MISSISSIPPI FOOD NETWORK INC

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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

1983

Legal Domicile

Principal Officer

CASSANDRA MOBLEY

Phone

6013537286

Tax Period

2024-07-01 to 2025-06-30

MISSISSIPPI FOOD NETWORK INC, founded in 1983, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $41.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

TO RELIEVE POVERTY-RELATED HUNGER BY DISTRIBUTING DONATED AND PURCHASED FOOD AND GROCERY PRODUCTS THROUGH A NETWORK OF MEMBER CHURCHES AND NONPROFIT ORGANIZATIONS; TO PROVIDE NUTRITION EDUCATION TO THE NEEDY; AND TO EMPHASIZE ADVOCACY AND RELATED NEEDS.

Program Service Accomplishments

Program 1

Expenses: $41,580,800 Revenue: $303,855

MISSISSIPPI FOOD NETWORK PROVIDED OVER 22.7 MILLION MEALS TO MORE THAN 1.8 MILLION FAMILIES AND INDIVIDUALS FACING FOOD INSECURITY.THESE MEALS WERE DISTRIBUTED THROUGH A NETWORK OF PARTNER...

MISSISSIPPI FOOD NETWORK PROVIDED OVER 22.7 MILLION MEALS TO MORE THAN 1.8 MILLION FAMILIES AND INDIVIDUALS FACING FOOD INSECURITY.THESE MEALS WERE DISTRIBUTED THROUGH A NETWORK OF PARTNER ORGANIZATIONS, INCLUDING FOOD PANTRIES, SOUP KITCHENS, CHILD NUTRITION PROGRAMS, AND SENIOR FOOD BOX INITIATIVES. EACH PARTNER PLAYS A VITAL ROLE IN DELIVERING FOOD DIRECTLY TO THOSE IN NEED ENSURING THE FINAL MILE OF DISTRIBUTION REACHES COMMUNITIES ACROSS MISSISSIPPI.WE PRIORITIZE FRESH PRODUCE LOCALLY SOURCED WHENEVER POSSIBLE AND ARE COMMITTED TO RESCUING RETAIL FOOD. IN FACT, MORE THAN 6.8 MILLION POUNDS OF FOOD WERE DONATED BY GROCERY STORES AND RETAIL OUTLETS THROUGH OUR FOOD RECOVERY EFFORTS.TOGETHER, WE'RE NOURISHING MISSISSIPPI.

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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 $41,023,215

Program Service Revenue $84,018

Investment Income $584,967

Other Revenue $219,837

TOTAL REVENUE $41,912,037

Expense Breakdown

Grants Paid $36,655,486

Salaries & Benefits $3,275,147

Fundraising Expenses $1,156,807

Program Expenses $41,580,800

Other Expenses $4,264,244

TOTAL EXPENSES $44,194,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,912,037	$51,275,195	-0.2%
Expenses	$44,194,877	$51,656,882	-0.1%
Net Income	$-2,282,840	$-381,687	+5.0%

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

1000

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

$356,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BILAL QIZILBASH	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE WRIGHT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DONNELL LEWIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
FAITH HADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY KEELER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH YOUNG	TREASURER	1.00	Officer Director	$0	$0	$0
KENT M BLOODWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTINA PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN ENGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT WILLIAMSON	MEMBER AT LARGE	1.00	Officer Director	$0	$0	$0
MICHAEL WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MOLLY M MACWADE	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP H LUCAS	BOARD MEMBER	1.00	Director	$0	$0	$0
PIETER TEEUWISSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
RON TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
RUSSELL MORRISON	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN UPSHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
TED KENDALL IV	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRISHA RICHARDSON	MEMBER AT LARGE	1.00	Officer Director	$0	$0	$0
VAUGHN GRESHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BRETT SCHUTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SORGI	BOARD MEMBER	1.00	Director	$0	$0	$0
CASSANDRA MOBLEY	INTERIM CEO/COO	40.00	Officer	$89,269	$17,496	$106,765
CHARLES H BEADY JR THRU 6302025	CHIEF EXECUTIVE OFFICER	40.00	Officer	$124,721	$18,741	$143,462
THEODORA ROWAN	CHIEF FINANCIAL OFFICER	40.00	Officer	$89,255	$17,383	$106,638

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	$41,912,037	$44,194,877	$19,077,921	$-2,282,840
2024	$51,275,195	$51,656,882	$20,692,101	$-381,687
2023	$42,542,497	$42,353,153	$20,016,214	$189,344
2022	$63,714,767	$67,424,571	$19,534,718	$-3,709,804
2021	$77,392,396	$65,107,528	$23,144,263	$12,284,868
2020	$48,135,722	$43,632,584	$14,475,003	$4,503,138
2020	$49,062,011	$47,943,121	$11,091,614	$1,118,890
2019	$35,742,744	$32,858,019	$9,693,552	$2,884,725
2018	$26,347,718	$27,075,159	$6,775,817	$-727,441