FRIENDS OF CHILDREN OF MISSISSIPPI… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

CATHY GASTON

Phone

6013210960

Tax Period

2022-12-01 to 2023-11-30

FRIENDS OF CHILDREN OF MISSISSIPPI INC, founded in 1967, is a mid-sized nonprofit in the Education sector that reported $35.4M in total revenue in fiscal year 2022.

Mission

TO OPERATE A HEAD START AND EARLY HEAD START PROGRAM FOR CHILDREN AND FAMILIES IN MISSISSIPPI.

Program Service Accomplishments

Program 1

Expenses: $31,516,183

THE HEAD START/EARLY HEAD START PROGRAM PROVIDES A COMPREHENSIVE CHILD CARE AND TRAINING PROGRAM FOR APPROXIMATELY 3,000 CHILDREN.

Program 2

Expenses: $1,996,559

USDA CHILD CARE FOOD SERVICE PROGRAM ASSURES THAT BALANCE MEALS AND SNACKS ARE SERVED TO THE CHILDREN ENROLLED IN THE HEAD START/EARLY HEAD START PROGRAMS.

Program 3

Expenses: $1,064

THE AGENCY OPERATES NON FEDERALLY FUNDED PROGRAMS THAT PROVIDE TRAINING AND OTHER SERVICES TO THE AGENCY'S CLIENTELE.

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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 $35,431,454

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $35,431,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,476,204

Fundraising Expenses $0

Program Expenses $33,513,806

Other Expenses $10,948,815

TOTAL EXPENSES $35,425,019

Year-over-Year Comparison

	2022	2021	Change
Revenue	$35,431,454	$34,085,702	+0.0%
Expenses	$35,425,019	$34,085,204	+0.0%
Net Income	$6,435	$498	+11.9%

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

742

Volunteers

2000

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

$328,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY GASTON	EXECUTIVE DI	40.00	Officer	$189,221	$11,353	$200,574
JAMES CROPPER	CFO	40.00	Officer	$121,107	$7,266	$128,373
SAMMY G AMOS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BELL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CLANTON	DIRECTOR	1.00	Director	$0	$0	$0
ERNEST HOLLINGSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
MACK LIDDELL JR	DIRECTOR	1.00	Director	$0	$0	$0
TRACY NAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
GLENDA NICKSON	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA PAYTON	DIRECTOR	1.00	Director	$0	$0	$0
CHAFONY E POOLE	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY SANDIFER	DIRECTOR	1.00	Director	$0	$0	$0
JANET SPENCER	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$35,431,454	$35,425,019	$46,201,890	$6,435
2022	$34,085,702	$34,085,204	$37,094,904	$498
2021	$30,247,963	$30,208,704	$32,913,948	$39,259
2020	$27,698,105	$27,701,428	$34,739,008	$-3,323
2019	$27,432,700	$27,437,193	$9,152,382	$-4,493
2018	$29,275,625	$29,273,327	$3,875,152	$2,298

FRIENDS OF CHILDREN OF MISSISSIPPI INC