BILOXI FIRST INC

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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

1989

Legal Domicile

Principal Officer

JEFF BANKSTON

Phone

2283741980

Tax Period

2024-01-01 to 2024-12-31

BILOXI FIRST INC, founded in 1989, is a small nonprofit that reported $160K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $148K left a modest 8% surplus.

Mission

THE ORGANIZATION IS DEDICATED TO IMPROVING THE BILOXI SCHOOLS' EDUCATIONAL SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $114,203

ENDOWMENT TO THE GULF COAST COMMUNITY FOUNDATION FOR USE IN THE "NAMED GRANT PROGRAM"

Program 2

Expenses: $22,181

150TH CELEBRATION FUND IS USED FOR TEACHER RECRUITMENT AND RETENTION AT THE BILOXI SCHOOL DISTRICT

Program 3

Expenses: $11,344

EXCEL BY 5 IS A COMMUNITY-BASED CERTIFICATION PROGRAM DESIGNED TO IMPROVE A CHILD'S OVERALL WELL-BEING BY AGE FIVE.

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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 $58,171

Program Service Revenue $0

Investment Income $87,817

Other Revenue $13,815

TOTAL REVENUE $159,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,728

Other Expenses $147,728

TOTAL EXPENSES $147,728

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,803	$140,802	+0.1%
Expenses	$147,728	$67,395	+1.2%
Net Income	$12,075	$73,407	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN DENISON	TREASURER	2.00	Officer Director	$0	$0	$0
KANDE DEGRASSE-STEELE	SECRETARY	0.90	Officer Director	$0	$0	$0
JEFF BANKSTON	DIRECTOR	0.20	Director	$0	$0	$0
HENRY DICK	DIRECTOR	0.30	Director	$0	$0	$0
LARRY DRAWDY	DIRECTOR	0.20	Director	$0	$0	$0
PAUL A TISDALE	DIRECTOR	0.20	Director	$0	$0	$0
BILL BRISCOE	PRESIDENT	0.20	Officer Director	$0	$0	$0
SUSAN HUNT	DIRECTOR	0.20	Director	$0	$0	$0
TANNER SWETMAN	DIRECTOR	0.20	Director	$0	$0	$0
ERIC KRAVETTE	DIRECTOR	0.50	Director	$0	$0	$0
DEWEY MASON	DIRECTOR	0.20	Director	$0	$0	$0
JIM SPIERS	DIRECTOR	0.20	Director	$0	$0	$0
MARCUS BOUDREAUX	DIRECTOR	0.20	Director	$0	$0	$0
LOUIS D BRIDGES	DIRECTOR	0.20	Director	$0	$0	$0
STEVEN DICK	PRESIDENT ELECT	0.20	Director	$0	$0	$0
ASHLEIGH LAMAS	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER SEYMOUR	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER WALKER	DIRECTOR	0.20	Director	$0	$0	$0
RAYMOND ALEXANDER	DIRECTOR	0.20	Director	$0	$0	$0
PAMELA MANNERS	DIRECTOR	0.20	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	$159,803	$147,728	$1,237,645	$12,075
2023	$140,802	$67,395	$1,225,570	$73,407
2022	$85,926	$78,152	$1,152,163	$7,774
2021	$99,719	$95,428	$1,144,389	$4,291
2020	$115,787	$135,295	$1,140,097	$-19,508
2019	$95,484	$91,760	$1,159,605	$3,724
2018	$211,453	$89,238	$1,155,881	$122,215