Slingshot Memphis Inc
Nonprofit profile at a glance
- EIN
- 813772313
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Memphis, TN, USA
- Phone
- 9013006634
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $2,136,755
- Expenses
- $2,668,963
- Assets
- $551,571
- Liabilities
- $804,189
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JARED BARNETT (CEO)
Highest reported compensation
- JARED BARNETT (CEO): $209,375 total reported compensation
- YOAN ANGUILET (DIRECTOR OF TECH & DATA EN): $151,296 total reported compensation
- JOHN G DUNAVANT (DIRECTOR OF INSIGHTS & IMP): $142,274 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Slingshot has developed a new, standardized methodology to measure poverty-fighting impact. This methodology enables us to revolutionize poverty-fighting effectiveness by equipping decision-makers with the insights and tools to make evidence-based decisions, increasing the allocation of financial resources to the most effective poverty-fighting efforts, and improving the effectiveness and outcomes of poverty-fighting organizations.
What it reported doing in 2024
To work with poverty-fighting organizations to study their effectiveness, identify opportunities to enhance their outcomes, and invest directly to amplify high-impact programs and services.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 68
- Accountability: 95
- Sustainability: 6
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $8.93 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 98%; rating input score 98; 34th 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; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -24.9%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 1.46; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 18.8%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 13.5% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 6% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85.3% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.3M in reported program spending
- Leadership: top reported pay $209K · 15 people listed · 0 of 6 pay-setting controls reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 51 filed money-flow records
- Related organizations: 46 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Total-asset coverage ratio scored 6/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.