EAST MISSISSIPPI BUSINESS DEVELOPM… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

BILL HANNAH

Phone

6016931306

Tax Period

2024-10-01 to 2025-09-30

EAST MISSISSIPPI BUSINESS DEVELOPMENT CO, founded in 1996, is a community nonprofit in the Religion sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 8% surplus.

Mission

TO EMPOWER A DIVERSE LEADERSHIP CULTURE TO ACHIEVE ECONOMIC WEALTH THROUGH EXCELLENCE IN EDUCATION, NEW NVESTMENT, AND THE NURTURING OF EXISTING BUSINESS AND INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $755,841

PROMOTION OF ECONOMIC DEVELOPMENT AND SERVICE

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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 $1,058,400

Program Service Revenue $340,276

Investment Income $32,607

Other Revenue $-27,279

TOTAL REVENUE $1,404,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $531,703

Fundraising Expenses $158,683

Program Expenses $755,841

Other Expenses $766,735

TOTAL EXPENSES $1,298,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,404,004	$764,464	+0.8%
Expenses	$1,298,438	$884,233	+0.5%
Net Income	$105,566	$-119,769	-1.9%

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

$33,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN ALEXANDER	DIRECTOR	4.00	Officer Director	$0	$0	$0
TOM HUEBNER	EDUCATION CHAIR	4.00	Officer Director	$0	$0	$0
COLE CARDWELL	DIRECTOR	4.00	Director	$0	$0	$0
LARKIN KENNEDY	PAST CHAIR	4.00	Officer Director	$0	$0	$0
RICHMOND ALEXANDER	DIRECTOR	4.00	Director	$0	$0	$0
DR MARY STEWART	DIRECTOR	4.00	Director	$0	$0	$0
KACEY BAILEY	DIRECTOR	4.00	Director	$0	$0	$0
JOHN ANDERSON	DIRECTOR	4.00	Director	$0	$0	$0
JORGE FRIAS	DIRECTOR	4.00	Director	$0	$0	$0
BERNIE MITCHELL	DIRECTOR	4.00	Director	$0	$0	$0
JIMMY COPELAND	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
MICHAEL VAN VECKOVEN	DIRECTOR	4.00	Director	$0	$0	$0
DONNIE MASSEY	DIRECTOR	4.00	Director	$0	$0	$0
JUSTIN MCDONALD	DIRECTOR	4.00	Director	$0	$0	$0
JEROME ROBERTS	DIRECTOR	4.00	Director	$0	$0	$0
WADE SIMS	DIRECTOR	4.00	Director	$0	$0	$0
COL CINDY SMITH	DIRECTOR	4.00	Director	$0	$0	$0
CHRIS PHILLIPS	DIRECTOR	4.00	Director	$0	$0	$0
DEBRA MATHIS	OFFICER	40.00	Officer	$33,482	$0	$33,482
BILL HANNAH	PRESIDENT	40.00	Highest	$285,433	$0	$285,433

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	$1,404,004	$1,298,438	$2,252,087	$105,566
2024	$764,464	$884,233	$2,250,413	$-119,769
2023	$894,482	$1,104,555	$2,402,085	$-210,073
2022	$820,650	$857,212	$2,643,777	$-36,562
2021	$997,219	$822,100	$2,653,489	$175,119
2020	$1,146,492	$948,872	$2,606,162	$197,620
2019	$1,199,837	$851,024	$2,443,384	$348,813
2018	$1,447,842	$1,155,383	$2,100,169	$292,459

EAST MISSISSIPPI BUSINESS DEVELOPMENT CO