MOBILE AREA MARDI GRAS ASSOCIATION INCORPORATED (EIN 510157777) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

TENERAH RICE

Tax Period

2023-04-01 to 2024-03-31

MOBILE AREA MARDI GRAS ASSOCIATION INCORPORATED, founded in 1938, is a small nonprofit that reported $480K in total revenue in fiscal year 2018.

Mission

Contributes to the culture and heritage of Mobile, Alabama and the surrounding areas by hosting Mardi Gras Parades, Balls,and Associated

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $533,426

Investment Income $0

Other Revenue $208,205

TOTAL REVENUE $741,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $419,661

Other Expenses $670,408

TOTAL EXPENSES $670,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$741,631	$598,987	+0.2%
Expenses	$670,408	$548,168	+0.2%
Net Income	$71,223	$50,819	+0.4%

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

113

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TENERAH RICE	PRESIDENT	5	Officer	$0	$0	$0
ISADORE SIMMS	VICE-PRESIDENT	5	Officer	$0	$0	$0
ARDELL RODGER	SECRETARY	5	Officer	$0	$0	$0
JOSHUA WILLIAMS	FINANCIAL SECRETARY	5	Officer	$0	$0	$0
JAYSON WALKER	TREASURER	5	Officer	$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
2024	$741,631	$670,408	$776,357	$71,223
2023	$598,987	$548,168	$705,134	$50,819
2022	$428,276	$366,079	$654,315	$62,197
2021	$171,569	$163,423	$728,502	$8,146
2020	$464,756	$461,378	$626,086	$3,378
2019	$480,317	$507,717	$658,832	$-27,400

MOBILE AREA MARDI GRAS ASSOCIATION INCORPORATED