modest 6% surplus.
Serves homeschool families by providing supports, encouragement & assistance; advancing the cause of home education in the Mid-South Area
CODE 711210 MHEA Sports teams - Provide the opportunity for area homeschool students to participate in school sports. MHEA sports teams include: baseball, basketball, cross country, golf, soccer...
CODE 711210 MHEA Sports teams - Provide the opportunity for area homeschool students to participate in school sports. MHEA sports teams include: baseball, basketball, cross country, golf, soccer, softball, swimming, tennis, track and field, volleyball, and water polo
CODE 611710 MHEA LOGOS First (fka Renewed Moms Support Group) - MHEA sponsored support group that provides family supports to area homeschool families that include classroom classes for students and...
CODE 611710 MHEA LOGOS First (fka Renewed Moms Support Group) - MHEA sponsored support group that provides family supports to area homeschool families that include classroom classes for students and support classes for homeschool mothers
CODE 611710 MHEA High School Graduation & Gala - provides the opportunity for area homeschool students to participate in a high school graduation ceremony, including the awarding of college...
CODE 611710 MHEA High School Graduation & Gala - provides the opportunity for area homeschool students to participate in a high school graduation ceremony, including the awarding of college scholarships to elected outstanding students and a Gala celebration to honor seniors
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $309,622 | $268,111 | +0.2% |
| Expenses | $290,022 | $258,635 | +0.1% |
| Net Income | $19,600 | $9,476 | +1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Sherry Shaffer | Office Manager | 15 |
Key Emp
|
$9,472 | $0 | $9,472 |
| Michelle Griffith | Communications | 6 |
Key Emp
|
$4,615 | $0 | $4,615 |
| Adrian Wiggins | Athletic Director - non-basketball | 10 |
Officer
|
$0 | $0 | $0 |
| Wayne Addison | President | 5 |
Officer
|
$0 | $0 | $0 |
| Kathy Armstrong | Vice President | 5 |
Officer
|
$0 | $0 | $0 |
| Rhonda Evans | Technology | 8 |
Officer
|
$0 | $0 | $0 |
| Jamie Cunningham | Secretary | 5 |
Officer
|
$0 | $0 | $0 |
| Donna Marsh | Treasurer | 5 |
Officer
|
$0 | $0 | $0 |
| John Eubanks | Athletic Director-basketball | 10 |
Officer
|
$0 | $0 | $0 |
| Susan Tyree | Activities Board Member | 8 |
Officer
|
$0 | $0 | $0 |
| Kris Soler | Enrichment Activities | 5 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $309,622 | $290,022 | $152,810 | $19,600 |
| 2023 | $268,111 | $258,635 | $136,658 | $9,476 |
| 2022 | $233,130 | $210,633 | $120,417 | $22,497 |
| 2021 | $171,254 | $166,274 | $108,901 | $4,980 |
Compare MEMPHIS-AREA HOME EDUCATION ASSOCIATION INC with other nonprofits in Tennessee and across the country.