MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERIFIED SOLUTIONS FKA TENNESSEE SCHOLAR ACADEMICS, founded in 2016, is a community nonprofit in the Education sector that reported $10.0M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $9.3M left a modest 7% surplus.
WE ARE A SCHOOL MANAGEMENT ORGANIZATION OVER MEMPHIS SCHOLARS, A NETWORK OF THREE PUBLIC CHARTER SCHOOLS THAT ALSO PROVIDES CONTRACTED SUPPORT SERVICES TO OTHERPUBLIC SCHOOLS, PUBLIC CHARTER SCHOOLS, AND EDUCATIONAL ENTITIES. OURMISSION IS TO PROVIDE PRODUCT-DRIVEN SOLUTIONS THAT HELP SCHOOLSOPERATE MORE EFFICIENTLY SO THAT THEY CAN PRIORITIZE THE CORE WORK OFEDUCATING STUDENTS. THESE SOLUTIONS ARE BASED ON BEST PRATICES AND PASTSUCCESSFUL PERFORMANCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $9,995,699 | $8,369,214 | +0.2% |
| Expenses | $9,294,429 | $7,936,292 | +0.2% |
| Net Income | $701,270 | $432,922 | +0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PRISCILLA EVERHART | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS HAYES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICHOLAS PATTERSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANAI DOUGLAS | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$154,600 | $0 | $154,600 |
| JAMES DENNIS | CHIEF STRATEGY OFFICER, CH | 40.00 |
Officer
|
$164,070 | $0 | $164,070 |
| ANGELA GOODIN | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$170,838 | $0 | $170,838 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $9,995,699 | $9,294,429 | $6,610,820 | $701,270 |
| 2023 | $8,369,214 | $7,936,292 | $5,781,776 | $432,922 |
| 2022 | $10,042,076 | $7,358,215 | $8,293,768 | $2,683,861 |
| 2020 | $9,853,092 | $9,123,326 | $4,237,856 | $729,766 |
| 2019 | $9,875,688 | $9,285,076 | $3,380,085 | $590,612 |
| 2018 | $9,747,523 | $9,406,663 | $3,044,127 | $340,860 |
Compare VERIFIED SOLUTIONS FKA TENNESSEE SCHOLAR ACADEMICS with other nonprofits in Tennessee and across the country.