MISSISSIPPI PRISON INDUSTRIES CORPORATION (EIN 640793424) - Form 990 Financial Analysis & Trantor Score

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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

SCOTT PARENTEAU

Tax Period

2020-07-01 to 2021-06-30

MISSISSIPPI PRISON INDUSTRIES CORPORATION, founded in 1990, is a community nonprofit in the Crime & Legal sector that reported $5.1M in total revenue in fiscal year 2020. The organization ran a surplus of $1.0M, a strong 20% operating margin.

Mission

TO PROVIDE REALISTIC WORK EXPERIENCE TO SENTENCED, ADULT OFFENDERS RESIDING WITHIN MISSISSIPPI STATE CORRECTIONAL INSTITUTIONS BY PROVIDING EMPLOYMENT SKILLS TO SUPPORT ECONOMIC SELF-SUFFICIENCY UPON RELEASE, REDUCE RECIDIVISM, AND REDUCE OVERALL COSTS OF GOVERNMENT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,015

Other Revenue $5,139,428

TOTAL REVENUE $5,140,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,989,992

Fundraising Expenses $0

Program Expenses $3,422,602

Other Expenses $2,125,676

TOTAL EXPENSES $4,115,668

Year-over-Year Comparison

	2020	2019	Change
Revenue	$5,140,443	$4,952,700	+0.0%
Expenses	$4,115,668	$3,658,970	+0.1%
Net Income	$1,024,775	$1,293,730	-0.2%

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

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
GEORGE MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY TIMBS	SECRETARYTREASURER	1.00	Director	$0	$0	$0
RANDALL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE J GREEN	DIRECTOR	1.00	Director	$0	$0	$0
BOB BAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE COTTINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PARENTEAU	CHAIR	1.00	Officer Director	$0	$0	$0
KELLY JULKENBECK	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
BRADLEY LUM	CEO	40.00	Highest	$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
2021	$5,140,443	$4,115,668	$8,578,858	$1,024,775
2020	$4,952,700	$3,658,970	$7,346,111	$1,293,730
2019	$3,161,623	$3,575,010	$6,582,588	$-413,387
2018	$3,145,612	$5,081,581	$7,870,908	$-1,935,969

MISSISSIPPI PRISON INDUSTRIES CORPORATION