MEMPHIS CENTER FOR URBAN THEOLOGICAL STUDIES INC (EIN 731659021) - 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

LON MAGNESS

Phone

9017293101

Tax Period

2019-07-01 to 2020-06-30

MEMPHIS CENTER FOR URBAN THEOLOGICAL STUDIES INC, founded in 2002, is a small nonprofit that reported $138K in total revenue in fiscal year 2019. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $203K exceeded revenue, resulting in a 48% operating deficit.

Mission

THE MISSION OF THE MEMPHIS CENTER FOR URBAN THEOLOGICAL STUDIES ("MCUTS") IS TO PROVIDE AFFORDABLE, ACCESSIBLE, AND ACCREDITED THEOLOGICAL EDUCATION AND TRAINING FOR THOSE SERVING IN THE URBAN CONTEXT IN ORDER TO TRANSFORM MEMPHIS AND THE MID-SOUTH FOR THE KINGDOM OF CHRIST.

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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 (2019)

Revenue Breakdown

Contributions & Grants $22,600

Program Service Revenue $103,604

Investment Income $11,499

Other Revenue $0

TOTAL REVENUE $137,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,457

Fundraising Expenses $5,547

Program Expenses $107,388

Other Expenses $52,759

TOTAL EXPENSES $203,216

Year-over-Year Comparison

	2019	2018	Change
Revenue	$137,703	$423,540	-0.7%
Expenses	$203,216	$742,289	-0.7%
Net Income	$-65,513	$-318,749	-0.8%

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

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

$60,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN PATTERSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LON MAGNESS	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
FRED DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
MELVIN WATKINS	DIRECTOR	2.00	Director	$0	$0	$0
ROSLIND HILL	DIRECTOR	2.00	Director	$0	$0	$0
DR JOSEPH CALDWELL	PRESIDENT	40.00	Officer	$54,358	$6,507	$60,865

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
2020	$137,703	$203,216	$108,514	$-65,513
2019	$423,540	$742,289	$689,258	$-318,749
2018	$780,149	$1,096,023	$670,850	$-315,874

MEMPHIS CENTER FOR URBAN THEOLOGICAL STUDIES INC