CARE CENTER MEMPHIS 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

2022

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $15,724 Revenue: $120,773

TRANSFORMATION OF BROKEN LIVES, DESPERATE FAMILIES AND ENTIRE COMMUNITIES. THROUGH FAITH BASED PROGRAMS WE ARE IMPACTING THOSE IN NEED BY STRENGTHENING THE HAND OF THE POOR.

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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 $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

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

Key Employees

Highest Compensated

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