THE LARRY PAYNE FOUNDATION

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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

Principal Officer

JAMES L PAYNE JR

Phone

6018189400

Tax Period

2025-01-01 to 2025-12-31

THE LARRY PAYNE FOUNDATION, founded in 1990, is a small nonprofit that reported $268K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $618K exceeded revenue, resulting in a 130% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $567,860 Revenue: $0

ALL CONTRIBUTIONS ARE MADE FOR THE BENEFIT OF THE UNIVERSITY OF SOUTHERN MS, UNIVERSITY OF MS, UNIVERSITY MEDICAL SCHOOL, UNIVERSITY OF ALABAMA, AND VARIOUS OTHER STATE SUPPORTED INSTITUTIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $268,235

Other Revenue $0

TOTAL REVENUE $268,235

Expense Breakdown

Grants Paid $463,060

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $567,860

Other Expenses $154,810

TOTAL EXPENSES $617,870

Year-over-Year Comparison

	2025	2024	Change
Revenue	$268,235	$368,739	-0.3%
Expenses	$617,870	$494,126	+0.3%
Net Income	$-349,635	$-125,387	+1.8%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES L PAYNE JR	DIRECTOR	10.00	Director	$0	$0	$0
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
2025	$268,235	$617,870	$3,515,065	$-349,635
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