Delta Foundation Inc

EIN: 640477962 501(c)(3) Community Improvement

Greenville, MS

Total Revenue
$203,948
Total Expenses
$363,642
Total Assets
$1,058,928
Net Assets
$745,729
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MS
Principal Officer
Spencer Nash
Phone
6623355291
Tax Period
2023-01-01 to 2023-12-31

Delta Foundation Inc, founded in 1969, is a small nonprofit in the Community Improvement sector that reported $204K in total revenue in fiscal year 2023. Expenses of $364K exceeded revenue, resulting in a 78% operating deficit.

Mission

See item a

Program Service Accomplishments

Program 1
Expenses: $175,510 Revenue: $203,948

The primary objective of the Foundation is the development of permanent income producing programs managed by and designed expressly for people in low income groups. The Foundation was organized to...

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The primary objective of the Foundation is the development of permanent income producing programs managed by and designed expressly for people in low income groups. The Foundation was organized to use its financial and human resources to establish new home grown industries that will not only provide for low income persons, but provide opportunites for those persons with appropriate talent and resources to participate in both the management and ownership of the business.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $118,739
Program Service Revenue $2,603
Investment Income $0
Other Revenue $82,606
TOTAL REVENUE $203,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $189,189
Fundraising Expenses $0
Program Expenses $175,510
Other Expenses $174,453
TOTAL EXPENSES $363,642

Year-over-Year Comparison

2023 2022 Change
Revenue $203,948 $203,948 N/A
Expenses $363,642 $363,642 N/A
Net Income $-159,694 $-159,694 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
11
Volunteers
22

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
$37,954
Total Directors
3
$48,454
Key Employees
2
$37,954
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Spencer Nash Chariman & President 20.00
Officer Director Key Emp Highest
$37,954 $0 $37,954
Ed Cole Director 8.00
Director
$0 $0 $10,500
Tommy Hart Director 1.00
Director
$0 $0 $0
Josephine Taylor Director 14.00
Key Emp
$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 $203,948 $363,642 $1,058,928 $-159,694
2022 $203,948 $363,642 $1,058,928 $-159,694
2021 $546,182 $661,168 $1,456,927 $-114,986
2020 $726,505 $682,834 $2,057,329 $43,671
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