THE PARTNERSHIP FOUNDATION INC

EIN: 205162135 501(c)(3) Community Improvement

HATTIESBURG, MS

Total Revenue
$4,714,428
Total Expenses
$892,583
Total Assets
$5,038,434
Net Assets
$5,037,810
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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
2006
Legal Domicile
MS
Principal Officer
CHAD NEWELL
Phone
6012967500
Tax Period
2024-10-01 to 2025-09-30

THE PARTNERSHIP FOUNDATION INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 8346% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 81% operating margin.

Mission

TO PROMOTE AND SUPPORT ECONOMIC WELLNESS AND QUALITY OF LIFE FOR GREATER HATTIESBURG AREA

Program Service Accomplishments

Program 1
Expenses: $745,000

TO PROMOTE AND SUPPORT ECONOMIC WELLNESS AND QUALITY OF LIFE FOR GREATER HATTIESBURG AREA

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,707,833
Program Service Revenue $0
Investment Income $6,595
Other Revenue $0
TOTAL REVENUE $4,714,428

Expense Breakdown

Grants Paid $745,000
Salaries & Benefits $0
Fundraising Expenses $125,801
Program Expenses $745,000
Other Expenses $147,583
TOTAL EXPENSES $892,583

Year-over-Year Comparison

2024 2023 Change
Revenue $4,714,428 $55,821 +83.5%
Expenses $892,583 $776,276 +0.1%
Net Income $3,821,845 $-720,455 -6.3%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
7

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
4
$368,903
Total Directors
8
$368,903
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD NEWELL SECRETARY 1.00
Officer Director
$0 $21,253 $368,903
GRANT WALKER VICE-CHAIR 0.00
Officer Director
$0 $0 $0
JEFF BOWMAN TREASURER 0.00
Officer Director
$0 $0 $0
SHEA MCNEASE BOARD MEMBER 0.00
Director
$0 $0 $0
HOPPY COLE CHAIR 0.00
Officer Director
$0 $0 $0
JOHN GRIFFITH BOARD MEMBER 0.00
Director
$0 $0 $0
KEVIN BREWER BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN JOHNSON BOARD MEMBER 0.00
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
2025 $4,714,428 $892,583 $5,038,434 $3,821,845
2024 $55,821 $776,276 $1,360,717 $-720,455
2023 $54,796 $766,601 $2,082,899 $-711,805
2022 $51,785 $762,834 $2,774,690 $-711,049
2021 $2,609,049 $690,522 $3,468,355 $1,918,527
2020 $1,263,541 $526,846 $1,609,923 $736,695
2019 $62,669 $562,046 $909,410 $-499,377
2018 $25,319 $560,601 $1,418,660 $-535,282
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