CARE CENTER MEMPHIS INC

EIN: 882114282 501(c)(3) Religion

MEMPHIS, TN

Total Revenue
$120,773
Total Expenses
$110,597
Total Assets
$28,042
Net Assets
$27,072
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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
2022
Legal Domicile
TN
Principal Officer
CHARLES LOTT
Phone
9014891333
Tax Period
2023-01-01 to 2023-12-31

CARE CENTER MEMPHIS INC, founded in 2022, is a small nonprofit in the Religion sector that reported $121K in total revenue in fiscal year 2023. Revenue surged 204% from the prior year, signaling strong growth momentum. Expenses of $111K left a modest 8% surplus.

Mission

CARE CENTER MINISTRIES IS A CHRIST-CENTERED OUTREACH ORGANIZATION WITH TRANSFORMATION AT ITS HEART. TRANSFORMATION OF BROKEN LIVES, DESPERATE FAMALIES AND ENTIRE COMMUNITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $44,248
Program Service Revenue $76,525
Investment Income $0
Other Revenue $0
TOTAL REVENUE $120,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,812
Fundraising Expenses $7,986
Program Expenses $15,724
Other Expenses $91,785
TOTAL EXPENSES $110,597

Year-over-Year Comparison

2023 2022 Change
Revenue $120,773 $39,695 +2.0%
Expenses $110,597 $33,039 +2.3%
Net Income $10,176 $6,656 +0.5%
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

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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
10

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES LOTT INCORPORATOR 40.00
Director
$0 $0 $0
TY COTTER INCORPORATOR 0.00
Officer
$0 $0 $0
DEBORAH MALINE INCORPORATOR 0.00
Officer
$0 $0 $0
TOBY RANNIGAN INCORPORATOR 0.00
Officer
$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
2023 $120,773 $110,597 $28,042 $10,176
2022 $39,695 $33,039 $16,394 $6,656
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