VIBRANT MEMPHIS INC (EIN 820904035) - 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

2017

Legal Domicile

Principal Officer

ANTHONY YOUNG

Phone

9015006368

Tax Period

2023-01-01 to 2023-12-31

VIBRANT MEMPHIS INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

CREATES A JUST, INCLUSIVE, AND GROWING REGIONAL ECONOMY BY DRIVING STRATEGY AND MEASURING IMPACT AMONG A NETWORK OF PARTNERS TO INCREASE SUPPORT TO NEW AND EXISTING ENTREPRENEURS IN CONVERTING IDEAS TO BUSINESSES, DEVELOPING TALENT, ATTRACTING CAPITAL, AND ACQUIRING CUSTOMERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,216,406

Program Service Revenue $183,257

Investment Income $192,129

Other Revenue $29,339

TOTAL REVENUE $2,621,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,331,369

Fundraising Expenses $270,132

Program Expenses $2,403,504

Other Expenses $2,279,976

TOTAL EXPENSES $3,611,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,621,131	$1,271,310	+1.1%
Expenses	$3,611,345	$3,508,340	+0.0%
Net Income	$-990,214	$-2,237,030	-0.6%

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

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

$325,679

Total Directors

$325,679

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA TAVEAU	FORMER PRESIDENT & CEO	40.00	Officer Director	$167,469	$0	$167,469
RUSSELL INGRAM	SECRETARY & COO	40.00	Officer Director	$158,210	$0	$158,210
DAVID WADDELL	DEPARTING CHAIRMAN	5.00	Officer Director	$0	$0	$0
SHEA FLINN	DIRECTOR	2.00	Director	$0	$0	$0
KAYLA GRAFF	DIRECTOR	2.00	Director	$0	$0	$0
KOJO MCLENNON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ALFRED WASHINGTON	DIRECTOR	2.00	Director	$0	$0	$0
SPENCE WILSON JR	TREASURER	2.00	Officer Director	$0	$0	$0
PHILIP SPINOSA JR	DIRECTOR	2.00	Director	$0	$0	$0
LISA ROSSMEYER WADE	DIRECTOR	2.00	Director	$0	$0	$0
AARTI BOWMAN	DIRECTOR	2.00	Director	$0	$0	$0
GLORIA BOYLAND	DIRECTOR	2.00	Director	$0	$0	$0
FAYRE CROSSLEY	CHIEF GRANTS & COMPLIANCE OFFICER	40.00	Highest	$105,469	$0	$105,469

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
2023	$2,621,131	$3,611,345	$16,065,247	$-990,214
2022	$1,271,310	$3,508,340	$17,288,383	$-2,237,030
2021	$2,783,167	$3,673,138	$19,880,886	$-889,971
2020	$5,366,483	$4,237,786	$18,883,735	$1,128,697
2019	$6,744,279	$3,804,488	$16,461,532	$2,939,791
2018	$14,745,311	$3,642,354	$13,328,599	$11,102,957

VIBRANT MEMPHIS INC