ADVANCE MEMPHIS (EIN 621778254) - 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

1999

Legal Domicile

Principal Officer

STEPHEN T NASH

Phone

9015438525

Tax Period

2023-01-01 to 2023-12-31

ADVANCE MEMPHIS, founded in 1999, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO EMPOWER ADULTS IN SOUTH MEMPHIS TO BREAK CYCLES OF UNEMPLOYMENT, ESTABLISH ECONOMIC STABILITY, RECONCILE RELATIONSHIPS, AND RESTORE DIGNITY THROUGH KNOWLEDGE, RESOURCES, AND SKILLS BY THE POWER OF JESUS CHRIST

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,240,425

Program Service Revenue $1,161,695

Investment Income $54

Other Revenue $287,868

TOTAL REVENUE $2,690,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,840,008

Fundraising Expenses $175,906

Program Expenses $2,235,068

Other Expenses $946,005

TOTAL EXPENSES $2,786,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,690,042	$2,864,991	-0.1%
Expenses	$2,786,013	$2,366,500	+0.2%
Net Income	$-95,971	$498,491	-1.2%

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

143

Volunteers

160

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

$134,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SANTIROJPRAPAI	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HART	DIRECTOR	1.00	Director	$0	$0	$0
KYLE KREBS	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER ACOSTA	DIRECTOR	1.00	Director	$0	$0	$0
LEANNE SCULL	DIRECTOR	1.00	Director	$0	$0	$0
DAN BUTLER	CHAIRMAN OF THE BOARD	1.00	Director	$0	$0	$0
STEPHEN NASH	EXECUTIVE DIRECTOR	40.00	Officer	$134,082	$0	$134,082

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	$2,690,042	$2,786,013	$2,904,358	$-95,971
2022	$2,864,991	$2,366,500	$2,989,548	$498,491
2021	$2,601,360	$2,385,420	$2,542,529	$215,940
2020	$2,631,930	$2,389,772	$2,226,715	$242,158
2019	$2,937,351	$2,881,631	$2,258,985	$55,720
2018	$3,254,572	$2,621,915	$1,908,259	$632,657

ADVANCE MEMPHIS