MS-SC TRUST FBO PHILLIPS EXETER ACADEMY (EIN 576114852) - 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

1987

Legal Domicile

Principal Officer

TIM PITTMAN

Phone

8438833496

Tax Period

2021-01-01 to 2021-12-31

MS-SC TRUST FBO PHILLIPS EXETER ACADEMY, founded in 1987, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2021. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 15% surplus.

Mission

THE MS-SC TRUST FBO PHILLIPS EXETER ACADEMY, EXETER, NH PROVIDES THE ACADEMY WITH FUNDS TO SUPPORT NEEDY STUDENTS FROM THE STATES OF MS AND SC WHO HAVE GAINED ADMISSION TO THE ACADEMY. IF NOT NEEDED FOR SCHOLARSHIP STUDENTS FROM MS AND SC, TRUST FUNDS MAY BE PROVIDED TO NEEDY STUDENTS FROM ONE OR MORE OF THE FOLLOWING STATES: TENNESSEE, ALABAMA, ARKANSAS AND GEORGIA. THE TRUST ALSO MAY PROVIDE FUNDS TO SUPPORT EDUCATIONAL PROGRAMS OF THE ACADEMY.

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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 $0

Investment Income $2,032,798

Other Revenue $0

TOTAL REVENUE $2,032,798

Expense Breakdown

Grants Paid $1,500,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,735,371

Other Expenses $235,371

TOTAL EXPENSES $1,735,371

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,032,798	$1,398,425	+0.5%
Expenses	$1,735,371	$556,328	+2.1%
Net Income	$297,427	$842,097	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY D PITTMAN	TRUSTEE	3.00	Director	$0	$0	$0
JOSEPH FELLOWS	TRUSTEE	1.00	Director	$0	$0	$0
W HODDING CARTER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN F HASSELL III	TRUSTEE	1.00	Director	$0	$0	$0
FRED E PITTMAN MD 1121-121721	FOUNDER/TRUSTEE	3.00	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
2021	$2,032,798	$1,735,371	$24,990,047	$297,427
2020	$1,398,425	$556,328	$34,535,315	$842,097
2019	$661,095	$416,134	$12,747,434	$244,961
2018	$298,290	$309,825	$8,762,290	$-11,535

MS-SC TRUST FBO PHILLIPS EXETER ACADEMY