Mississippi Association of Cooperatives Inc (EIN 640516373) - 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

1972

Legal Domicile

Principal Officer

Ben Burkett

Phone

6019440599

Tax Period

2024-05-01 to 2025-04-30

Mississippi Association of Cooperatives Inc, founded in 1972, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 172% from the prior year, signaling strong growth momentum. The organization ran a surplus of $789K, a strong 46% operating margin.

Mission

To administer and coordinate technical assistance, educational training and financial programs for small farmers.

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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 $1,275,264

Program Service Revenue $900

Investment Income $7,967

Other Revenue $430,712

TOTAL REVENUE $1,714,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,409

Fundraising Expenses $0

Program Expenses $421,171

Other Expenses $548,812

TOTAL EXPENSES $926,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,714,843	$630,961	+1.7%
Expenses	$926,221	$806,673	+0.1%
Net Income	$788,622	$-175,712	-5.5%

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

$82,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Foxx	President	1.00	Director	$0	$0	$0
Sandra Bennett	Vice President	1.00	Director	$0	$0	$0
Celeste Brown Rogers	Secretary	1.00	Director	$0	$0	$0
Curtis Snell	Treasurer	1.00	Director	$0	$0	$0
David Newell	Chaplain	1.00	Director	$0	$0	$0
Ben Burkett	State Coordinator	20.00	Officer	$8,167	$0	$8,167
Darnella Winston	Project Director	40.00	Officer	$58,750	$0	$58,750
Brittany Oatis	Field Accountant	40.00	Officer	$16,000	$0	$16,000

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	$1,714,843	$926,221	$1,475,393	$788,622
2024	$630,961	$806,673	$659,525	$-175,712
2024	$621,942	$781,758	$693,695	$-159,816
2023	$973,859	$885,908	$846,944	$87,951
2023	$1,037,623	$876,302	$943,054	$161,321
2022	$1,192,024	$855,661	$705,455	$336,363
2021	$698,907	$661,899	$351,315	$37,008
2020	$724,515	$800,844	$241,611	$-76,329
2019	$994,654	$936,065	$376,709	$58,589

Mississippi Association of Cooperatives Inc