THE LARRY PAYNE FOUNDATION

EIN: 640782340 501(c)(3)

HATTIESBURG, MS

Total Revenue
$368,739
Total Expenses
$494,126
Total Assets
$3,864,700
Net Assets
$3,864,700
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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
1990
Legal Domicile
MS
Principal Officer
JAMES L PAYNE JR
Phone
6018189400
Tax Period
2024-01-01 to 2024-12-31

THE LARRY PAYNE FOUNDATION, founded in 1990, is a small nonprofit that reported $369K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $494K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO MAKE CONTRIBUTIONS FOR THE BENEFIT OF ANY 501(3)(c) SCHOOL

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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 $368,739
Other Revenue $0
TOTAL REVENUE $368,739

Expense Breakdown

Grants Paid $442,540
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $444,340
Other Expenses $51,586
TOTAL EXPENSES $494,126

Year-over-Year Comparison

2024 2023 Change
Revenue $368,739 $308,685 +0.2%
Expenses $494,126 $215,180 +1.3%
Net Income $-125,387 $93,505 -2.3%
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
0
$0
Total Directors
2
$26,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES L PAYNE JR DIRECTOR 10.00
Director
$26,400 $0 $26,400
ROBERT JACKSON SR ATTY DIRECTOR 0.00
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
2024 $368,739 $494,126 $3,864,700 $-125,387
2023 $308,685 $215,180 $3,990,087 $93,505
2022 $108,432 $224,704 $3,906,094 $-116,272
2021 $242,955 $160,348 $3,607,325 $82,607
2020 $110,813 $106,297 $3,524,718 $4,516
2019 $121,233 $99,855 $3,520,202 $21,378
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