MEMPHIS MERIT ACADEMY INC (EIN 822828471) - 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

LAKENNA BOOKER

Phone

9016173690

Tax Period

2024-07-01 to 2025-06-30

MEMPHIS MERIT ACADEMY INC, founded in 2017, is a community nonprofit in the Education sector that reported $6.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

MEMPHIS MERIT ACADEMY CHARTER SCHOOL PREPARES KINDERGARTEN THROUGH 8TH-GRADE STUDENTS IN MEMPHIS FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND LIFE BY PROVIDING RIGOROUS ACADEMICS, HIGH-QUALITY INSTRUCTION, AND CHARACTER DEVELOPMENT IN A SUPPORTIVE SCHOOL ENVIRONMENT.

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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 $6,454,719

Program Service Revenue $43,473

Investment Income $28,626

Other Revenue $162,929

TOTAL REVENUE $6,689,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,459,115

Fundraising Expenses $0

Program Expenses $4,134,745

Other Expenses $3,152,954

TOTAL EXPENSES $6,612,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,689,747	$5,640,340	+0.2%
Expenses	$6,612,069	$5,853,082	+0.1%
Net Income	$77,678	$-212,742	-1.4%

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

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

$143,046

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AURELIA MCBRIDE	BOARD CHAIR	4.50	Director	$0	$0	$0
TALUNJA PROPHET	VICE CHAIRMAN	4.50	Officer Director	$0	$0	$0
DIMIKA CAVALIER	SECRETARY	4.50	Officer Director	$0	$0	$0
JOSEPH MCKINNEY	TREASURER	4.50	Officer Director	$0	$0	$0
LASHAWN LESTER	BOARD MEMBER	2.50	Director	$0	$0	$0
REID LANIGAN	BOARD MEMBER	2.50	Director	$0	$0	$0
ROBIN DIXON	BOARD MEMBER	2.50	Director	$0	$0	$0
TIMORIE BELK	BOARD MEMBER	2.50	Director	$0	$0	$0
LAKENNA R BOOKER	HEAD OF SCHOOL	40.00	Officer	$143,046	$0	$143,046

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	$6,689,747	$6,612,069	$13,276,096	$77,678
2024	$5,640,340	$5,853,082	$13,931,915	$-212,742
2023	$4,545,144	$4,395,049	$4,151,763	$150,095
2022	$3,378,082	$3,150,437	$2,579,395	$227,645
2021	$2,414,359	$2,115,540	$1,556,838	$298,819
2020	$1,729,001	$1,640,676	$1,097,486	$88,325
2019	$763,284	$328,984	$539,038	$434,300

MEMPHIS MERIT ACADEMY INC