KIPP MEMPHIS (EIN 680502820) - 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

2002

Legal Domicile

Principal Officer

ANTONIO BURT

Phone

9014522682

Tax Period

2024-07-01 to 2025-06-30

KIPP MEMPHIS, founded in 2002, is a mid-sized nonprofit in the Education sector that reported $22.0M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $4.9M, a strong 22% operating margin.

Mission

OVERSEES THE QUALITY, SUSTAINABILITY, AND GROWTH OF KIPP SCHOOLS IN 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 (2024)

Revenue Breakdown

Contributions & Grants $21,409,168

Program Service Revenue $0

Investment Income $244,754

Other Revenue $371,180

TOTAL REVENUE $22,025,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,284,240

Fundraising Expenses $0

Program Expenses $12,931,948

Other Expenses $5,818,053

TOTAL EXPENSES $17,102,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,025,102	$25,247,760	-0.1%
Expenses	$17,102,293	$20,319,364	-0.2%
Net Income	$4,922,809	$4,928,396	0.0%

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

198

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

$409,974

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIO BURT	CHIEF EXECUTIVE OFFICER	50.00	Officer	$240,669	$15,851	$256,520
ANGELA CARR	CHIEF FINANCIAL OFFICER	50.00	Officer	$140,514	$12,940	$153,454
GENARD PHILLIPS	CHIEF OPERATIONS OFFICER	50.00	Highest	$138,429	$15,658	$154,087
TRACY BRITTMON	CHIEF HUMAN RESOURCES OFFI	50.00	Highest	$127,560	$12,184	$139,744
LISCHA BROOKS	CHIEF OF SCHOOLS	50.00	Highest	$121,878	$20,944	$142,822
LAQUITA TATE	CHIEF OF ACADEMICS	50.00	Highest	$133,180	$17,504	$150,684
TONYE MCBRIDE	PRINCIPAL HIGH SCHOOL	50.00	Highest	$131,289	$9,725	$141,014
LIN JOHNSON	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
ROQUEL CRUTCHER	VICE CHAIR/GOVERN CHAIR	2.00	Officer Director	$0	$0	$0
JANE NEAL	SECRETARY	2.00	Officer Director	$0	$0	$0
MIKARA DAVIS	FINANCE CHAIR	2.00	Director	$0	$0	$0
DESIREE LYLES-WALLACE	ACADEMIC EXCELLENCE CHAIR	2.00	Director	$0	$0	$0
ALFRED ANDERSON	OPERATIONS & FACILITIES CH	2.00	Director	$0	$0	$0
DR LARITHA SWEET	BOARD MEMBER	2.00	Director	$0	$0	$0
DORSEY HOPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
NATASHA GATSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DETARIO YANCEY	BOARD MEMBER	2.00	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
2025	$22,025,102	$17,102,293	$31,369,895	$4,922,809
2024	$25,247,760	$20,319,364	$26,722,929	$4,928,396
2023	$29,831,220	$30,052,609	$19,096,506	$-221,389
2022	$25,479,805	$23,420,920	$24,468,081	$2,058,885
2021	$25,367,687	$22,952,690	$15,710,263	$2,414,997
2020	$30,262,442	$29,460,153	$17,940,328	$802,289
2019	$31,029,110	$31,423,338	$13,677,844	$-394,228
2018	$30,509,379	$31,043,395	$13,652,222	$-534,016

KIPP MEMPHIS