MISSISSIPPI CONSUMER FINANCE ASSO … - 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

1958

Legal Domicile

Principal Officer

HARPER COLEMAN

Phone

6019486020

Tax Period

2023-08-01 to 2024-07-31

MISSISSIPPI CONSUMER FINANCE ASSO C/O BETH HAMILTON, founded in 1958, is a small nonprofit that reported $138K in total revenue in fiscal year 2023. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $169K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MISSISSIPPI CONSUMER FINANCE ASSOCIATION IS A NON-PROFIT CORPORATION, WHICH WAS FOUNDED IN 1958 FOR THE PURPOSE OF PROMOTING THE WELFARE AND EDUCATION OF ITS MEMBERS ENGAGED IN THE PERSONAL INSTALLMENT LOAN BUSINESS IN THE STATE OF MISSISSIPPI.

Program Service Accomplishments

Program 1

EDUCATION OF GENERAL PUBLIC AND MEMBERS

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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 $116,730

Program Service Revenue $20,800

Investment Income $63

Other Revenue $0

TOTAL REVENUE $137,593

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $168,991

TOTAL EXPENSES $168,991

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,593	$63,430	+1.2%
Expenses	$168,991	$124,807	+0.4%
Net Income	$-31,398	$-61,377	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
STACY MACKEY	FIRST DISTRICT	Director	$0	$0	$0
MARIBETH WHITE	SECOND DISTRICT	Director	$0	$0	$0
JERRY FITCH	THIRD DISTRICT	Director	$0	$0	$0
MICHAEL WEAVER	FIFTH DISTRICT	Director	$0	$0	$0
PAUL ROBINSON	SIXTH DISTRICT	Director	$0	$0	$0
THOMAS CONNER	TREASURER	Director	$0	$0	$0
ERNIE FELKER	RESIDENT DIRECTOR	Director	$0	$0	$0
KEITH FRAZIER	RESIDENT DIRECTOR	Director	$0	$0	$0
MARTY MISKELLY	RESIDENT DIRECTOR	Director	$0	$0	$0
AUSTIN CLANCY	NONRESIDENT DIRECTOR	Director	$0	$0	$0
BRYAN ANDERSON	NONRESIDENT DIRECTOR	Director	$0	$0	$0
ELIZABETH HAMMOND	NONRESIDENT DIRECTOR	Director	$0	$0	$0
DAVID KORN	NONRESIDENT DIRECTOR	Director	$0	$0	$0
CHRIS MCKINLEY	NONRESIDENT DIRECTOR	Director	$0	$0	$0
JOHN CURLEY	RESIDENT DIRECTOR	Director	$0	$0	$0
ARNIE HEDERMAN	RESIDENT DIRECTOR	Director	$0	$0	$0
EDDIE GATTICA	NONRESIDENT DIRECTOR	Director	$0	$0	$0
PATRICK WILLIAMS	PRESIDENT	Officer	$0	$0	$0
POSITION OPEN	VICE PRESIDENT	Officer	$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	$137,593	$168,991	$105,536	$-31,398
2023	$63,430	$124,807	$136,935	$-61,377
2022	$192,073	$132,881	$228,643	$59,192
2021	$147,446	$113,452	$169,451	$33,994
2020	$153,659	$136,289	$135,457	$17,370
2019	$126,011	$138,967	$118,087	$-12,956

MISSISSIPPI CONSUMER FINANCE ASSO C/O BETH HAMILTON