GULF COAST MAIN STREET CORP BILOXI (EIN 640820602) - 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

KAY MILLER

Phone

2284356339

Tax Period

2023-10-01 to 2024-09-30

GULF COAST MAIN STREET CORP BILOXI, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $277K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $576K represent 25 months of operating reserves.

Mission

IT IS MAIN STREET'S PRIMARY OBJECTIVE TO BE THE CATALYST IN PROMOTING, PRESERVING, REVITALIZING AND ENHANCING THE ECONOMIC GROWTH OF THE DOWNTOWN BILOXI AREA.

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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 $200,873

Program Service Revenue $52,880

Investment Income $47

Other Revenue $23,081

TOTAL REVENUE $276,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,131

Other Expenses $293,102

TOTAL EXPENSES $293,102

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,881	$400,763	-0.3%
Expenses	$293,102	$194,744	+0.5%
Net Income	$-16,221	$206,019	-1.1%

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
JUDY ABIDE	PROMOTION CHAIR	1.00	Director	$0	$0	$0
AMY BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
ARLENE CANAAN	DIRECTOR	1.00	Director	$0	$0	$0
COREY CHRISTY	DESIGN CHAIR	1.00	Director	$0	$0	$0
TOM COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
COLBY CANTRELL	DIRECTOR	1.00	Director	$0	$0	$0
JULIE EGRESSY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN FELSHER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN FRISBY	DIRECTOR	1.00	Director	$0	$0	$0
SCARLETT GREEN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GENTILE	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY GILLON	ECONOMIC VITALITY CHAIR	1.00	Director	$0	$0	$0
ERIC KELLY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARNELL MARTINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEAN MCGURY	DIRECTOR	1.00	Director	$0	$0	$0
LEISE MOTYL	DIRECTOR	1.00	Director	$0	$0	$0
BART LUTHER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS PHARIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVE REESE	SECRETARY	1.00	Officer Director	$0	$0	$0
DARNELL SCHRECK	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET ANN STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
PAT WYLIE	DIRECTOR	1.00	Director	$0	$0	$0
JESSIE ZENOR	DIRECTOR	1.00	Director	$0	$0	$0
KAY MILLER	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
TINA ROSS-SEAMANS	LIAISON	1.00	Director	$0	$0	$0
LAWANDA JONES	LIAISON	1.00	Director	$0	$0	$0
FELICIA SERPAS	LIAISON	1.00	Director	$0	$0	$0
CHRIS DEBACK	LIAISON	1.00	Director	$0	$0	$0
BILL RAYMOND	ADVISORY BOARD	1.00	Director	$0	$0	$0
CECILIA DOBBS-WALTON	ADVISORY BOARD	1.00	Director	$0	$0	$0
SHERRY BELL	ADVISORY BOARD	1.00	Director	$0	$0	$0
LAURIE ROSETTI	ADVISORY BOARD	1.00	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	$276,881	$293,102	$576,319	$-16,221
2023	$400,763	$194,744	$592,540	$206,019
2022	$344,804	$354,326	$386,513	$-9,522
2018	$88,459	$93,636	$390,090	$-5,177

GULF COAST MAIN STREET CORP BILOXI