BACOT FOUNDATION OF SOUTH MISSISSIPPI

EIN: 640620054 501(c)(3)

PASCAGOULA, MS

Total Revenue
$3,017,278
Total Expenses
$571,816
Total Assets
$3,101,025
Net Assets
$3,098,455
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MS
Principal Officer
TODD TRENCHARD
Phone
2282175791
Tax Period
2024-11-01 to 2025-10-31

BACOT FOUNDATION OF SOUTH MISSISSIPPI, founded in 2005, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 418% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 81% operating margin.

Mission

THE FOUNDATION'S PRIMARY MISSION IS TO INCREASE PHILANTHROPY BY MAKING GRANTS TO WORTHY CAUSES WITH A CONTINUED FOCUS ON YOUTH, EDUCATION AND THE CULTURAL ARTS, PROVIDING DONOR SERVICES; WHILE PROMOTING AND PROVIDING LEADERSHIP IN RESPONSE TO THE GULF COAST REGION'S CHANGING NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,837,588
Program Service Revenue $0
Investment Income $26,453
Other Revenue $153,237
TOTAL REVENUE $3,017,278

Expense Breakdown

Grants Paid $381,189
Salaries & Benefits $103,427
Fundraising Expenses $47,959
Program Expenses $473,683
Other Expenses $87,200
TOTAL EXPENSES $571,816

Year-over-Year Comparison

2024 2023 Change
Revenue $3,017,278 $582,819 +4.2%
Expenses $571,816 $808,582 -0.3%
Net Income $2,445,462 $-225,763 -11.8%
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

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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
7
Independent Members
7
Employees
1
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
7
$87,166
Total Directors
8
$87,166
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCE SCHWARTZ EMERITUS 1.00
Officer Director
$0 $0 $0
MARSHALL SMITH TREASURER 1.00
Officer Director
$0 $0 $0
TODD TRENCHARD EXEC. DIRECTOR 40.00
Officer Director
$87,166 $0 $87,166
RICH WESTFALL CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOE MARTIN EMERITUS 1.00
Officer Director
$0 $0 $0
PHILLIP POGUE PAST CHAIRMAN 1.00
Officer Director
$0 $0 $0
KEVIN MILLER INVESTMENTS 1.00
Officer Director
$0 $0 $0
LEE BOND INVESTMENTS 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
2025 $3,017,278 $571,816 $3,101,025 $2,445,462
2024 $582,819 $808,582 $661,418 $-225,763
2023 $615,646 $812,852 $894,280 $-197,206
2022 $439,896 $803,749 $1,103,844 $-363,853
2022 $439,896 $803,749 $1,103,844 $-363,853
2021 $977,472 $794,329 $1,484,651 $183,143
2020 $1,012,809 $519,956 $1,297,884 $492,853
2019 $651,742 $419,322 $768,443 $232,420
2018 $520,910 $557,083 $555,265 $-36,173
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