MISSISSIPPI ARTS AND ENTERTAINMENT CENTER INC (EIN 352193471) - 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

2001

Legal Domicile

Principal Officer

EDDIE KELLY

Phone

6015811550

Tax Period

2024-07-01 to 2025-06-30

MISSISSIPPI ARTS AND ENTERTAINMENT CENTER INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 20% operating margin.

Mission

TO PROMOTE MISSISSIPPI ARTS AND ENTERTAINMENT.

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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 $3,304,989

Program Service Revenue $2,587,105

Investment Income $355,866

Other Revenue $0

TOTAL REVENUE $6,247,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,242,569

Fundraising Expenses $536,327

Program Expenses $3,261,254

Other Expenses $3,733,380

TOTAL EXPENSES $4,975,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,247,960	$3,529,426	+0.8%
Expenses	$4,975,949	$4,837,498	+0.0%
Net Income	$1,272,011	$-1,308,072	-2.0%

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

205

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
PENNY KEMP	CEO	40.00		$158,700	$0	$158,700
ANN ALEXANDER	PAST CHAIR	2.00	Director	$0	$0	$0
ARCHIE ANDERSON	OFFICER	2.00	Director	$0	$0	$0
MARIAN BARKSDALE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
FRED CANNON	OFFICER	2.00	Director	$0	$0	$0
KIM CARON	OFFICER	2.00	Director	$0	$0	$0
SHERYL DAVIDSON	OFFICER	2.00	Director	$0	$0	$0
TOMMY DULANEY	OFFICER	2.00	Director	$0	$0	$0
BILLY ESTES	OFFICER	2.00	Director	$0	$0	$0
JUDGE VELDORE YOUNG GRAHAM	OFFICER	2.00	Director	$0	$0	$0
CHECKY HERRINGTON	OFFICER	2.00	Director	$0	$0	$0
CRAIG HITT	EX OFFICIAL	2.00	Director	$0	$0	$0
EDDIE KELLY	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ALAN LAMAR	OFFICER	2.00	Director	$0	$0	$0
ANNIE MCMILLAN	OFFICER	2.00	Director	$0	$0	$0
SAMMY MOON	OFFICER	2.00	Director	$0	$0	$0
JANE NOORWOOD	OFFICER	2.00	Director	$0	$0	$0
LISA RICE	OFFICER	2.00	Director	$0	$0	$0
CAROLINE CANNADA RUSH	OFFICER	2.00	Director	$0	$0	$0
KELLY SWAIN	OFFICER	2.00	Director	$0	$0	$0
MILLIE SWAN	OFFICER	2.00	Director	$0	$0	$0
BARBARA THOMAS	SECRETARY	2.00	Officer Director	$0	$0	$0
BILLY THORNTON	OFFICER	2.00	Director	$0	$0	$0
MICHAEL TRUELOVE	TREASURER	2.00	Officer Director	$0	$0	$0
DIANNE WALTON	OFFICER	2.00	Director	$0	$0	$0
FRED WILE	IMMEDIATE PA	2.00	Officer Director	$0	$0	$0
DUFFEE WILLIAMS	OFFICER	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
2025	$6,247,960	$4,975,949	$11,508,252	$1,272,011
2024	$3,529,426	$4,837,498	$10,021,317	$-1,308,072
2023	$3,111,672	$4,693,335	$11,359,975	$-1,581,663
2022	$2,882,916	$4,510,943	$12,855,099	$-1,628,027
2021	$2,667,406	$4,703,793	$14,826,824	$-2,036,387
2020	$2,750,183	$6,093,126	$17,949,577	$-3,342,943
2019	$11,133,815	$5,218,713	$20,161,063	$5,915,102

MISSISSIPPI ARTS AND ENTERTAINMENT CENTER INC