MISSISSIPPI CHILDREN'S MUSEUM

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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

ALICEN BLANCHARD

Phone

6019815469

Tax Period

2024-06-01 to 2025-05-31

MISSISSIPPI CHILDREN'S MUSEUM, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.1M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Net assets of $31.2M represent 62 months of operating reserves.

Mission

WE CREATE UNPARALLELED EXPERIENCES TO INSPIRE EXCELLENCE AND A LIFELONG JOY OF LEARNING.

Program Service Accomplishments

Program 1

Expenses: $5,264,637 Revenue: $2,161,124

THE MISSISSIPPI'S CHILDREN'S MUSEUM (MCM) SEEKS TO EMPOWER AND INSPIRE OUR STATE'S CHILDREN, REGARDLESS OF THEIR SOCIAL, EDUCATIONAL, OR ECONOMIC BACKGROUND. THE MISSION OF MCM IS TO CREATE...

THE MISSISSIPPI'S CHILDREN'S MUSEUM (MCM) SEEKS TO EMPOWER AND INSPIRE OUR STATE'S CHILDREN, REGARDLESS OF THEIR SOCIAL, EDUCATIONAL, OR ECONOMIC BACKGROUND. THE MISSION OF MCM IS TO CREATE UNPARALLELED EXPERIENCES TO INSPIRE EXCELLENCE AND A LIFELONG JOY OF LEARNING. THE 40,000 SQUARE FOOT MUSEUM IN THE JACKSON LOCATION AND 25,000 SQUARE FOOT MUSEUM IN THE MERIDIAN LOCATION ARE DESIGNED AROUND FIVE PRIMARY INITIATIVES, WITH CORRELATING EXHIBITS, PROGRAMS, AND OUTREACH EFFORTS. THESE INITIATIVES INCLUDE LITERACY, SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH (STEAM); HEALTH AND NUTRITION; CULTURAL ARTS AND MISSISSIPPI HERITAGE - THE KEYS TO HELPING CHILDREN MATURE INTO HEALTHY AND PRODUCTIVE ADULT LEARNERS.

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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 $3,258,857

Program Service Revenue $2,161,124

Investment Income $418,934

Other Revenue $222,056

TOTAL REVENUE $6,060,971

Expense Breakdown

Grants Paid $12,155

Salaries & Benefits $2,947,287

Fundraising Expenses $303,260

Program Expenses $5,264,637

Other Expenses $3,529,487

TOTAL EXPENSES $6,488,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,060,971	$4,787,786	+0.3%
Expenses	$6,488,929	$6,528,286	0.0%
Net Income	$-427,958	$-1,740,500	-0.8%

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

174

Volunteers

874

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

$153,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN GARRARD	PRESIDENT/CE	40.00	Officer	$143,622	$9,842	$153,464
SARAH SKELTON	CFO	40.00	Highest	$122,414	$9,182	$131,596
ALICEN BLANCHARD	CHAIRMAN	5.00	Officer Director	$0	$0	$0
PATTY ANN BOGUE	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL CORMACK	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARET CUPPLES	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA DIDION	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN FLETCHER	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY M GRAVES	BOARD MEMBER	2.00	Director	$0	$0	$0
BETH HANSEN	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
LAURA HEARN	BOARD MEMBER	2.00	Director	$0	$0	$0
JET HOLLINGSWORTH	SECRETARY	5.00	Officer Director	$0	$0	$0
WILSON HOOD	VP GOVERNANC	5.00	Officer Director	$0	$0	$0
OLIVIA HOST	TREASURER	5.00	Officer Director	$0	$0	$0
ADAMS YERGER IV	BOARD MEMBER	2.00	Director	$0	$0	$0
MAGGI LAMPTON	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLA LEWIS	BOARD MEMBER	2.00	Director	$0	$0	$0
BLANN LUTKEN	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEY MEENA	BOARD MEMBER	2.00	Director	$0	$0	$0
MELANIE MORGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHIP PICKERING	BOARD MEMBER	2.00	Director	$0	$0	$0
MARC RANSIER	BOARD MEMBER	2.00	Director	$0	$0	$0
CAMILLE YOUNG	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
2025	$6,060,971	$6,488,929	$35,357,398	$-427,958
2024	$4,787,786	$6,528,286	$35,882,821	$-1,740,500
2023	$5,406,362	$6,170,551	$39,014,947	$-764,189
2022	$5,991,730	$6,444,340	$39,596,434	$-452,610
2021	$4,556,679	$4,518,066	$41,719,218	$38,613
2020	$4,628,980	$4,648,332	$40,780,536	$-19,352
2019	$6,937,522	$3,744,821	$34,406,332	$3,192,701
2018	$7,373,070	$3,619,764	$31,532,196	$3,753,306