Heal Memphis EIN 82-3670223

Heal Memphis

EIN  82-3670223 Public charity (501(c)(3)) Memphis, TN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Nurtures young leaders' minds through educational programs.
Leadership
K Durell Cowan · Executive Director · $65K
Money in and out
$583K revenue, $546K expenses
Bottom line
61% program efficiency

Nurtures young leaders' minds through educational programs. For fiscal year 2024 it reported $583K in revenue, $546K in expenses, and $37K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$583K
Pt VIII · Ln 12
Total expenses
$546K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $37K
Where spending went · Part IX cols B–D
Program services $0.61 Management & general $0.39
Program efficiency
61%
of spending reaches programs
Operating runway
1.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+6%
revenue over expenses, this year▼ -61% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$583K
FY2024▼ -40%
Expenses
$546K
FY2024▼ -33%
Total assets
$47K
FY2024
Total liabilities
$10K
FY2024
Total revenue
$583K
Pt VIII · Ln 12
Total expenses
$546K
Pt IX · Ln 25
Net assets
$37K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$47K
Program-expense ratioPt IX · col B61%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

heal 901 cures

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHeal Memphis
EINHdr · item D82-3670223
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jwww.heal901.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B11)
Ruling yearIRS BMFDec 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$65,000Pt VII · Sec A
Executive Director
$65,000Pt VII · Sec A
$60,000Pt VII · Sec A

K Durell Cowan’s $65K as Executive Director is at the 57th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023
K Durell Cowan$65,000
K Durrell Cowan$65,000
Brandon Ousley$60,000$40,000
Keron Cowan$45,000
Diane Richardson$38,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$448K · 77%
Program service revenue$135K · 23%
Contributions & grants77%$448K
Program service revenue23%$135K
Total revenueLn 12$583K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.61 Management & general $0.39
Program services61%$332K
Management & general39%$214K
Total functional expensesLn 25$546K

Balance Sheet

Part X · end of year
CashLn 1$47K
Total assetsLn 16$47K
Total liabilitiesLn 26$10K
Total net assetsLn 32$37K
Months of cash on handcomputed1.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $47K · Operating expenses/yr $546K
1.0 months
Where the money goes
Program services
Program services $332K · Total expenses $546K
61%
Management & General
Management & general $214K · Total expenses $546K
39%
Fundraising
Fundraising $0 · Total expenses $546K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $349K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $448K · Total revenue $583K
77%
Government reliance
Government grants — · Total revenue $583K
Earned-income share
Program service revenue $135K · Total revenue $583K
23%
Investment reliance
Investment income $0 · Total revenue $583K
0%
Program self-sufficiency
Program service revenue $135K · Total expenses $546K
25%
Growth & trend
Revenue growth (YoY)
This year $583K · Prior year $968K
-40%
Revenue CAGR
FY2019 $45K · FY2023 $583K
+90%
Net-asset trend (YoY)
End of year $37K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $583K · Expenses $546K
+6%
Liabilities-to-Assets
Total liabilities — · Total assets $47K
Net-asset ratio
Net assets $37K · Total assets $47K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $47K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual K Durell Cowan · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $65K · Total expenses $546K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $414K · Total expenses $546K
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 61%
Overhead ratio 39%
Fundraising cost ratio 0%
Revenue growth -40%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 4 funders$244K
See all 4 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$583K revenue · viewing · ⤓ 990 PDF
FY2023$968K revenue · ⤓ 990 PDF
FY2022not on file
FY2021not on file
FY2020$45K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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