MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION INC (EIN 570906060) - 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

1989

Legal Domicile

Principal Officer

CLAUDE BRUNSON MD

Phone

6018536733

Tax Period

2023-01-01 to 2023-12-31

MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION INC, founded in 1989, is a small nonprofit that reported $300K in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $116K, a strong 39% operating margin.

Mission

THE ORGANIZATION PROVIDES FUNDING FOR MEDICAL RESEARCH, EDUCATIONAL PROGRAMS FOR PHYSICIANS AND OTHERS AS WELL AS EDUCATIONAL ASSISTANCE FOR MEDICAL STUDENTS. IN ADDITION, THE ORGANIZATION PROVIDES GRANTS TO MEDICAL PROFESSIONALS WHOSE PRACTICES HAVE BEEN IMPACTED BY DISASTER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $295,928

Program Service Revenue $1,000

Investment Income $2,045

Other Revenue $1,300

TOTAL REVENUE $300,273

Expense Breakdown

Grants Paid $76,000

Salaries & Benefits $11,656

Fundraising Expenses $0

Program Expenses $163,096

Other Expenses $96,597

TOTAL EXPENSES $184,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,273	$166,708	+0.8%
Expenses	$184,253	$126,174	+0.5%
Net Income	$116,020	$40,534	+1.9%

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

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

$408,722

Total Directors

$408,722

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP HOLBROOK MD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BRYAN MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CROSS MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN R MITCHELL MD	DIRECTOR	1.00	Director	$0	$0	$0
RODERICK GIVENS MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT HAMBLETON MD	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE BRUNSON MD	SECRETARY-TREASURER	1.00	Officer Director	$0	$58,566	$408,722
DOMINICA THAMES	DIRECTOR OF BUSINESS MGMT, MSMA	1.00	Highest	$0	$18,898	$132,792
R DAVID ROBERTS III	DIRECTOR OF GOV. ACT, MSMA	1.00	Highest	$0	$40,519	$187,842
SCOTT DENNIS	CEO, MPCN	1.00	Highest	$0	$42,486	$343,569

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	No data	No data	No data	No data
2023	$300,273	$184,253	$670,000	$116,020
2023	$300,273	$184,253	$670,000	$116,020
2022	$166,708	$126,174	$496,066	$40,534
2022	$166,708	$126,174	$496,066	$40,534
2021	$239,871	$163,976	$447,092	$75,895
2018	$217,143	$215,659	$289,116	$1,484

MISSISSIPPI STATE MEDICAL ASSOCIATION FOUNDATION INC