MEMPHIS VIETNAM VETERANS ORGANIZATION 1113 INC (EIN 815347943) - 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

2022

Legal Domicile

Principal Officer

LEONARD PERKINS

Phone

9016444833

Tax Period

2024-01-01 to 2024-12-31

MEMPHIS VIETNAM VETERANS ORGANIZATION 1113 INC, founded in 2022, is a micro nonprofit in the Human Services sector that reported $56K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $122K exceeded revenue, resulting in a 117% operating deficit.

Mission

OUR OBJECTIVE IS TO CREATE A SAFER, ENVIRONMENT TO INCREASE THE HEALTH AND QUALITY OF LIFE FOR VETERANS AND THEIR FAMILIES. AS WE SHARE OUR FACILITIES WITH THE GENERAL PUBLIC, WE LOOK FORWARD TO SIMILAR RESULTS AMONG IN THE COMMUNITY.

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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 $55,763

Program Service Revenue $0

Investment Income $578

Other Revenue $0

TOTAL REVENUE $56,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $122,042

TOTAL EXPENSES $122,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,341	$31,178	+0.8%
Expenses	$122,042	$136,140	-0.1%
Net Income	$-65,701	$-104,962	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONARD PERKINS	CHAIRMAN	20.00	Officer	$0	$0	$0
EVERETT TYUS	VICE CHAIRMAN	3.00	Officer	$0	$0	$0
CLENNON SAULSBERRY	TREASURER	3.00	Officer	$0	$0	$0
CARTINA PERKINS	SECRETARY	3.00	Officer	$0	$0	$0
KATHERINE GRAY	BOARD MEMBER	3.00	Officer	$0	$0	$0
JAMES TOLES	BOARD MEMBER	3.00	Officer	$0	$0	$0

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	$56,341	$122,042	$197,701	$-65,701
2022	$484,957	$137,896	$137,774	$347,061

MEMPHIS VIETNAM VETERANS ORGANIZATION 1113 INC