MEMPHIS TOMORROW (EIN 621867308) - 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

BLAIR TAYLOR

Phone

9013228080

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS TOMORROW, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $953K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

MEMPHIS TOMORROW IS AN ASSOCIATION OF CEOS OF MEMPHIS' LARGEST BUSINESSES WORKING TO PROMOTE OPPORTUNITY AND QUALITY OF LIFE FOR ALL MEMPHIANS THROUGH COLLECTIVE ACTION AND PUBLIC-PRIVATE PARTNERSHIPS.

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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 $950,000

Program Service Revenue $0

Investment Income $2,639

Other Revenue $0

TOTAL REVENUE $952,639

Expense Breakdown

Grants Paid $757,385

Salaries & Benefits $338,855

Fundraising Expenses $0

Program Expenses $1,074,321

Other Expenses $84,057

TOTAL EXPENSES $1,180,297

Year-over-Year Comparison

	2023	2022	Change
Revenue	$952,639	$1,027,400	-0.1%
Expenses	$1,180,297	$947,648	+0.2%
Net Income	$-227,658	$79,752	-3.9%

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

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

$324,707

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
H ERIC BOLTON JR	DIRECTOR	1.00	Director	$0	$0	$0
PETER BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
HORACE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
REGINALD COOPWOOD	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP B DANIELE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD DOBBS	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES R DOWNING	DIRECTOR	1.00	Director	$0	$0	$0
PITT HYDE III	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCENIRY	DIRECTOR	1.00	Director	$0	$0	$0
BOYDEN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY B MOORE JR	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
JEAN-MICHEL RIBIERAS	DIRECTOR	1.00	Director	$0	$0	$0
KARL SCHLEDWITZ	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD C SHADYAC JR	DIRECTOR	1.00	Director	$0	$0	$0
GARY SHORB	DIRECTOR	1.00	Director	$0	$0	$0
MARK SUTTON	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
BLAIR TAYLOR	PRESIDENT	40.00	Key Emp	$290,716	$33,991	$324,707
TED TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL UGWUEKE	DIRECTOR	1.00	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	$952,639	$1,180,297	$503,077	$-227,658
2022	$1,027,400	$947,648	$526,503	$79,752
2021	$1,030,000	$928,983	$404,027	$101,017
2020	$1,050,000	$1,205,569	$296,692	$-155,569
2019	$1,175,537	$1,027,436	$452,261	$148,101
2018	$1,745,000	$1,827,911	$304,160	$-82,911

MEMPHIS TOMORROW