MID-SOUTH MINORITY COUNCIL TADP INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

Jozelle Booker

Phone

9015256512

Tax Period

2024-01-01 to 2024-12-31

MID-SOUTH MINORITY COUNCIL TADP INC, founded in 1973, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $598K, a strong 38% operating margin.

Mission

BUSINESS SUPPORT FOR WOMEN AND MINORITY OWNED BUSINESS.

Program Service Accomplishments

Program 1

Expenses: $976,136 Revenue: $1,573,791

The area severed is the states of Tennessee, Mississippi, and Arkansas. The MMC-TADP may provide technical assistance, training and development at no cost or fees based on market rates. The scope of technical services, training and development may include, but not limited to, formal or informal, seminar or structured classroom style financial education, financial management, and business development training and programming. The mediums of delivery will be determined by current offerings in the marketplace and technological advances.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,144,550

Program Service Revenue $428,101

Investment Income $1,140

Other Revenue $0

TOTAL REVENUE $1,573,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $494,401

Fundraising Expenses $0

Program Expenses $976,136

Other Expenses $481,735

TOTAL EXPENSES $976,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,573,791	$680,969	+1.3%
Expenses	$976,136	$664,663	+0.5%
Net Income	$597,655	$16,306	+35.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOZELLE BOOKER	DIRECTOR	8.00	Officer Director Key Emp	$0	$0	$0
LARRY FOGARTY	DIRECTOR	2.00	Director	$0	$0	$0
TAMMY LOCASCIO	DIRECTOR	2.00	Director	$0	$0	$0
JOHN WEBB	DIRECTOR	2.00	Director	$0	$0	$0
MELBA CHESTER	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,573,791	$976,136	$872,269	$597,655
2023	$680,969	$664,663	$366,075	$16,306
2022	$945,392	$928,528	$395,912	$16,864
2021	$928,283	$855,855	$401,918	$72,428
2020	$749,676	$700,372	$326,861	$49,304
2019	$508,605	$528,618	$194,556	$-20,013
2018	$574,418	$524,369	$219,609	$50,049