MEMPHIS BIOWORKS FOUNDATION (EIN 621858660) - 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

2001

Legal Domicile

Principal Officer

CORIE RIVERS

Phone

9016853400

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS BIOWORKS FOUNDATION, founded in 2001, is a micro nonprofit in the Medical Research sector that reported $21 in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $48K exceeded revenue, resulting in a 227614% operating deficit.

Mission

THE FOUNDATION IS EXECUTING A STRATEGIC BUSINESS PLAN THAT LEVERAGES THE COMPETITIVE STRENGTHS WITHIN THE REGION WHILE EXPANDING THE INFRASTRUCTURE, EDUCATIONAL OPPORTUNITIES, AND ENTREPRENEUR SUPPORT NEEDED TO EXPAND BIOSCIENCE INDUSTRIES.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $21

TOTAL REVENUE $21

Expense Breakdown

Grants Paid $13,371

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,512

Other Expenses $34,449

TOTAL EXPENSES $47,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21	$2,258	-1.0%
Expenses	$47,820	$19,125	+1.5%
Net Income	$-47,799	$-16,867	+1.8%

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

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
LORIE JERNIGAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CORIE RIVERS	SECRETARY AND TREASURER	2.00	Officer Director	$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	$21	$47,820	$6,032,986	$-47,799
2022	$2,258	$19,125	$6,080,785	$-16,867
2021	$238,794	$13,646,151	$6,047,652	$-13,407,357
2020	$1,891,024	$11,858,564	$21,310,849	$-9,967,540
2019	$4,653,644	$6,398,513	$23,993,312	$-1,744,869
2018	$4,798,717	$5,286,428	$67,710,542	$-487,711

MEMPHIS BIOWORKS FOUNDATION