FRIENDS OF MISSISSIPPI VETERANS

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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

2008

Legal Domicile

Principal Officer

STEVEN COLE

Phone

6013310432

Tax Period

2021-08-01 to 2022-07-31

FRIENDS OF MISSISSIPPI VETERANS, founded in 2008, is a small nonprofit in the Public & Societal Benefit sector that reported $184K in total revenue in fiscal year 2021. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $160K left a modest 13% surplus.

Mission

TO PROMOTE INTEREST IN THE MISSISSIPPI STATE VETERANS BOARD AND TO SUPPORT THE STATE VETERANS NURSING HOMES AND THE MISSISSIPPI VETERANS MEMORIAL CEMETERY.

Program Service Accomplishments

Program 1

Expenses: $134,707

ASSISTANCE TO VETERANS NURSING HOME AND VETERANS FOR CONSTRUCTION AND IMPROVEMENTS

Program 2

Expenses: $20,640

EXPENSES RELATED TO VETERANS CEMETERY

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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 $2,670

Program Service Revenue $0

Investment Income $0

Other Revenue $180,845

TOTAL REVENUE $183,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,347

Other Expenses $160,365

TOTAL EXPENSES $160,365

Year-over-Year Comparison

	2021	2020	Change
Revenue	$183,515	$143,121	+0.3%
Expenses	$160,365	$84,212	+0.9%
Net Income	$23,150	$58,909	-0.6%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

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
ANN ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BREAZEALE	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN COLE	SECRETARY	1.00	Officer Director	$0	$0	$0
GENERAL LEON COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
BILL FREEMAN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
BOBBY HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LOCKE	DIRECTOR	1.00	Director	$0	$0	$0
BETH MILLING	DIRECTOR	1.00	Director	$0	$0	$0
JACK H WINSTEAD	PRESIDENT	1.00	Officer 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
2022	$183,515	$160,365	$124,317	$23,150