Formanek Foundation
Memphis, Tennessee
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 20 peers in Philanthropy, Voluntarism & Grantmaking with <$100K revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
10 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $12,023,174↑396% | $10,692,860↓7% | $144,351,130↑1% | — |
| 2022 | $2,423,782↓98% | $11,506,038↑153% | $143,020,816↓6% | — |
| 2021 | $114,831,780↑1283% | $4,543,030↑11% | $152,103,072↑264% | — |
| 2020 | $8,305,217↓47% | $4,090,331↑77% | $41,814,322↑11% | — |
| 2019 | $15,765,867↑953% | $2,304,647↑83% | $37,599,436↑88% | — |
| 2015 | $1,497,433↑12% | $1,256,236↓37% | $19,951,615↑11% | — |
| 2014 | $1,337,321↓46% | $1,979,330↑51% | $17,897,639↑17% | — |
| 2013 | $2,471,567↑4% | $1,306,773↓6% | $15,313,416↑6% | — |
| 2012 | $2,365,669↑140% | $1,396,988↑3% | $14,481,516↓1% | — |
| 2011 | $987,458 | $1,354,927 | $14,681,135 | — |
Frequently Asked Questions
What does Formanek Foundation do?▼
Formanek Foundation is a philanthropy, voluntarism & grantmaking nonprofit organization based in Tennessee. It is classified under NTEE code T20 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Formanek Foundation financially healthy?▼
Based on our 9-metric Financial Health Score model, Formanek Foundation has a score of 63/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Formanek Foundation generate?▼
Revenue data for Formanek Foundation is sourced from IRS filings. Detailed financial breakdowns may be available on the organization's Form 990.
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