DESTINATION EDUCATION FAMILY SERVICES

EIN: 833700059 501(c)(3) Human Services

MEMPHIS, TN

Total Revenue
$1,326,605
Total Expenses
$1,326,605
Total Assets
$1,326,606
Net Assets
N/A
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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
2020
Legal Domicile
TN
Principal Officer
JACOLBIE HARDY
Phone
9017451600
Tax Period
2023-01-01 to 2023-12-31

DESTINATION EDUCATION FAMILY SERVICES, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

We help to reduce literacy amoung our children in urban areas and provide a safe environment for their learning through our daycare learning center

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,157,679
Program Service Revenue $168,926
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,326,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $531,885
Fundraising Expenses $0
Program Expenses $11,500
Other Expenses $794,720
TOTAL EXPENSES $1,326,605

Year-over-Year Comparison

2023 2022 Change
Revenue $1,326,605 $1,410,009 -0.1%
Expenses $1,326,605 $1,215,050 +0.1%
Net Income $0 $194,959 -1.0%
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

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Governance

Voting Members
5
Independent Members
5
Employees
36
Volunteers
20

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
0
$0
Total Directors
1
$184,624
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACOLBIE HARDY EXECUTIVE DIRECTORE 70
Director
$184,624 $0 $184,624
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,326,605 $1,326,605 $1,326,606 No data
2021 $736,400 $706,221 $736,400 $30,179
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