HATTIESBURG TOURISM COMMISSION (EIN 640798251) - 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

Tax Period

2023-10-01 to 2024-09-30

HATTIESBURG TOURISM COMMISSION, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $475K, a strong 18% operating margin.

Mission

CREATED TO PROMOTE THE GREATER HATTIESBURG AREA AND ITS TOURISM INDUSTRY TO POTENTIAL VISITORS, INCREASE OVERNIGHT BOOKINGS FOR BOTH LEISURE AND CORPORATE TRAVEL WITH THE ULTIMATE GOAL OF GROWING THE ECONOMIC IMPACT OF THESE VISITORS ON THE LOCAL ECONOMY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,036,123

Program Service Revenue $420,383

Investment Income $169,435

Other Revenue $0

TOTAL REVENUE $2,625,941

Expense Breakdown

Grants Paid $83,950

Salaries & Benefits $671,888

Fundraising Expenses $0

Program Expenses $1,993,551

Other Expenses $1,395,479

TOTAL EXPENSES $2,151,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,625,941	$3,283,161	-0.2%
Expenses	$2,151,317	$1,512,001	+0.4%
Net Income	$474,624	$1,771,160	-0.7%

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

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

$165,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLO DORSEY	DIRECTOR	40.00	Director Highest	$150,627	$14,838	$165,465
ANTHONY HARRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH PAUL	BOARD MEMBER	2.00	Director	$0	$0	$0
MELANIE ARCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAWN H LOWREY	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL MARKS	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK JAMES	CHAIR	2.00	Director	$0	$0	$0
BONNIE WARREN	BOARD MEMBER	2.00	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	$2,625,941	$2,151,317	$4,424,735	$474,624
2023	$3,283,161	$1,512,001	$3,939,704	$1,771,160
2022	$1,337,811	$1,240,148	$2,150,328	$97,663
2021	$1,691,090	$1,367,393	$1,959,727	$323,697
2020	$1,178,834	$1,007,691	$2,256,758	$171,143
2019	$1,281,758	$991,100	$1,464,853	$290,658
2018	$925,047	$806,484	$1,173,174	$118,563

HATTIESBURG TOURISM COMMISSION