Mississippi College

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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

1826

Legal Domicile

Phone

6019253206

Tax Period

2024-06-01 to 2025-05-31

Mississippi College, founded in 1826, is a major nonprofit in the Education sector that reported $140.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $130.4M left a modest 7% surplus.

Mission

MISSISSIPPI COLLEGE IS A PRIVATE, CO-EDUCATIONAL, COMPREHENSIVE UNIVERSITY OF LIBERAL ARTS AND SCIENCES AND PROFESSIONAL STUDIES DEDICATED TO THE PURSUIT OF ACADEMIC EXCELLENCE. FOUNDED IN 1826, MISSISSIPPI COLLEGE IS THE OLDEST INSTITUTION OF HIGHER LEARNING AND THE LARGEST PRIVATE UNIVERSITY IN THE STATE OF MISSISSIPPI. (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $104,786,935 Revenue: $88,198,809

EDUCATIONAL AND GENERAL EXPENSES: INSTRUCTION IS PROVIDED TO MORE THAN 5,000 STUDENTS WITH UNDERGRADUTATE, GRADUATE AND DOCTORAL PROGRAMS AND DEGREES. THE UNIVERSITY IS COMMITTED TO EXCELLENCE AND...

EDUCATIONAL AND GENERAL EXPENSES: INSTRUCTION IS PROVIDED TO MORE THAN 5,000 STUDENTS WITH UNDERGRADUTATE, GRADUATE AND DOCTORAL PROGRAMS AND DEGREES. THE UNIVERSITY IS COMMITTED TO EXCELLENCE AND INNOVATION IN TEACHING AND LEARNING. TUITION AND FEE REVENUE ARE USED TO PAY SALARIES OF FACULTY AND STAFF AND PROVIDE TEACHING FACILITIES AND NECESSARY SUPPLIES. GRANTS: THE UNIVERSITY AWARDED OVER $47 MILLION IN FINANCIAL AID TO STUDENTS DURING THE 2024-2025 AID YEAR AND MADE OVER $75,000 IN GRANTS TO ORGANIZATIONS THAT SUPPORT STUDENT MINISTRIES ON CAMPUS.

Program 2

Expenses: $9,988,140 Revenue: $22,508,910

AUXILIARY ENTERPRISES: THE UNIVERSITY PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. THESE INCLUDE, BUT ARE NOT LIMITED TO...

AUXILIARY ENTERPRISES: THE UNIVERSITY PROVIDES A NUMBER OF SERVICES THAT SUPPORT LEARNING, BUILD COMMUNITY AND ENHANCE THE OVERALL QUALITY OF STUDENT LIFE. THESE INCLUDE, BUT ARE NOT LIMITED TO, RESIDENTIAL HOUSING, DINING, BOOKSTORE AND MAIL SERVICES.

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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 $13,025,779

Program Service Revenue $110,707,719

Investment Income $16,417,460

Other Revenue $297,647

TOTAL REVENUE $140,448,605

Expense Breakdown

Grants Paid $47,765,023

Salaries & Benefits $43,575,455

Fundraising Expenses $1,713,833

Program Expenses $114,775,075

Other Expenses $39,023,865

TOTAL EXPENSES $130,400,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,448,605	$118,554,281	+0.2%
Expenses	$130,400,343	$125,940,713	+0.0%
Net Income	$10,048,262	$-7,386,432	-2.4%

