SLINGSHOT MEMPHIS INC (EIN 813772313) - 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

2016

Legal Domicile

Principal Officer

JARED BARNETT

Phone

9013006634

Tax Period

2024-01-01 to 2024-12-31

SLINGSHOT MEMPHIS INC, founded in 2016, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 25% operating deficit.

Mission

SLINGSHOT MEMPHIS, INC. IS CATALYZING A MOVEMENT TO REVOLUTIONIZE POVERTY-FIGHTING EFFECTIVENESS.

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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 $2,121,159

Program Service Revenue $0

Investment Income $15,596

Other Revenue $0

TOTAL REVENUE $2,136,755

Expense Breakdown

Grants Paid $645,200

Salaries & Benefits $1,675,612

Fundraising Expenses $237,524

Program Expenses $2,276,753

Other Expenses $348,151

TOTAL EXPENSES $2,668,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,136,755	$2,167,285	0.0%
Expenses	$2,668,963	$2,686,677	0.0%
Net Income	$-532,208	$-519,392	+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

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

$209,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEG CROSBY	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN SIMS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HARRIET MCFADDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GRETCHEN MCLENNON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANDRE JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY HULA MILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
FRED TOWLER	TREASURER	1.00	Officer Director	$0	$0	$0
HUNTER COWAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWNA ENGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TANYA FREY	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JARED BARNETT	CEO	40.00	Officer	$191,915	$17,460	$209,375
YOAN ANGUILET	DIRECTOR OF TECH & DATA EN	40.00	Highest	$130,461	$20,835	$151,296
JOHN G DUNAVANT	DIRECTOR OF INSIGHTS & IMP	40.00	Highest	$127,195	$15,079	$142,274

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
2024	$2,136,755	$2,668,963	$551,571	$-532,208
2023	$2,167,285	$2,686,677	$1,215,490	$-519,392
2023	$2,167,285	$2,686,677	$1,215,490	$-519,392
2022	$2,181,089	$2,243,736	$1,692,803	$-62,647
2021	$2,902,886	$2,324,852	$2,015,540	$578,034
2020	$2,802,369	$3,172,421	$2,407,281	$-370,052
2019	$2,314,437	$2,346,787	$806,417	$-32,350
2018	$1,694,398	$1,718,003	$768,464	$-23,605

SLINGSHOT MEMPHIS INC