MERIDIAN, MS
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Sign In — Free (10 views/day)MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $152K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Net assets of $1.0M represent 79 months of operating reserves.
The Mississippi Industrial Heritage Museum located in the historic Soule Steam Feed Works site promotes the heritage labor and innovation that influenced and shaped our countrys rise as an industrial and manufacturing pioneer.
The Mississippi Industrial Heritage Museum continues to preserve restore and interpret historic Soule Steam Feed Works. During the past year the museum certified safety sprinkler system. In general...
The Mississippi Industrial Heritage Museum continues to preserve restore and interpret historic Soule Steam Feed Works. During the past year the museum certified safety sprinkler system. In general upkeep the steam engines and other historic machine shop equipment require a great deal of care throughout the year so that they can still be operable during museum events and larger tours. It is the museums desire that equipment be displayed and shown in motion rather than as a static display.
The Mississippi Industrial Heritage Museum is open for self-guided tours Thursday through Saturday. The organization received grant funding from Visit Meridian to help cover advertising expenses...
The Mississippi Industrial Heritage Museum is open for self-guided tours Thursday through Saturday. The organization received grant funding from Visit Meridian to help cover advertising expenses outside a 90-mile radius of the museum. The Museum hosted the 20th Annual Soule Live Steam Festival again this year with more than 1,000 visitors. Since the event started in 2003 the museum has offered free admission to students and children on Fridays during this event. Programs during this event are used to educate the public with various demonstrations including blacksmithing weaving molten metal pouring steam engines operating belt-driven machine shop letter-press printing and broom-making. The museum hosted the 8th Annual Maker Faire Meridian in April attracted 186 people to attend this free event.
The museum continues its outreach by opening the museum for private events during the year. Larger groups of visitors attending private events provide an opportunity for a different public audience...
The museum continues its outreach by opening the museum for private events during the year. Larger groups of visitors attending private events provide an opportunity for a different public audience to experience and learn about Soule and industrial heritage. Private events open the museum to the hosts their family friends colleagues employees and business patrons. For a set fee the museum is open during the off-hours for these private events. The museum also participates in state and regional conferences and events for additional outreach with other museums preservationists and other organizations. The Museum hosted the Meridian Symphony Associations presentation of The Music of Paul Davis an event showcasing artist Paul Davis a native of Meridian.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $151,523 | $164,693 | -0.1% |
| Expenses | $152,892 | $159,520 | 0.0% |
| Net Income | $-1,369 | $5,173 | -1.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gregory W Hatcher | Sec Treas and Executive Director | 40.00 |
Officer
|
$57,200 | $0 | $57,200 |
| James L McRae | President | 10.00 |
Officer
|
$0 | $0 | $0 |
| Mark A Scarborough | Vice President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Walter B Clement | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Curt Friday | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Mike McKnight | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Dan Holland | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| David Price | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Maurice Hall | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $151,523 | $152,892 | $953,606 | $-1,369 |
| 2023 | $151,523 | $153,102 | $953,606 | $-1,579 |
| 2022 | $164,693 | $159,520 | $884,439 | $5,173 |
| 2021 | $137,222 | $147,085 | $1,138,219 | $-9,863 |
| 2020 | $170,277 | $153,954 | $1,061,159 | $16,323 |
| 2019 | $186,518 | $223,747 | $1,068,079 | $-37,229 |
Compare MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC with other nonprofits in Mississippi and across the country.