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

1570

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

$1,263,006

Total Directors

Key Employees

$800,401

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMANDA ALEXANDER-TAYLOR	TRUSTEE,SECRETARY	1.0	Officer Director	$0	$0	$0
BILL SONES	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
JANE HEDERMAN	SECRETARY till 12/31/2024	1.0	Officer Director	$0	$0	$0
RONNIE FALVEY	CHAIRMAN	1.0	Officer Director	$0	$0	$0
ART STEVENS	TRUSTEE	1.0	Director	$0	$0	$0
BARRY CORBETT	TRUSTEE	1.0	Director	$0	$0	$0
BOB WALLER	TRUSTEE	1.0	Director	$0	$0	$0
CHIP STEVENS	TRUSTEE	1.0	Director	$0	$0	$0
CONG GREGG HARPER	TRUSTEE	1.0	Director	$0	$0	$0
DAVID ELDRIDGE	TRUSTEE	1.0	Director	$0	$0	$0
DEBBIE RICE	TRUSTEE	1.0	Director	$0	$0	$0
DR BRIAN CRAWFORD	TRUSTEE	1.0	Director	$0	$0	$0
DR CHAD ALTMYER	TRUSTEE	1.0	Director	$0	$0	$0
DR EDDIE DONAHOE	TRUSTEE	1.0	Director	$0	$0	$0
DWAYNE PICKETT	TRUSTEE	1.0	Director	$0	$0	$0
GARY WATTS	TRUSTEE	1.0	Director	$0	$0	$0
JEFF HOLLAND	TRUSTEE	1.0	Director	$0	$0	$0
JUDGE TOM LEE	TRUSTEE	1.0	Director	$0	$0	$0
KEN WEATHERSBY	TRUSTEE	1.0	Director	$0	$0	$0
LA'VERNE EDNEY	TRUSTEE	1.0	Director	$0	$0	$0
MARJORIE LENOIR	TRUSTEE	1.0	Director	$0	$0	$0
OSCAR MISKELLY	TRUSTEE	1.0	Director	$0	$0	$0
PAUL MOAK JR	TRUSTEE	1.0	Director	$0	$0	$0
PERCY THORNTON	TRUSTEE	1.0	Director	$0	$0	$0
RALPH BARNES	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT WATSON	TRUSTEE	1.0	Director	$0	$0	$0
RONNIE SMITH	TRUSTEE	1.0	Director	$0	$0	$0
ROY FOUNTAIN	TRUSTEE	1.0	Director	$0	$0	$0
SUSAN FORTENBERRY	TRUSTEE	1.0	Director	$0	$0	$0
TINA FULCHER	TRUSTEE	1.0	Director	$0	$0	$0
TONY HUFFMAN	TRUSTEE	1.0	Director	$0	$0	$0
TONY STRINGER	TRUSTEE	1.0	Director	$0	$0	$0
WALLEY HENRY	TRUSTEE	1.0	Director	$0	$0	$0
JAMES B THOMPSON	PRESIDENT	40.0	Officer	$325,102	$65,766	$390,868
LAURA JACKSON	CFO/COO	40.0	Officer	$195,000	$13,650	$208,650
MIKE HIGHFIELD	EXEXUTIVE VP, PROVOST	40.0	Officer	$271,613	$38,414	$310,027
VAN K JONES	CHIEF INFORMATION OFFICER	40.0	Officer	$112,692	$25,794	$138,486
WILLIAM R TOWNSEND	VP & GENERAL COUNSEL	40.0	Officer	$187,569	$27,406	$214,975
JOHN P ANDERSON	DEAN LAW SCHOOL	40.0	Key Emp	$256,593	$47,111	$303,704
MARCELO L EDUARDO	DEAN BUSINESS SCHOOL	40.0	Key Emp	$220,638	$30,858	$251,496
STANLEY A BALDWIN	DEAN SCHOOL OF MATH & SCIENCE	40.0	Key Emp	$212,054	$33,147	$245,201
DONALD E CAMPBELL	FACULTY	40.0	Highest	$146,856	$12,578	$159,434
JUDITH JOHNSON	FACULTY	40.0	Highest	$146,186	$17,747	$163,933
KEITH ELDER	PROVOST UNTIL 03/08/2024	40.0	Highest	$177,980	$4,309	$182,289
PHILLIP L MCINTOSH	FACULTY	40.0	Highest	$145,273	$35,200	$180,473
STEVEN D MULHOLLEN	FACULTY	40.0	Highest	$146,724	$10,232	$156,956

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	$140,448,605	$130,400,343	$279,583,852	$10,048,262
2024	$118,554,281	$125,940,713	$273,930,206	$-7,386,432
2023	$102,878,874	$112,231,844	$259,728,007	$-9,352,970
2022	$112,666,102	$112,401,865	$267,255,610	$264,237
2021	$113,425,007	$112,706,128	$268,873,931	$718,879
2020	$108,288,963	$109,898,557	$240,766,156	$-1,609,594
2019	$114,574,132	$113,244,313	$240,420,891	$1,329,819
2018	$120,401,644	$113,405,131	$238,980,781	$6,996,513