Memphis for All Education Fund (EIN 843944571) - 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

Bennett Foster

Phone

9012103768

Tax Period

2023-01-01 to 2023-12-31

Memphis for All Education Fund, founded in 2019, is a small nonprofit in the Education sector that reported $832K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $285K, a strong 34% operating margin.

Mission

Memphis for All Education Fund (MFAED)seeks to build community-based civic partnerships to increase and secure voting access in Memphis and Shelby County, Tennessee. MFAED works to decrease disparities in voter

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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 $832,230

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $832,231

Expense Breakdown

Grants Paid $195,020

Salaries & Benefits $239,792

Fundraising Expenses $0

Program Expenses $379,187

Other Expenses $112,561

TOTAL EXPENSES $547,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$832,231	$556,250	+0.5%
Expenses	$547,373	$299,447	+0.8%
Net Income	$284,858	$256,803	+0.1%

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

$85,000

Total Directors

$38,642

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Aerris Newton	Secretary	Officer Director	$0	$0	$0
Bennett Foster	Board Member	Officer	$85,000	$0	$85,000
Rebekah Gorbea	President	Director	$0	$0	$38,642
Meredith Pace	Board Member	Director	$0	$0	$0
Daniel Kiel	Board Member	Director	$0	$0	$0
Iris Mercado	Board Member	Director	$0	$0	$0
Barbara Beaver	Board Member	Director	$0	$0	$0
Jeffrey Lichtenstein	Board Member	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	No data	No data	No data	No data
2023	$832,231	$547,373	$662,632	$284,858
2022	$556,250	$299,447	$379,997	$256,803
2021	$246,826	$152,690	$121,920	$94,136

Memphis for All Education Fund