MISSISSIPPI ECONOMIC COUNCIL (EIN 640293716) - 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

1949

Legal Domicile

Principal Officer

JOHN S WALLER

Phone

6019690022

Tax Period

2024-05-01 to 2025-04-30

MISSISSIPPI ECONOMIC COUNCIL, founded in 1949, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.4M left a modest 4% surplus.

Mission

TO BUILD A SENSE OF STATEWIDE BUSINESS COMMUNITY. AS THE STATE CHAMBER OF COMMERCE, THE ORGANIZATION SERVES AS A MEANINGFUL VOICE ON ISSUES AND INITIATIVES FOCUSING ON THE STATE'S FUTURE IN EDUCATION, WORKFORCE, BUSINESS CLIMATE AND IMAGE.

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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 $0

Program Service Revenue $2,496,340

Investment Income $1,107

Other Revenue $286

TOTAL REVENUE $2,497,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $997,446

Fundraising Expenses $0

Other Expenses $1,390,701

TOTAL EXPENSES $2,388,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,497,733	$2,706,843	-0.1%
Expenses	$2,388,147	$2,534,845	-0.1%
Net Income	$109,586	$171,998	-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

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

$340,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN S WALLER	CEO/PRESIDEN	36.00	Officer	$278,604	$30,716	$340,276
VICKIE POWELL	VP OF FOUNDA	4.00	Highest	$19,933	$22,505	$221,832
BETH KITCHINGS	DIR. OF MEMB	40.00	Highest	$142,864	$18,094	$160,958
CATHY NORTHINGTON- RESIGNED 324	CHIEF OPER.	40.00	Highest	$139,909	$5,867	$145,776
DANIELLE WILLIAMS	DIRECTOR OF	36.00	Highest	$101,501	$15,396	$128,175
KATE BOURGEOIS	DIRECTOR	2.00	Director	$0	$0	$0
JEFF BOWMAN	1ST PAST CHA	2.00	Officer Director	$0	$0	$0
DAVID E BREVARD	DIRECTOR	2.00	Director	$0	$0	$0
AUGUSTUS COLLINS	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW DAVIDSON	TREASURER	2.00	Officer Director	$0	$0	$0
BRUCE DEVINEY	DIRECTOR	2.00	Director	$0	$0	$0
DUANE DEWEY	2ND INCOMING	2.00	Officer Director	$0	$0	$0
TOMMY DULANEY	DIRECTOR	2.00	Director	$0	$0	$0
JEFF FIELD	DIRECTOR	2.00	Director	$0	$0	$0
HALEY FISACKERLY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HAIRSTON	1ST INCOMING	2.00	Officer Director	$0	$0	$0
ALAN HARGETT	DIRECTOR	2.00	Director	$0	$0	$0
JAMES D ROLLINS III	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM YATES III	DIRECTOR	2.00	Director	$0	$0	$0
JACK R REED JR	DIRECTOR	2.00	Director	$0	$0	$0
BILL LAMPTON	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW MALLINSON	DIRECTOR	N/A	Director	$0	$0	$0
CAROL PIGOTT	DIRECTOR	2.00	Director	$0	$0	$0
AARON SISK	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM SONES	DIRECTOR	2.00	Director	$0	$0	$0
LEX TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
PAT THOMASSON	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL WALKER	DIRECTOR	2.00	Director	$0	$0	$0
KARI WILKERSON	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN WILLIAMS	2ND PAST CHA	2.00	Officer Director	$0	$0	$0
ANTHONY WILSON	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	$2,497,733	$2,388,147	$4,340,835	$109,586
2024	$2,706,843	$2,534,845	$4,424,265	$171,998
2023	$2,619,404	$2,301,958	$3,947,855	$317,446
2022	$2,971,489	$2,454,647	$3,436,515	$516,842
2021	$2,036,325	$1,707,177	$3,183,804	$329,148
2020	$2,355,973	$2,161,190	$2,543,860	$194,783
2019	$2,697,288	$2,560,311	$2,420,570	$136,977
2018	$2,581,446	$2,724,951	$2,310,142	$-143,505

MISSISSIPPI ECONOMIC COUNCIL