MEMPHIS YMCA SUPPORT CORPORATION (EIN 851807706) - 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

TERRANCE GRIGSBY

Phone

9017667677

Tax Period

2024-01-01 to 2024-12-31

MEMPHIS YMCA SUPPORT CORPORATION, founded in 2020, is a small nonprofit in the Human Services sector that reported $124K in total revenue in fiscal year 2024. Expenses of $638K exceeded revenue, resulting in a 415% operating deficit.

Mission

THE YMCA SUPPORT CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF MEMPHIS & THE MID-SOUTH. SPECIFICALLY AS THEY RELATE TO THE CONSTRUCTION AND RENTAL OF A NEW YMCA FACILITY IN THE WHITEHAVEN COMMUNITY OF MEMPHIS.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $124,000

TOTAL REVENUE $124,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $638,017

Other Expenses $638,017

TOTAL EXPENSES $638,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,000	$124,000	N/A
Expenses	$638,017	$508,389	+0.3%
Net Income	$-514,017	$-384,389	+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

$897,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA JONE	BOARD MEMBER	1.00	Director	$0	$0	$0
ARMSTEAD WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRANCE GRIGSBY	CEO	10.00	Officer	$0	$60,275	$375,816
ANTHONY NORRIS	CFO	10.00	Officer	$0	$31,409	$230,289
JAMES STOCK	SECRETARY	10.00	Officer	$0	$44,731	$291,879

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	$124,000	$638,017	$19,321,086	$-514,017
2023	$124,000	$508,389	$13,476,936	$-384,389
2022	No data	$14,281	$14,034,868	No data
2021	No data	$76,506	$11,383,046	No data
2020	$406,485	$296	$10,585,280	$406,189

MEMPHIS YMCA SUPPORT CORPORATION