The Jimmy A Payne Foundation

EIN: 640782339 501(c)(3)

Hattiesburg, MS

Total Revenue
$717,197
Total Expenses
$594,358
Total Assets
$11,697,962
Net Assets
$11,697,962
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MS
Principal Officer
Stace Mercier
Phone
6012668525
Tax Period
2025-01-01 to 2025-12-31

The Jimmy A Payne Foundation, founded in 1990, is a small nonprofit that reported $717K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 17% operating margin.

Mission

TO MAKE CONTRIBUTIONS FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MISSISSIPPI, A STATE APPROVED INSTITUTION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $717,197
Other Revenue $0
TOTAL REVENUE $717,197

Expense Breakdown

Grants Paid $527,364
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $527,364
Other Expenses $66,994
TOTAL EXPENSES $594,358

Year-over-Year Comparison

2025 2024 Change
Revenue $717,197 $548,644 +0.3%
Expenses $594,358 $566,935 +0.0%
Net Income $122,839 $-18,291 -7.7%
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
3
Independent Members
1
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stace Mercier Secretary 0.0
Officer Director
$0 $0 $0
APRIL P NALL President 0.0
Officer Director
$0 $0 $0
JONATHAN PAYNE Vice President & Treasurer 0.0
Officer 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 $717,197 $594,358 $11,697,962 $122,839
2024 $548,644 $566,935 $10,499,966 $-18,291
2023 $627,480 $535,666 $9,593,167 $91,814
2022 $175,665 $637,927 $8,488,237 $-462,262
2021 $686,731 $660,055 $10,835,072 $26,676
2020 $355,940 $586,264 $9,767,578 $-230,324
2019 $426,025 $414,926 $9,228,055 $11,099
2018 $492,137 $148,027 $7,902,033 $344,110
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