Memphis Rotary Foundation

Nonprofit profile at a glance

EIN
626096310
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Germantown, TN, USA
Phone
9015261318
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$63,734
Expenses
$146,128
Assets
$638,678
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • BRETT BATTERSON (PRESIDENT)
  • LEA CARR (PRESIDENT ELECT NOMINEE)
  • NED CANTY (VICE PRESIDENT)
  • CHUCK THOMAS (PRESIDENT-ELECT)
  • AMY BETH DUDLEY (IMMEDIATE PAST PRESIDENT)
  • TAYLOR HUGHES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TAYLOR HUGHES (EXECUTIVE DIRECTOR): $96,436 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Funding for philanthropic & community betterment projects, primary areas of focus include education, international clean water systems and hunger relief, city beautification, and partnerships with community development and enhancement organizations.

What it reported doing in 2024

Direct funding of philanthropic & community betterment organizations and projects mobile food pantries 9,684 rotary readers (books) 3,091 dorothy day house (homeless) 8,298 youth leadership 1,500

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Accountability: 84
  • Sustainability: 31
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 75%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -129.3%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 4.37; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 49.5%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 9.3% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: -6.6% per year; rating input score 0; 39th percentile among comparable filings
  • Asset growth: -4.1% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 75% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $110K in reported program spending
  • Leadership: top reported pay $96K · 13 people listed
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 7/100.