MISSISSIPPI FOOD NETWORK INC

EIN: 640676325 501(c)(3) Food, Agriculture & Nutrition

JACKSON, MS

Total Revenue
$41,912,037
Total Expenses
$44,194,877
Total Assets
$19,077,921
Net Assets
$18,700,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MS
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 GROCERIES.

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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 $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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Governance

Voting Members
23
Independent Members
23
Employees
54
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
10
$356,865
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
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
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