REGION SMART INC

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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

2019

Legal Domicile

Principal Officer

FRANK RICKS

Phone

9012640579

Tax Period

2024-07-01 to 2025-06-30

REGION SMART INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $348K in total revenue in fiscal year 2024. Revenue surged 206% from the prior year, signaling strong growth momentum.

Mission

THIS ORGANIZATION CONVENES MIDSOUTH LEADERS TO DISCUSS ISSUES OF REGIONAL IMPORTANCE AND IDENTIFY WAYS TO COLLABORATE ON SOLUTIONS.

Program Service Accomplishments

Program 1

Expenses: $338,850

REGIONSMART SERVES AS FIDUCIARY PARTNER WITH MIDSOUTH DEVELOPMENT DISTRICT TO SUPPORT STAFFING OF REGIONAL COLLABORATION PROJECTS AND GRANT WRITING FOR REGIONAL OPPORTUNITIES.

Program 2

REGIONSMART SERVES AS THE FIDUCIARY AGENT FOR CITY OF MEMPHIS PAUL YOUNG'S TRANSITION FUND TO PROMOTE THE SMOOTH TRANSITION BETWEEN MAYORS.

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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 $347,785

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $347,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $338,850

Other Expenses $344,491

TOTAL EXPENSES $344,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,785	$113,577	+2.1%
Expenses	$344,491	$67,760	+4.1%
Net Income	$3,294	$45,817	-0.9%

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
FRANK RICKS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIK STEVENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BRETT ROLER	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN MEEKS	DIRECTOR	1.00	Director	$0	$0	$0
ANNA MCQUISTON	EXECUTIVE DIRECTOR	1.00	Officer Director	$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
2025	$347,785	$344,491	$50,726	$3,294
2024	$113,577	$67,760	$47,432	$45,817
2023	$84,929	$87,850	$2,799	$-2,921
2022	$388,573	$426,960	$5,720	$-38,387
2021	$220,752	$234,029	$45,347	$-13,277
2020	$264,613	$208,413	$62,835	$56,200