MID DELTA ARTS ASSOCIATION

EIN: 640621550 501(c)(3) Arts, Culture & Humanities

INDIANOLA, MS

Total Revenue
$48,970
Total Expenses
$54,800
Total Assets
$641,560
Net Assets
$641,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
MS
Principal Officer
WALLACE SKELTON
Phone
6628874522
Tax Period
2023-08-01 to 2024-07-31

MID DELTA ARTS ASSOCIATION, founded in 1978, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $49K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $55K exceeded revenue, resulting in a 12% operating deficit.

Mission

AMATEUR COMMUNITY THEATRICAL PRODUCTIONS

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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 $39,071
Program Service Revenue $9,800
Investment Income $99
Other Revenue $0
TOTAL REVENUE $48,970

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,800
Other Expenses $54,800
TOTAL EXPENSES $54,800

Year-over-Year Comparison

2023 2022 Change
Revenue $48,970 $60,221 -0.2%
Expenses $54,800 $55,203 0.0%
Net Income $-5,830 $5,018 -2.2%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
200

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLACE SKELTON VICE PRESIDE N/A
Officer
$0 $0 $0
DON SYKES PRESIDENT N/A
Officer
$0 $0 $0
CINDY BAIRD SECRETARY N/A
Officer
$0 $0 $0
ANDY DANIELS TREASURER N/A
Officer
$0 $0 $0
NICOLE ANDREWS BOARD MEMBER N/A
Director
$0 $0 $0
ROBERT SLEDGE BOARD MEMBER N/A
Director
$0 $0 $0
LEANNE SILVERBLATT BOARD MEMBER N/A
Director
$0 $0 $0
PAT ADAMS BOARD MEMBER N/A
Director
$0 $0 $0
EDDIE DONAHOE BOARD MEMBER N/A
Director
$0 $0 $0
JENNIFER SCHAUMBURG BOARD MEMBER N/A
Director
$0 $0 $0
JONNY MCWILLIAMS BOARD MEMBER N/A
Director
$0 $0 $0
HANK FERGUSON BOARD MEMBER N/A
Director
$0 $0 $0
KATHRYN LEDBETTER BOARD MEMBER N/A
Director
$0 $0 $0
MYRA MYERS BOARD MEMBER N/A
Director
$0 $0 $0
HERRON WILSON BOARD MEMBER N/A
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 $48,970 $54,800 $641,560 $-5,830
2023 $60,221 $55,203 $647,390 $5,018
2022 $58,403 $45,478 $655,509 $12,925
2021 $76,555 $39,150 $653,715 $37,405
2020 $85,526 $43,741 $674,101 $41,785
2019 $87,126 $55,682 $653,284 $31,444
2018 $226,133 $76,352 $664,010 $149,781
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