BELIEVE MEMPHIS ACADEMY INC

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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

2017

Legal Domicile

Principal Officer

KENNY GREEN

Phone

9018817970

Tax Period

2024-07-01 to 2025-06-30

BELIEVE MEMPHIS ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $6.8M left a modest 5% surplus.

Mission

BELIEVE MEMPHIS ACADEMY CHARTER SCHOOL PREPARES SCHOLARS IN GRADES K-8 WITH THE ACADEMIC RIGOR, ROBUST SUPPORTS, AND LEADERSHIP DEVELOPMENT NECESSARY TO EXCEL IN HIGH SCHOOL, THRIVE IN COLLEGE, AND LEAD LIVES FULL OF OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,491,392 Revenue: $39,000

PROGRAM SERVICES CONSIST OF PROVIDING EDUCATIONAL CURRICULUM AND INSTRUCTION IN AN EFFORT TO DEVELOP ACADEMIC ACUMEN AND LEADERSHIP SKILLS NECESSARY FOR STUDENTS TO EXCEL IN HIGH SCHOOL, THRIVE IN...

PROGRAM SERVICES CONSIST OF PROVIDING EDUCATIONAL CURRICULUM AND INSTRUCTION IN AN EFFORT TO DEVELOP ACADEMIC ACUMEN AND LEADERSHIP SKILLS NECESSARY FOR STUDENTS TO EXCEL IN HIGH SCHOOL, THRIVE IN COLLEGE, AND LEAD LIVES FULL OF OPPORTUNITY.

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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 $7,111,633

Program Service Revenue $39,000

Investment Income $2,133

Other Revenue $0

TOTAL REVENUE $7,152,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,793,285

Fundraising Expenses $0

Program Expenses $4,491,392

Other Expenses $2,996,208

TOTAL EXPENSES $6,789,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,152,766	$5,833,604	+0.2%
Expenses	$6,789,493	$6,436,917	+0.1%
Net Income	$363,273	$-603,313	-1.6%

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

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

$216,220

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA NORMAN	CHAIR	1.00	Officer Director	$0	$0	$0
BRAD MORITZ	SECRETARY	1.00	Officer Director	$0	$0	$0
EVAN STEPHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
FLORENCE JONES	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JONATHAN TORRES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MASON	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE REED	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BUFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAZMIN CAUSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY EBER	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT COWAN	EXECUTIVE DIRECTOR	40.00	Officer	$127,265	$0	$127,265
KENNY GREEN	DIRECTOR OF FINANCE & OPER	40.00	Officer	$88,955	$0	$88,955

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	$7,152,766	$6,789,493	$7,851,699	$363,273
2024	$5,833,604	$6,436,917	$7,697,196	$-603,313
2023	$5,157,559	$5,597,797	$8,390,818	$-440,238
2022	$8,064,736	$6,375,493	$9,476,795	$1,689,243
2021	$5,873,256	$4,182,497	$2,457,072	$1,690,759
2020	$3,210,971	$3,365,621	$1,357,198	$-154,650
2019	$2,935,023	$2,693,925	$812,941	$241,098