MISSISSIPPI ASSOCIATION OF FINANCIAL INSTITUTIONS OF DEPOSIT (EIN 640204860) - 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

1960

Legal Domicile

Principal Officer

GORDON FELLOWS

Phone

6019486366

Tax Period

2022-07-01 to 2023-06-30

MISSISSIPPI ASSOCIATION OF FINANCIAL INSTITUTIONS OF DEPOSIT, founded in 1960, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 11% surplus.

Mission

THE MISSISSIPPI BANKERS ASSOCIATION PROVIDES MEMBERS WITH THE LATEST INFORMATION RELATED TO BANKING LAWS, TAX LAWS, ACCOUNTING METHODS AND BANK OPERATIONS.THE MBA ALSO FUNDS THE MBA SCHOOL OF BANKING AND THE MISSISSIPPI YOUNG BANKERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,415,890

Investment Income $95,095

Other Revenue $423,110

TOTAL REVENUE $2,934,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $881,872

Fundraising Expenses $0

Other Expenses $1,736,039

TOTAL EXPENSES $2,617,911

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,934,095	$2,580,964	+0.1%
Expenses	$2,617,911	$2,325,654	+0.1%
Net Income	$316,184	$255,310	+0.2%

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

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

$435,693

Total Directors

$435,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
M RAY COLE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MITCH WAYCASTER	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
BRAD JONES	TREASURER	2.00	Officer Director	$0	$0	$0
GORDON FELLOWS	PRESIDENT	32.60	Officer Director	$366,862	$68,831	$435,693
ANDY ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
AMY DAVIS	VICE PRES-OP	40.00	Highest	$105,126	$26,754	$131,880
GREG MCKEE	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER WALLACE	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN CHAPMAN	DIRECTOR	2.00	Director	$0	$0	$0
JAY TINDALL JR	DIRECTOR	2.00	Director	$0	$0	$0
HENRY LOGUE	DIRECTOR	2.00	Director	$0	$0	$0
MIKE STATEN	DIRECTOR	2.00	Director	$0	$0	$0
DUANE DEWEY	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN HILL	DIRECTOR	2.00	Director	$0	$0	$0
HUE TOWNSEND	DIRECTOR	2.00	Director	$0	$0	$0
LILLOUS ANN SHOEMAKER	DIRECTOR	2.00	Director	$0	$0	$0
MAX YATES	DIRECTOR	2.00	Director	$0	$0	$0
DREW KENNA	DIRECTOR	2.00	Director	$0	$0	$0
CLAYTON LEGEAR	DIRECTOR	2.00	Director	$0	$0	$0
PHIL WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LEARD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HEMETER	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$2,934,095	$2,617,911	$4,662,244	$316,184
2022	$2,580,964	$2,325,654	$3,179,315	$255,310
2021	$1,890,944	$1,602,585	$3,030,525	$288,359
2020	$2,026,732	$1,919,299	$2,733,619	$107,433
2019	$2,415,201	$2,193,678	$2,536,850	$221,523

MISSISSIPPI ASSOCIATION OF FINANCIAL INSTITUTIONS OF DEPOSIT