Memphis Investors Group Inc
Nonprofit profile at a glance
- EIN
- 621862666
- IRS 990-EZ coverage
- 2010–2025
- Forms available
- Form 990-EZ 2025
- Location
- Memphis, TN, USA
- Phone
- 9013006577
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Business and Industry
Reported finances
- Revenue
- $101,507
- Expenses
- $132,770
- Assets
- $159,141
- Liabilities
- $569
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- David Hutson (Past President)
- Foti Karastamatis (President)
- Dustin Asher (Vice President)
People named in this filing
- David Hutson (Past President)
- Foti Karastamatis (President)
- Walter Jones (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See Schedule O
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 3
- Transparency & Controls: 82
- Sustainability: 26
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 4.7%; rating input score 5
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -30.8%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 1.2; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 45.7%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 6.6% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 4.7% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 5/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.