MISSISSIPPI RURAL LETTER CARRIERS

EIN: 640521889

PONTOTOC, MS

Total Revenue
$111,890
Total Expenses
$137,233
Total Assets
$529,186
Net Assets
$522,769
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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
1995
Legal Domicile
MS
Principal Officer
KELLY BAGWELL
Phone
6625428246
Tax Period
2023-07-01 to 2024-06-30

MISSISSIPPI RURAL LETTER CARRIERS, founded in 1995, is a small nonprofit that reported $112K in total revenue in fiscal year 2023. Expenses of $137K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO REPRESENT RURAL MAIL CARRIERS AND HOLD STATE CONVENTIONS AND SEND REPRESENTATIVES TO NATIONAL CONVENTIONS.

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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 $105,057
Program Service Revenue $0
Investment Income $6,833
Other Revenue $0
TOTAL REVENUE $111,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,656
Fundraising Expenses $0
Other Expenses $110,577
TOTAL EXPENSES $137,233

Year-over-Year Comparison

2023 2022 Change
Revenue $111,890 $108,039 +0.0%
Expenses $137,233 $142,706 0.0%
Net Income $-25,343 $-34,667 -0.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
5
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
3
$17,540
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH BERRYMAN PRESIDENT 1.00
Officer
$9,890 $0 $9,890
KELLY BAGWELL SECRETARY 1.00
Officer
$7,200 $0 $7,200
MICHAEL THIGPEN VICE PRESIDE 1.00
Officer
$450 $0 $450
DONNA BAGWELL BOARD 1.00
Director
$0 $0 $0
MALLARD BEASLEY BOARD 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 $111,890 $137,233 $529,186 $-25,343
2023 $108,039 $142,706 $554,916 $-34,667
2022 $109,880 $78,463 $588,025 $31,417
2021 $112,358 $52,818 $560,397 $59,540
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