Memphis Blues Performing Arts Asso… - Form 990 Financial Data

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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

Tax Period

2023-10-01 to 2024-09-30

Memphis Blues Performing Arts Association Inc, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $178K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $202K exceeded revenue, resulting in a 13% operating deficit.

Mission

To empower the lives of young people by instilling the values or teamwork, self-discipline, leadership, and the pursuit of excellence through participation in the marching arts

Program Service Accomplishments

Program 1

Expenses: $200,920 Revenue: $102,117

The drum and bugle corps is dedicated to empower the lives of young people by instilling the values of teamwork, self-discipline, leadership and the pursuit of excellence through participation in the...

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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 $66,000

Program Service Revenue $112,131

Investment Income $0

Other Revenue $0

TOTAL REVENUE $178,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,920

Other Expenses $201,795

TOTAL EXPENSES $201,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,131	$149,393	+0.2%
Expenses	$201,795	$135,686	+0.5%
Net Income	$-23,664	$13,707	-2.7%

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

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
Tommy Sam	Director	0.00	Director	$0	$0	$0
Greg Pych	Director	0.00	Director	$0	$0	$0
Mickey Mangum	Director	0.00	Director	$0	$0	$0
Donald K Hall	Director	15.00	Director	$0	$0	$0
David Willson	Director	0.00	Director	$0	$0	$0
Judy Ulchinsky	Director	0.00	Director	$0	$0	$0
Tracy Carter	Vice President	1.00	Officer	$0	$0	$0
Jeff Gentry	President	1.00	Officer	$0	$0	$0
Tina Hurst	Treasurer	2.00	Officer	$0	$0	$0
Nolan Jones	Secretary	1.00	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
2024	$178,131	$201,795	$2,788	$-23,664
2023	$149,393	$135,686	$19,423	$13,707

Memphis Blues Performing Arts Association Inc