AVE MARIA FOUNDATION OF MEMPHIS INC (EIN 621826162) - 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

2000

Legal Domicile

Principal Officer

JOE EVANGELISTI

Phone

9013863211

Tax Period

2022-07-01 to 2023-06-30

AVE MARIA FOUNDATION OF MEMPHIS INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $767K in total revenue in fiscal year 2022. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $527K, a strong 69% operating margin.

Mission

SUPPORT OF AVE MARIA HOME, INC., A NOT-FOR-PROFIT HEALTH CARE COMPLEX CONSISTING OF A 100 BED INTERMEDIATE CARE NURSING HOME AND A 61 BED ASSISTED LIVING FACILITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $442,496

Program Service Revenue $0

Investment Income $193,573

Other Revenue $131,238

TOTAL REVENUE $767,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,278

Fundraising Expenses $28,000

Other Expenses $18,982

TOTAL EXPENSES $240,260

Year-over-Year Comparison

	2022	2021	Change
Revenue	$767,307	$474,714	+0.6%
Expenses	$240,260	$354,883	-0.3%
Net Income	$527,047	$119,831	+3.4%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAURICE BURING	DIRECTOR	1.00	Director	$0	$0	$0
GREG COSTA	DIRECTOR	1.00	Director	$0	$0	$0
BILL LUCCHESI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES T MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
JOE EVANGELISTI	PRESIDENT	1.00	Officer	$0	$0	$0
PATRICK TAYLOR	EXECUTIVE DIRECTOR	0.00	Officer	$0	$0	$0
FRANK J GATTUSO JR	FORMER EXECUTIVE DIRECTOR	28.00		$0	$0	$136,201

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	$767,307	$240,260	$6,845,749	$527,047
2022	$474,714	$354,883	$6,440,707	$119,831
2021	$353,501	$344,417	$6,528,307	$9,084
2020	$284,680	$341,353	$6,367,184	$-56,673
2019	$231,326	$94,822	$6,462,522	$136,504

AVE MARIA FOUNDATION OF MEMPHIS INC