MOBILE CARNIVAL ASSOCIATION INC

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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

1927

Legal Domicile

Principal Officer

J GUY HELMSING

Phone

2514319334

Tax Period

2024-07-01 to 2025-06-30

MOBILE CARNIVAL ASSOCIATION INC, founded in 1927, is a community nonprofit in the Recreation & Sports sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 38% operating margin.

Mission

THE PROMOTION OF EDUCATION AND CIVIC ADVANCEMENT AND ENJOYMENT OF THE INHABITANTS OF THE CITY AND COUNTY OF MOBILE, ALABAMA, THROUGH THE SPONSORSHIP AND FURTHERANCE OF MARDI GRAS AND ITS ACTIVITIES AND TRADITIONS, AND THE DOING OF ALL OTHER LAWFUL THINGS INCIDENT TO SUCH PURPOSE

Program Service Accomplishments

Program 1

Expenses: $1,431,784 Revenue: $920,131

PROMOTION OF THE CELEBRATION OF MARDI GRAS THROUGH CARNIVALS, PUBLIC FESTIVALS, ENTERTAINMENT, AND AMUSEMENT AND PARTICIPATION IN CIVIC MATTERS FOR THE PUBLIC'S HAPPINESS AND WELFARE INCLUDING THE...

PROMOTION OF THE CELEBRATION OF MARDI GRAS THROUGH CARNIVALS, PUBLIC FESTIVALS, ENTERTAINMENT, AND AMUSEMENT AND PARTICIPATION IN CIVIC MATTERS FOR THE PUBLIC'S HAPPINESS AND WELFARE INCLUDING THE ESTABLISHMENT OF AND MAINTAINING A CARNIVAL MUSEUM WHICH WILL MAINTAIN A PERMANENT REPOSITORY FOR HISTORICAL DOCUMENTS, COSTUMES AND OTHER MEMORABILIA RELATED TO MARDI GRAS IN MOBILE AND WILL OFFER A VENUE FOR THE EDUCATIONAL BENEFIT OF STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,662,385

Program Service Revenue $867,201

Investment Income $132,602

Other Revenue $0

TOTAL REVENUE $2,662,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,431,784

Other Expenses $1,644,349

TOTAL EXPENSES $1,644,349

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,662,188	$3,446,522	-0.2%
Expenses	$1,644,349	$1,841,907	-0.1%
Net Income	$1,017,839	$1,604,615	-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

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
ROBISON C MCCLURE JR	DIRECTOR, VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES F WATKINS	DIRECTOR, VP/SECRETARY	2.00	Officer Director	$0	$0	$0
J GUY HELMSING	DIRECTOR, CHAIRMAN/TREASURER	2.00	Officer Director	$0	$0	$0
JOHN T ARENDALL	DIRECTOR	1.00	Director	$0	$0	$0
W RICHARD DELANEY JR	DIRECTOR, ASST TREASURER	2.00	Officer Director	$0	$0	$0
J MITCHUM JACKSON	DIRECTOR, VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM D WALSH III	DIRECTOR	1.00	Officer Director	$0	$0	$0
COLEMAN G OSWALT III	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS B VAN ANTWERP JR	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGUS ROYAL COOPER III	DIRECTOR	1.00	Director	$0	$0	$0
J TUNSTALL INGE JR	DIRECTOR	1.00	Director	$0	$0	$0
ANNA M MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
H TAYLOR MORRISSETTE III	DIRECTOR	1.00	Director	$0	$0	$0
T FORRESS RAYFORD JR	DIRECTOR	1.00	Director	$0	$0	$0
JAY D ROBERDS II	DIRECTOR	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
2025	$2,662,188	$1,644,349	$5,663,304	$1,017,839
2024	$3,446,522	$1,841,907	$4,645,465	$1,604,615
2023	$1,876,599	$2,006,578	$3,290,850	$-129,979
2022	$1,711,300	$1,690,047	$3,134,093	$21,253
2021	$1,314,202	$776,562	$3,112,840	$537,640
2020	$1,489,843	$1,557,671	$2,584,761	$-67,828
2019	$1,527,522	$1,398,066	$2,799,826	$129,456