INDEPENDENT INSURANCE AGENTS OF MISSISSIPPI INC

EIN: 640204857 Community Improvement

FLOWOOD, MS

Total Revenue
$1,231,346
Total Expenses
$1,113,881
Total Assets
$5,079,407
Net Assets
$4,973,041
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
MS
Principal Officer
CLINTON GRAHAM
Phone
6019399909
Tax Period
2024-09-01 to 2025-08-31

INDEPENDENT INSURANCE AGENTS OF MISSISSIPPI INC, founded in 1924, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 10% surplus.

Mission

TO BE AN ADVOCATE FOR INSURANCE AGENTS AND PROVIDE MEMBERS A COMPETITIVE ADVANTAGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $353,827
Program Service Revenue $531,469
Investment Income $199,785
Other Revenue $146,265
TOTAL REVENUE $1,231,346

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $376,765
Fundraising Expenses $0
Other Expenses $733,116
TOTAL EXPENSES $1,113,881

Year-over-Year Comparison

2024 2023 Change
Revenue $1,231,346 $1,581,723 -0.2%
Expenses $1,113,881 $1,154,060 0.0%
Net Income $117,465 $427,663 -0.7%
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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Governance

Voting Members
16
Independent Members
16
Employees
3
Volunteers
60

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
6
$215,902
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON POINTER VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
KELSEY SIMS BOARD MEMBER 1.00
Director
$0 $0 $0
BRADLEY TYLER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD MATTIACE BOARD MEMBER 1.00
Director
$0 $0 $0
ROGER ELFERT BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY PENDLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JASON RYDER BOARD MEMBER 1.00
Director
$0 $0 $0
ABBEY WILKERSON BOARD MEMBER 1.00
Director
$0 $0 $0
SARA WELCH BOARD MEMBER 1.00
Director
$0 $0 $0
CYNDI TULLOS BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE RADCLIFFE BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN JOLLY PAST CHAIRMAN 1.00
Director
$0 $0 $0
SELDON VAN CLEVE CHAIRMAN 1.00
Officer Director
$0 $0 $0
SCOTT GRAY NATIONAL DIRECTOR 1.00
Officer Director
$0 $0 $0
DURR BOYLES TREASURER 1.00
Officer Director
$0 $0 $0
JOHN MORGAN MIMS CHAIRMAN-ELECT 1.00
Officer Director
$0 $0 $0
CLINTON GRAHAM PRESIDENT 40.00
Officer
$188,321 $27,581 $215,902
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 $1,231,346 $1,113,881 $5,079,407 $117,465
2024 $1,581,723 $1,154,060 $4,925,476 $427,663
2023 $1,343,725 $1,323,101 $4,443,574 $20,624
2022 $1,350,624 $1,100,075 $4,159,637 $250,549
2021 $1,211,412 $1,042,858 $4,438,811 $168,554
2020 $880,052 $891,027 $3,965,030 $-10,975
2019 $1,296,188 $1,248,688 $4,232,734 $47,500
2018 $1,291,618 $1,174,281 $4,036,029 $117,337
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