MISSISSIPPI SPORTS FOUNDATION INC

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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

BILL BLACKWELL

Phone

6019828264

Tax Period

2023-10-01 to 2024-09-30

MISSISSIPPI SPORTS FOUNDATION INC, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $572K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $663K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROTECT, PROMOTE AND PRESERVE MISSISSIPPI'S RICH SPORTS HISTORY WHILE OPERATING THE MISSISSIPPI SPORTS HALL OF FAME & MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $462,668 Revenue: $65,201

DURING THE YEAR APPROXIMATELY 13,000 PEOPLE TOURED THE MUSEUM INDIVIDUALLY, IN TOURS AND SCHOOL GROUPS OR THROUGH RENTAL OF THE CONFERENCE CENTER AND MEZZANINE ATTENDING SEMINARS, RECEPTIONS OR...

DURING THE YEAR APPROXIMATELY 13,000 PEOPLE TOURED THE MUSEUM INDIVIDUALLY, IN TOURS AND SCHOOL GROUPS OR THROUGH RENTAL OF THE CONFERENCE CENTER AND MEZZANINE ATTENDING SEMINARS, RECEPTIONS OR PARTIES. THE MUSEUM PROVIDES AN INSIGHT INTO THE INDIVIDUALS COMPRISING MISSISSIPPI'S SPORTS LEGENDS OF ALL RACES, SEXES AND AGES. THE FOUNDATION RECOGNIZES OUTSTANDING COLLEGE ATHLETES IN THE STATE OF MISSISSIPPI IN FOOTBALL, MEN'S AND WOMEN'S BASKETBALL AND BASEBALL. THE FOUNDATION ALSO INDUCTS OUTSTANDING MISSISSIPPI SPORTS FIGURES INTO THE HALL OF FAME EACH YEAR. DURING FISCAL YEAR 2021,THE FOUNDATION HAS BEEN ENGAGED IN DIGITIZING ITS VIDEO LIBRARY OF MISSISSIPPI SPORTS ACTION.

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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 $183,133

Program Service Revenue $65,129

Investment Income $64,094

Other Revenue $259,411

TOTAL REVENUE $571,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $333,080

Fundraising Expenses $52,725

Program Expenses $462,668

Other Expenses $330,203

TOTAL EXPENSES $663,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$571,767	$520,637	+0.1%
Expenses	$663,283	$676,966	0.0%
Net Income	$-91,516	$-156,329	-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

Volunteers

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

$158,878

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CORRERO	DIRECTOR	2.00	Director	$0	$0	$0
KARL BIERDEMAN	DIRECTOR	0.00	Director	$0	$0	$0
BEN JAMES	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
MICHAEL BOERNER	DIRECTOR	0.00	Director	$0	$0	$0
NICK CRUTCHER	DIRECTOR	0.00	Director	$0	$0	$0
SIDNEY ALLEN	VICE-PRESIDENT	0.00	Director	$0	$0	$0
CHRIS CHAMPION	DIRECTOR	0.00	Director	$0	$0	$0
JOHNNY RAY	DIRECTOR	0.00	Director	$0	$0	$0
ALAN HART	DIRECTOR	0.00	Director	$0	$0	$0
KATIE HESTER	DIRECTOR	0.00	Director	$0	$0	$0
RON WINFORD	DIRECTOR	0.00	Director	$0	$0	$0
TERRY HIGH	DIRECTOR	0.00	Director	$0	$0	$0
WHIT HUGHES	DIRECTOR	0.00	Director	$0	$0	$0
JIM KEITH	DIRECTOR	0.00	Director	$0	$0	$0
CISSYE GALLAGHER	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH S MCNULTY	DIRECTOR	0.00	Director	$0	$0	$0
RONNIE MUSGROVE	DIRECTOR	2.00	Director	$0	$0	$0
BEN LANE	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN SIMS	DIRECTOR	0.00	Director	$0	$0	$0
STEPHEN SIMS	DIRECTOR	0.00	Director	$0	$0	$0
MARCUS WALLACE	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS MADDUX	DIRECTOR	0.00	Director	$0	$0	$0
KEN GRAEBER	DIRECTOR	0.00	Director	$0	$0	$0
BRYAN LAGG	DIRECTOR	0.00	Director	$0	$0	$0
STEVE ROWELL	DIRECTOR	0.00	Director	$0	$0	$0
BILL BLACKWELL	EXECUTIVE DIRECTOR	40.00	Officer	$88,878	$0	$88,878
LULU MANESS	ADMINISTRATOR	40.00	Officer	$70,000	$0	$70,000
JOSEPH MOSS	PAST-PRESIDENT	3.00	Officer	$0	$0	$0
BILLY BRUNT	TREASURER	2.00	Officer	$0	$0	$0
CAL WELLS	SECRETARY	3.00	Officer	$0	$0	$0
SAM KELLY	PRESIDENT	2.00	Officer	$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	No data	No data	No data	No data
2024	$571,767	$663,283	$1,220,161	$-91,516
2023	$520,637	$676,966	$1,226,561	$-156,329
2022	$778,648	$628,769	$1,470,622	$149,879
2021	$628,768	$604,033	$1,412,522	$24,735
2020	$463,295	$628,230	$1,288,673	$-164,935
2019	$689,066	$579,603	$1,408,463	$109,463
2018	$1,069,959	$637,184	$1,090,518	$432,775