MEMPHIS EDUCATIONAL TELEVISION 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

2020

Legal Domicile

Principal Officer

ERIC L MILLINGTON

Phone

6189979333

Tax Period

2023-01-01 to 2023-12-31

MEMPHIS EDUCATIONAL TELEVISION INC, founded in 2020, is a small nonprofit in the Religion sector that reported $244K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $146K, a strong 60% operating margin.

Mission

RELIGIOUS BROADCASTING

Program Service Accomplishments

Program 1

Expenses: $98,686 Revenue: $236,268

THE LIVES OF MILLIONS OF PEOPLE HAVE BEEN TOUCHED BY THE BROADCAST OF THE GOSPEL MESSAGE. PEOPLE HAVE BEEN SAVED, HEALED, AND MINISTERED TO IN COUNTLESS WAYS THROUGH THIS TELEVISION NETWORK.

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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 $7,931

Program Service Revenue $236,268

Investment Income $41

Other Revenue $0

TOTAL REVENUE $244,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,686

Other Expenses $98,686

TOTAL EXPENSES $98,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,240	$311,252	-0.2%
Expenses	$98,686	$96,796	+0.0%
Net Income	$145,554	$214,456	-0.3%

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

N/A

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

$83,754

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE NOLAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHANE A CHANEY	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS NOLAN III	SECRETARY	2.00	Officer Director	$0	$0	$0
BRANDON PORTER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DEBERRY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MEYERS	DIRECTOR	1.00	Director	$0	$0	$83,754
SHANE STANFORD	DIRECTOR	1.00	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	$244,240	$98,686	$1,095,554	$145,554
2022	$311,252	$96,796	$916,534	$214,456
2021	$339,388	$99,298	$671,902	$240,090