MISSISSIPPI STATE MEDICAL ASSOCIATION (EIN 640317537) - 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

1895

Legal Domicile

Principal Officer

CLAUDE BRUNSON MD

Phone

6018536733

Tax Period

2023-01-01 to 2023-12-31

MISSISSIPPI STATE MEDICAL ASSOCIATION, founded in 1895, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $2.8M left a modest 8% surplus.

Mission

A PHYSICIAN ORGANIZATION SERVING AS AN ADVOCATE FOR ITS MEMBERS, THEIR PATIENTS AND THE PUBLIC HEALTH. THE ASSOCIATION PROMOTES ETHICAL, EDUCATIONAL AND CLINICAL STANDARDS FOR THE MEDICAL PROFESSION AND THE ENACTMENT OF JUST MEDICAL LAWS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,162,073

Program Service Revenue $1,222,842

Investment Income $38,709

Other Revenue $589,784

TOTAL REVENUE $3,013,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,528,478

Fundraising Expenses $0

Program Expenses $1,302,898

Other Expenses $1,254,840

TOTAL EXPENSES $2,783,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,013,408	$4,278,040	-0.3%
Expenses	$2,783,318	$3,843,445	-0.3%
Net Income	$230,090	$434,595	-0.5%

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

$654,741

Total Directors

$343,569

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DENNIS	CEO, MPCN	2.00	Director	$0	$42,486	$343,569
SON LAM MD	TRUSTEE	2.00	Director	$0	$0	$0
LORETTA JACKSON-WILLIAMS MD PHD	TRUSTEE	5.00	Director	$0	$0	$0
ANITA S HENDERSON MD	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT HAMBLETON MD	TRUSTEE	2.00	Director	$0	$0	$0
KATHERINE PANNEL DO	TRUSTEE	2.00	Director	$0	$0	$0
AMBER COLVILLE MD	TRUSTEE	2.00	Director	$0	$0	$0
NORMAN L CONNELL JR MD	TRUSTEE	2.00	Director	$0	$0	$0
ROD GIVENS MD	TRUSTEE	5.00	Director	$0	$0	$0
SARAH ANDERSON DO	TRUSTEE	2.00	Director	$0	$0	$0
DEEPA ELANGOVAN	TRUSTEE, STUDENT	2.00	Director	$0	$0	$0
CARLOS LATORRE MD	SPEAKER	2.00	Officer Director	$0	$0	$0
AVANI PATEL MD MHA	RESIDENT TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER J BRYAN MD	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JOHN R MITCHELL MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN CROSS MD	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
CHIP HOLBROOK MD	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
CHASTITY L TORRENCE MD	YPS REPRESENTATIVE	2.00	Director	$0	$0	$0
JANTHONY CLOY MD	MPHP MEDICAL DIRECTOR	2.00	Officer	$215,000	$31,019	$246,019
CLAUDE BRUNSON MD	EXECUTIVE DIRECTOR	30.00	Officer	$350,156	$58,566	$408,722
MARCUS GLENN	DIRECTOR OF ACCOUNTING, MP	1.00	Highest	$0	$11,836	$129,000
DOMINICA THAMES	DIRECTOR OF BUSINESS MANAG	35.00	Highest	$113,894	$18,898	$132,792
R DAVID ROBERTS III	DIRECTOR OF GOV. ACT	39.50	Highest	$147,323	$40,519	$187,842

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
2024	No data	No data	No data	No data
2023	$3,013,408	$2,783,318	$5,367,158	$230,090
2022	$4,278,040	$3,843,445	$5,043,432	$434,595
2021	$3,530,839	$2,925,899	$4,974,569	$604,940
2020	$2,943,262	$2,278,783	$4,041,119	$664,479
2019	$3,123,794	$2,496,864	$3,412,564	$626,930
2018	$2,852,082	$2,850,511	$3,006,096	$1,571

MISSISSIPPI STATE MEDICAL ASSOCIATION