PROFESSIONAL BAIL AGENTS ASSN OF MS MISSISSIPPI BAIL AGENTS ASSOCIATION (EIN 583019017) - 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

1992

Principal Officer

MIKE MORRISON

Phone

6015998599

Tax Period

2023-01-01 to 2023-12-31

PROFESSIONAL BAIL AGENTS ASSN OF MS MISSISSIPPI BAIL AGENTS ASSOCIATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $251K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $79K, a strong 31% operating margin.

Mission

THE ASSOCIATION'S PRIMARY PURPOSE IS TO PROVIDE EDUCATION FOR ITS MEMBERS. THIS INCLUDES PRE-LICENSING AND CONTINUING EDUCATION. THE GROUP ALSO WORKS WITH GROUPS WHO COME IN CONTACT WITH BAIL AGENTS INCLUDING JUDGES, PROSECUTORS, COURT CLERKS AND LAW ENFORCEMENT. THE ASSOCIATION WORKS TO PROVIDE EDUCATION AND ASSIST THESE GROUPS SO THAT THERE IS A BETTER WORKING RELATIONSHIP WITH BAIL AGENTS.

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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 $0

Program Service Revenue $234,478

Investment Income $352

Other Revenue $16,254

TOTAL REVENUE $251,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,363

Fundraising Expenses $0

Program Expenses $172,114

Other Expenses $113,751

TOTAL EXPENSES $172,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,084	$190,050	+0.3%
Expenses	$172,114	$151,779	+0.1%
Net Income	$78,970	$38,271	+1.1%

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

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

$55,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA STAGGS	EXECUTIVE DI	40.00	Officer	$40,019	$15,283	$55,302
BRIAN CORBETT	NORTHERN DIS	1.00	Officer Director	$0	$0	$0
WAYNE DOWDLE	EXECUTIVE VP	1.00	Officer Director	$0	$0	$0
SUSAN ETHRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN HARRISON	SECRETARY	1.00	Officer Director	$0	$0	$0
PATTY HODGES	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
MIKE MORRISON	PRESIDENT	2.00	Officer Director	$0	$0	$0
GENE NEWMAN	SERGEANT AT	1.00	Officer Director	$0	$0	$0
DONALD H PUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROCKEY SPIERS	BOARD MEMBER	1.00	Director	$0	$0	$0
DWAYNE THOMPSON	CENTRAL DIST	1.00	Officer Director	$0	$0	$0
SHERRI THORNTON	SOUTHERN DIS	1.00	Officer Director	$0	$0	$0
CHRISTOPHER VANDERFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS WILLIAMS	TREASURER	2.00	Officer Director	$0	$0	$0
JOSH WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
TRISH YOUNGER	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$251,084	$172,114	$354,199	$78,970
2022	$190,050	$151,779	$275,229	$38,271
2021	$205,194	$134,171	$236,958	$71,023
2020	$162,038	$138,999	$165,935	$23,039
2019	$179,163	$207,760	$142,896	$-28,597

PROFESSIONAL BAIL AGENTS ASSN OF MS MISSISSIPPI BAIL AGENTS ASSOCIATION