MISSISSIPPI BUSINESS FINANCE CORPORATION (EIN 640679132) - Form 990 Financial Analysis & Trantor Score

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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

LARRY MOBLEY

Phone

6013556232

Tax Period

2024-07-01 to 2025-06-30

MISSISSIPPI BUSINESS FINANCE CORPORATION, founded in 1983, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 65% operating margin.

Mission

MAKING LOANS TO QUALIFIED SMALL BUSINESSES TO STIMULATE, PROMOTE & DEVELOP, AND ADVANCE SMALL BUSINESS ACTIVITY IN THE STATE OF 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 $0

Program Service Revenue $327,500

Investment Income $1,073,362

Other Revenue $300,000

TOTAL REVENUE $1,700,862

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,938

Fundraising Expenses $0

Program Expenses $469,032

Other Expenses $262,482

TOTAL EXPENSES $602,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,700,862	$1,271,657	+0.3%
Expenses	$602,420	$553,843	+0.1%
Net Income	$1,098,442	$717,814	+0.5%

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

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

$315,982

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM D SONES	PRESIDENT/DI	2.00	Officer Director	$0	$0	$0
WILLIAM L FREEMAN JR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MICHAEL BOERNER	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN BOTELER	DIRECTOR	1.00	Director	$0	$0	$0
NOEL DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
MERLE FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY JAMES	DIRECTOR	1.00	Director	$0	$0	$0
COLBY ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
MARK WIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MOBLEY	EXECUTIVE DI	40.00	Officer	$205,880	$10,018	$215,898
DEBBIE MCCOLLUM	SECRETARY	40.00	Officer	$95,224	$4,860	$100,084

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	$1,700,862	$602,420	$19,681,166	$1,098,442
2024	No data	No data	No data	No data
2023	$1,216,373	$773,640	$18,180,166	$442,733
2022	$236,406	$878,188	$17,634,207	$-641,782
2021	$1,037,330	$935,032	$18,287,867	$102,298
2020	$1,337,915	$978,047	$18,059,169	$359,868
2019	$1,550,428	$986,128	$17,677,051	$564,300
2018	$1,051,811	$1,032,040	$17,103,355	$19,771

MISSISSIPPI BUSINESS FINANCE CORPORATION