ROBERT M HEARIN SUPPORT FOUNDATION

EIN: 582203211 501(c)(3) Education

RIDGELAND, MS

Total Revenue
$42,334,992
Total Expenses
$14,161,364
Total Assets
$233,774,825
Net Assets
$233,775,444
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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
1995
Legal Domicile
MS
Principal Officer
MR MATTHEW L HOLLEMAN
Phone
6013668363
Tax Period
2023-12-01 to 2024-11-30

ROBERT M HEARIN SUPPORT FOUNDATION, founded in 1995, is a mid-sized nonprofit in the Education sector that reported $42.3M in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28.2M, a strong 67% operating margin.

Mission

TO PROVIDE SUPPORT THROUGH GRANTS TO SPECIFIED EDUCATIONAL INSTITUTIONS AND PUBLIC CHARITIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $42,335,199
Other Revenue $-207
TOTAL REVENUE $42,334,992

Expense Breakdown

Grants Paid $12,342,042
Salaries & Benefits $354,398
Fundraising Expenses $0
Program Expenses $12,704,952
Other Expenses $1,464,924
TOTAL EXPENSES $14,161,364

Year-over-Year Comparison

2023 2022 Change
Revenue $42,334,992 $17,066,877 +1.5%
Expenses $14,161,364 $14,145,988 +0.0%
Net Income $28,173,628 $2,920,889 +8.6%
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

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Governance

Voting Members
5
Independent Members
3
Employees
2
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
2
$254,708
Total Directors
7
$337,208
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR MATTHEW L HOLLEMAN EXECUTIVE DI 36.00
Officer Director
$180,000 $0 $180,000
MS JACKIE BLACKWELL CHIEF ADMIN 36.00
Officer Director
$74,708 $0 $74,708
MR STEVE HENDRIX TRUSTEE 3.00
Director
$30,000 $0 $30,000
MR ALAN W PERRY TRUSTEE 3.00
Director
$30,000 $0 $30,000
MR EE LAIRD JR TRUSTEE 3.00
Director
$22,500 $0 $22,500
MR ROBERT M HEARIN JR TRUSTEE 3.00
Director
$0 $0 $0
MS LAURIE HEARIN MCREE 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
2025 No data No data No data No data
2024 $42,334,992 $14,161,364 $233,774,825 $28,173,628
2023 $17,066,877 $14,145,988 $205,626,247 $2,920,889
2022 $23,562,269 $14,263,759 $202,680,927 $9,298,510
2021 $17,750,137 $12,731,613 $193,382,417 $5,018,524
2020 $15,235,625 $13,436,611 $188,363,893 $1,799,014
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