The Lab School of Memphis Inc

EIN: 921145530 501(c)(3) Education

Memphis, TN

Total Revenue
$336,399
Total Expenses
$430,605
Total Assets
$94,195
Net Assets
$-13,236
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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
GA
Principal Officer
Coi Morefield
Phone
3125045507
Tax Period
2023-07-01 to 2024-06-30

The Lab School of Memphis Inc, founded in 2022, is a small nonprofit in the Education sector that reported $336K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $431K exceeded revenue, resulting in a 28% operating deficit.

Mission

Holistic education

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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 $336,399
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $336,399

Expense Breakdown

Grants Paid $0
Salaries & Benefits $266,220
Fundraising Expenses $0
Program Expenses $16,208
Other Expenses $164,385
TOTAL EXPENSES $430,605

Year-over-Year Comparison

2023 2022 Change
Revenue $336,399 $356,266 -0.1%
Expenses $430,605 $240,036 +0.8%
Net Income $-94,206 $116,230 -1.8%
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
1
Independent Members
N/A
Employees
12
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
1
$12,017
Total Directors
1
$12,017
Key Employees
1
$12,017
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Coi Morefield Executive Director 050.00
Officer Director Key Emp
$12,017 $0 $12,017
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 $336,399 $430,605 $94,195 $-94,206
2023 $356,266 $240,036 $115,512 $116,230
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