Memphis Elite Allstars Inc

Nonprofit profile at a glance

EIN
621511547
IRS 990 coverage
2011–2011
Forms available
Form 990 2011
Location
Cordova, TN, USA
Phone
9016249000
Rating confidence
Limited
Sector
Recreation& Sports N.E.C.

Reported finances

Revenue
$960,005
Expenses
$798,287
Assets
$386,428
Liabilities
$125,797

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

1 person listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To develop amateur athletes for the sport of competitive cheerleading or dance and to foster national or international amateur sports competitions.

What it reported doing in 2011

Program for training cheerleaders in the art of cheering at all grade levels - college included. Competition training and travel to various competitions. Scholarships are also awarded thru this program.

Operating model

Revenue model
Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 10
  • Sustainability: 57
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.8%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 1 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $720K in reported program spending
  • Leadership: top reported pay $33K · 1 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.