Millsaps Development Inc (EIN 237210558) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

Robert Pearigen

Phone

6019741100

Tax Period

2021-07-01 to 2022-06-30

Millsaps Development Inc, founded in 1972, is a micro nonprofit that reported $38K in total revenue in fiscal year 2021. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 64% operating deficit.

Mission

MILLSAPS DEVELOPMENT, INC. IS A CORPORATION ORGANIZED BY MILLSAPS COLLEGE TO DEVELOP CERTAIN OF THE COLLEGE'S REAL PROPERTY AS A SOURCE OF REVENUE TO THE COLLEGE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,082

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $62,580

TOTAL EXPENSES $62,580

Year-over-Year Comparison

	2021	2020	Change
Revenue	$38,082	$59,953	-0.4%
Expenses	$62,580	$253,914	-0.8%
Net Income	$-24,498	$-193,961	-0.9%

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

N/A

Employees

N/A

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

$314,194

Total Directors

$314,194

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Pearigen	Chairman	1.0	Officer Director	$0	$34,493	$314,194

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
2022	$38,082	$62,580	$3,466	$-24,498
2021	$59,953	$253,914	$3,466	$-193,961
2020	$-538,369	No data	$298,299	No data
2019	$-24,922	No data	$3,736,668	No data
2018	$-72,006	No data	$3,761,590	No data

Millsaps Development Inc