MEMPHIS BOYS' CLUB FOUNDATION

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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

1969

Legal Domicile

Principal Officer

MIKE KEENEY

Phone

9012782947

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS BOYS' CLUB FOUNDATION, founded in 1969, is a micro nonprofit in the Youth Development sector that reported $43K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $60K exceeded revenue, resulting in a 39% operating deficit.

Mission

SUPPORT OF THE PROGRAMS OF THE BOYS AND GIRLS CLUBS OF GREATER MEMPHIS

Program Service Accomplishments

Program 1

Expenses: $59,730

SUPPORT OF THE PROGRAMS OF THE BOYS AND GIRLS CLUBS OF GREATER MEMPHIS

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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 $43,038

Other Revenue $0

TOTAL REVENUE $43,038

Expense Breakdown

Grants Paid $51,813

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,730

Other Expenses $7,917

TOTAL EXPENSES $59,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,038	$39,662	+0.1%
Expenses	$59,730	$70,933	-0.2%
Net Income	$-16,692	$-31,271	-0.5%

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
CHARLES ASKEW	TRUSTEE	1.00	Director	$0	$0	$0
FRANK A JONES	TRUSTEE	1.00	Director	$0	$0	$0
JERROLD GRABER	SECRETARY	1.00	Director	$0	$0	$0
JOHN J THOMASON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN STEMMLER	TRUSTEE	1.00	Director	$0	$0	$0
PAUL BRUNDIDGE	TRUSTEE	1.00	Director	$0	$0	$0
MIKE KEENEY	TRUSTEE	1.00	Director	$0	$0	$0
BETH ELZEMEYER	TRUSTEE	1.00	Director	$0	$0	$0
ANNE WULFF	TRUSTEE	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	$43,038	$59,730	$897,400	$-16,692
2022	$39,662	$70,933	$914,092	$-31,271
2021	$92,289	$58,080	$945,363	$34,209
2020	$33,052	$7,328	$911,154	$25,724
2019	$25,755	$57,227	$885,430	$-31,472
2018	$39,457	$7,775	$916,902	$31,682