TENNESSEE MEMORY DISORDERS FOUNDATION (EIN 851051195) - 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

2020

Legal Domicile

Principal Officer

JEREMY COOK

Phone

8658889494

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE MEMORY DISORDERS FOUNDATION, founded in 2020, is a community nonprofit in the Mental Health sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $949K left a modest 6% surplus.

Mission

TO PROVIDE SUPPORT FOR COMPREHENSIVE COMMUNITY CARE FOR THOSE WITH COGNITIVE DISORDERS AND NEURODEGENERATIVE DEMENTIAS AND TO MENTOR STUDENTS AND PROFESSIONALS TO BECOME FUTURE LEADERS IN DEMENTIA CARE.

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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 $212,167

Program Service Revenue $790,758

Investment Income $2,197

Other Revenue $0

TOTAL REVENUE $1,005,122

Expense Breakdown

Grants Paid $10,662

Salaries & Benefits $621,036

Fundraising Expenses $14,221

Program Expenses $875,031

Other Expenses $317,391

TOTAL EXPENSES $949,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,005,122	$910,263	+0.1%
Expenses	$949,089	$754,811	+0.3%
Net Income	$56,033	$155,452	-0.6%

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

$182,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL RICE	PRESIDENT	3.00	Officer Director	$0	$0	$0
ERIN FREEMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
JEREMY COOK	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE HATCHER	TREASURER	3.00	Officer Director	$0	$0	$0
ALLISON PAGE	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH HOPPER	DIRECTOR	1.00	Director	$0	$0	$0
DALE AMBURN	DIRECTOR	1.00	Director	$0	$0	$0
DR MONICA CRANE	MEDICAL DIRECTOR	40.00	Director	$182,000	$0	$182,000
HEATHER HALEY SPAIN	DIRECTOR	1.00	Director	$0	$0	$0
MARY LYN CAPPIELLO	DIRECTOR	1.00	Director	$0	$0	$0
SHERI HAGOOD	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL MASSINGALE	DIRECTOR	1.00	Director	$0	$0	$0
AD BAXTER	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	$1,005,122	$949,089	$455,443	$56,033
2023	$910,263	$754,811	$399,572	$155,452
2022	$855,089	$683,808	$244,454	$171,281
2021	$357,788	$285,203	$73,042	$72,585
2020	$10,000	No data	$10,000	No data

TENNESSEE MEMORY DISORDERS FOUNDATION