CENTER FOR TRANSFORMING COMMUNITIES

EIN: 621769933 501(c)(3) Human Services

MEMPHIS, TN

Total Revenue
$1,592,323
Total Expenses
$2,193,722
Total Assets
$1,176,419
Net Assets
$1,108,794
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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
1996
Legal Domicile
TN
Principal Officer
JUSTIN MERRICK
Phone
9013243005
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR TRANSFORMING COMMUNITIES, founded in 1996, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 38% operating deficit.

Mission

THE ORGANIZATION FOSTERS COMMUNITY CHANGE THROUGH CONGREGATIONS THAT RE- ENGAGE THEIR COMMUNITIES IN COLLABORATIVE APPROACHES. CHURCHES ARE EQUIPPED AND ENERGIZED TO MOVE OUTWARD AND RECLAIM THEIR ROLE AS ANCHORS IN THEIR NEIGHBORHOODS.

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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 $1,549,951
Program Service Revenue $0
Investment Income $0
Other Revenue $42,372
TOTAL REVENUE $1,592,323

Expense Breakdown

Grants Paid $0
Salaries & Benefits $995,092
Fundraising Expenses $307,885
Program Expenses $1,331,823
Other Expenses $1,198,630
TOTAL EXPENSES $2,193,722

Year-over-Year Comparison

2023 2022 Change
Revenue $1,592,323 $2,701,550 -0.4%
Expenses $2,193,722 $2,083,208 +0.1%
Net Income $-601,399 $618,342 -2.0%
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
9
Independent Members
9
Employees
19
Volunteers
200

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
$95,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN MERRICK EXECUTIVE DI 40.00
Officer
$95,000 $0 $95,000
CYNTHIA BRADFORD VICE CHAIR N/A
Director
$0 $0 $0
LESLEY BROWN TREASURER N/A
Director
$0 $0 $0
CHIP CLAY CHAIR N/A
Director
$0 $0 $0
JONI LANEY BOARD MEMBER N/A
Director
$0 $0 $0
KENNY LATTA BOARD MEMBER N/A
Director
$0 $0 $0
EUREKA PICKETT BOARD MEMBER N/A
Director
$0 $0 $0
DOMINIQUE PRIMER BOARD MEMBER N/A
Director
$0 $0 $0
LINDA STEELE BOARD MEMBER N/A
Director
$0 $0 $0
GREG THOMPSON BOARD MEMBER N/A
Director
$0 $0 $0
CONNIE BINKOWITZ DIRECTOR OF 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
2024 No data No data No data No data
2023 $1,592,323 $2,193,722 $1,176,419 $-601,399
2023 $1,997,756 $1,804,885 $1,973,467 $192,871
2022 $2,701,550 $2,083,208 $1,744,740 $618,342
2021 $1,316,119 $1,353,821 $1,117,101 $-37,702
2021 $1,204,111 $1,350,641 $997,347 $-146,530
2020 $1,081,110 $1,065,673 $1,049,058 $15,437
2019 $921,879 $458,709 $1,063,612 $463,170
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