MISSISSIPPI ECONOMIC DEVELOPMENT COUNCIL (EIN 640684730) - 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

1963

Legal Domicile

Principal Officer

GWENDOLYN M HOWARD

Phone

6013521909

Tax Period

2024-10-01 to 2025-09-30

MISSISSIPPI ECONOMIC DEVELOPMENT COUNCIL, founded in 1963, is a small nonprofit that reported $515K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

THE MISSISSIPPI ECONOMIC DEVELOPMENT COUNCIL, INC.(MEDC) IS A PROFESSIONAL ASSOCIATION OF ECONOMIC DEVELOPMENT, CHAMBERS AND ASSOCIATED STAKEHOLDERS WHO WORK TOGETHER TO ADVANCE THE PROFESSION AND TO ADVANCE ECONOMIC DEVELOPMENT EFFORTS IN MISSISSIPPI THROUGH ADVOCACY, COLLABORATION, EDUCATION AND BY PROVIDING RESOURCES TO ITS MEMBERS. MEDC IS THE VOICE OF THE ECONOMIC DEVELOPMENT PROFESSION IN THE STATE.

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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 $119,888

Program Service Revenue $394,459

Investment Income $380

Other Revenue $0

TOTAL REVENUE $514,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,364

Fundraising Expenses $0

Program Expenses $323,081

Other Expenses $376,260

TOTAL EXPENSES $505,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,727	$559,745	-0.1%
Expenses	$505,624	$508,718	0.0%
Net Income	$9,103	$51,027	-0.8%

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

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

$80,544

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GWENDOLYN M HOWARD	EXECUTIVE DI	40.00	Officer	$80,544	$0	$80,544
TODD JACKSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUSTIN HALL	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
GLEN HAAB	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
CHELSEA BAULCH	IMMEDIATE PA	2.00	Officer Director	$0	$0	$0
HANNAH AGUZZIE	VICE PRES -	2.00	Officer Director	$0	$0	$0
REGINA TODD	VICE PRES- C	2.00	Officer Director	$0	$0	$0
ROSS TUCKER	VICE PRES-EC	2.00	Officer Director	$0	$0	$0
STEVIE PHILLIPS	VICE PRES-EM	2.00	Officer Director	$0	$0	$0
JON LEVINGSTON	DIRECTOR-DIS	2.00	Director	$0	$0	$0
LEON HAYS	DIRECTOR-DIS	2.00	Director	$0	$0	$0
THOMAS GREGORY	DIRECTOR-DIS	2.00	Director	$0	$0	$0
KIM RICHARDSON	DIRECTOR-DIS	2.00	Director	$0	$0	$0
LARKIN SIMPSON	DIRECTOR-DIS	2.00	Director	$0	$0	$0
JILL BUSBY	DIRECTOR-DIS	2.00	Director	$0	$0	$0
KAMIE CARPENTER	DIRECTOR-DIS	2.00	Director	$0	$0	$0
MARY MARTHA HENSON	DIRECTOR-DIS	2.00	Director	$0	$0	$0
MELISSA MOREL	DIRECTOR- AT	2.00	Director	$0	$0	$0
ED GARDNER	DIRECTOR- AT	2.00	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	$514,727	$505,624	$592,461	$9,103
2024	$559,745	$508,718	$582,548	$51,027
2023	$510,489	$455,641	$530,526	$54,848
2022	$517,172	$469,679	$474,490	$47,493
2021	$451,062	$475,781	$426,255	$-24,719
2020	$472,543	$341,009	$449,942	$131,534
2019	$475,155	$479,592	$319,051	$-4,437
2018	$455,247	$451,634	$327,865	$3,613

MISSISSIPPI ECONOMIC DEVELOPMENT COUNCIL