MISSISSIPPI POWER COMPANY MEDICAL BENEFITS TRUST

EIN: 640737285

ATLANTA, GA

Total Revenue
$146,992
Total Expenses
$58,759
Total Assets
$4,711,422
Net Assets
$4,711,422
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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
1994
Legal Domicile
MS
Principal Officer
HANCOCK BANK
Phone
4122347977
Tax Period
2024-01-01 to 2024-12-31

MISSISSIPPI POWER COMPANY MEDICAL BENEFITS TRUST, founded in 1994, is a small nonprofit that reported $147K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 60% operating margin.

Mission

FUNDING POST RETIREMENT MEDICAL AND LIFE INSURANCE BENEFITS.

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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 $0
Program Service Revenue $0
Investment Income $146,992
Other Revenue $0
TOTAL REVENUE $146,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,091
Fundraising Expenses $0
Other Expenses $39,668
TOTAL EXPENSES $58,759

Year-over-Year Comparison

2024 2023 Change
Revenue $146,992 $107,120 +0.4%
Expenses $58,759 $45,961 +0.3%
Net Income $88,233 $61,159 +0.4%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 5.00
$19,091 $0 $19,091
MATTHEW GRICE DULY AUTHORIZED OFFICER 0.50
Officer
$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 $146,992 $58,759 $4,711,422 $88,233
2023 $107,120 $45,961 $4,633,584 $61,159
2022 $83,678 $29,116 $4,535,971 $54,562
2021 $68,617 $43,572 $4,799,221 $25,045
2020 $93,936 $29,888 $4,893,848 $64,048
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