MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MEMPHIS EQUITY THROUGH ARTS INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $971K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $3.0M exceeded revenue, resulting in a 213% operating deficit.
INVESTING IN YOUTH DEVELOPMENT THROUGH TRANSFORMATIVE MUSIC ENGAGEMENT AND CREATING EQUITABLE OPPORTUNITIES FOR BLACK AND BROWN YOUTH IN MEMPHIS
INVESTS IN YOUTH THROUGH TRANSFORMATIVE MUSIC ENGAGEMENT, CREATING EQUITABLE OPPORTUNITIES FOR BLACK AND BROWN YOUTH IN MEMPHIS. WE INVEST IN TWO WAYS: THROUGH DIRECT PROGRAMS THAT CONNECT YOUTH TO...
INVESTS IN YOUTH THROUGH TRANSFORMATIVE MUSIC ENGAGEMENT, CREATING EQUITABLE OPPORTUNITIES FOR BLACK AND BROWN YOUTH IN MEMPHIS. WE INVEST IN TWO WAYS: THROUGH DIRECT PROGRAMS THAT CONNECT YOUTH TO HIGH QUALITY IN SCHOOL, AFTER SCHOOL AND SUMMERTIME OPPORTUNITIES AND BY PROVIDING FUNDING AND RESOURCES TO ADVANCE ORGANIZATIONS WORKING WITH YOUNG PEOPLE. OUR ORGINAL DIRECT PROGRAM IS OUR IN SCHOOL MUSIC ENGAGEMENT, WHICH HELPS TRANSFORM MUSIC CLASSROOMS INTO LEARNING LABORATORIES FOR PERSONAL DEVELOPMENT, GROWING STUDENT CONFIDENCE, AND SELF EFFICACY. MMI WORKS CREATES PAID SUMMER OPPORTUNITIES FOR YOUTH TO WORK AT MUSIC AND ARTS ORGANIZATIONS AND OFFERS EQUITABLE ACCESS TO CAREER TRAINING AND PROFESSIONAL/PERSONAL DEVELOPMENT. WE ALSO INVEST TO BUILD STRONG AND EFFECTIVE ORGANIZATIONS THROUGH OPERATIONAL GRANT FUNDING AND SUPPORT THAT FOSTER SUSTAINABILITY AND IMPROVE PROGRAM QUALITY.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $970,958 | $2,478,974 | -0.6% |
| Expenses | $3,040,347 | $3,732,390 | -0.2% |
| Net Income | $-2,069,389 | $-1,253,416 | +0.7% |
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 |
|---|---|---|---|---|---|---|
| TARIK WARD | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KENYATTA ANDREWS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOEY BECKFORD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATE DOWD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH LOCKRIDGE-STECKEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEN MCGRATH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CHARLES MCKINNEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TUWISHA ROGERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMBER HAMILTON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$225,341 | $16,403 | $241,744 |
| LAURA LINDENMAYER | VICE PRESIDENT, DEVELOPMENT & COMMUNICATIONS | 40.00 |
Highest
|
$130,027 | $13,443 | $143,470 |
| RYCHETTA WATKINS | VICE PRESIDENT, GRANTMAKING & CAPACITY BUILDING | 40.00 |
Highest
|
$119,068 | $13,437 | $132,505 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $970,958 | $3,040,347 | $1,542,974 | $-2,069,389 |
| 2023 | $2,478,974 | $3,732,390 | $3,735,062 | $-1,253,416 |
| 2022 | $2,544,622 | $3,881,807 | $4,386,497 | $-1,337,185 |
| 2021 | $7,164,597 | $2,606,540 | $5,874,530 | $4,558,057 |
| 2020 | $2,438,668 | $2,719,419 | $1,336,849 | $-280,751 |
| 2019 | $3,748,170 | $3,422,290 | $1,376,813 | $325,880 |
| 2018 | $3,972,937 | $3,368,003 | $1,057,363 | $604,934 |
Compare MEMPHIS EQUITY THROUGH ARTS INC with other nonprofits in Tennessee and across the country.