MEMPHIS MUSIC ARCHIVES INC (EIN 841867537) - 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

2019

Legal Domicile

Principal Officer

JIM THOMPSON

Phone

9012407834

Tax Period

2024-01-01 to 2024-12-31

MEMPHIS MUSIC ARCHIVES INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $119K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $294K exceeded revenue, resulting in a 147% operating deficit.

Mission

THE MISSION OF THE MLL IS TO PROMOTE THE ENJOYMENT, STUDY, AND RESEARCH OF POPULAR MUSIC FROM MEMPHIS AND BEYOND.

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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 $58,377

Program Service Revenue $5,986

Investment Income $0

Other Revenue $54,567

TOTAL REVENUE $118,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,728

Fundraising Expenses $0

Program Expenses $252,102

Other Expenses $218,815

TOTAL EXPENSES $293,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,930	$95,690	+0.2%
Expenses	$293,543	$307,045	0.0%
Net Income	$-174,613	$-211,355	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONYA DYSON	DIRECTOR	N/A	Director	$0	$0	$0
LAWRENCE MATTHEWS	DIRECTOR	N/A	Director	$0	$0	$0
JEFF POWELL	DIRECTOR	N/A	Director	$0	$0	$0
MATT ROSS-SPANG	DIRECTOR	N/A	Director	$0	$0	$0
RYANSCHELL	SEC/TREAS	N/A	Officer Director	$0	$0	$0
CATRINA TAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
JIM THOMPSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
KORTLAND WHALUM	DIRECTOR	N/A	Director	$0	$0	$0
SHERMAN WILMOTT	DIRECTOR	N/A	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
2024	$118,930	$293,543	$503,468	$-174,613
2023	$95,690	$307,045	$597,081	$-211,355
2022	$66,500	$314,806	$698,809	$-248,306
2021	$458,852	$197,960	$921,835	$260,892

MEMPHIS MUSIC ARCHIVES INC