GOVERNOR'S MANSION FOUNDATION (EIN 640813197) - 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

1992

Legal Domicile

Principal Officer

BARRIE NELSON

Phone

6016684592

Tax Period

2024-10-01 to 2025-09-30

GOVERNOR'S MANSION FOUNDATION, founded in 1992, is a micro nonprofit in the Public & Societal Benefit sector that reported $62K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 23% operating margin.

Mission

THE ORGANIZATION EXISTS TO RENOVATE, RESTORE, REFURNISH, MAINTAIN, AND/OR IMPROVE THE STATE OF MISSISSIPPI GOVERNOR'S MANSION AND THE GOVERNOR'S OFFICES LOCATED IN THE WALTER SILLERS BUILDING AND THE STATE CAPITOL - ALL PUBLIC BUILDINGS OWNED BY THE STATE OF MISSISSIPPI

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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 $62,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $62,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,842

Other Expenses $48,362

TOTAL EXPENSES $48,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,500	$50,000	+0.3%
Expenses	$48,362	$25,500	+0.9%
Net Income	$14,138	$24,500	-0.4%

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

$2,825

Total Directors

$2,825

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANC LEE	DIRECTOR & PRESIDENT	1.00	Officer Director	$0	$0	$0
CORA GEE	DIRECTOR & SECRETARY	1.00	Officer Director	$0	$0	$0
BARRIE NELSON	ACTING TREASURER-START DATE 4/01/2025	5.00	Officer Director	$0	$0	$0
MELISSA HEDERMAN	VICE PRESIDENT	1.00	Officer Director	$2,825	$0	$2,825
WHIT WAIDE	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIN MCDEVITT	TREASURER-END DATE 3/31/2025	0.00	Officer 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	$62,500	$48,362	$51,091	$14,138
2024	$50,000	$25,500	$36,953	$24,500
2023	$22,651	$33,469	$12,453	$-10,818
2022	$106,132	$256,145	$23,271	$-150,013
2021	$348,664	$206,444	$173,284	$142,220
2020	$526,026	$573,097	$31,064	$-47,071
2018	$26,350	$57,753	$75,584	$-31,403

GOVERNOR'S MANSION FOUNDATION