MISSISSIPPI PROPANE GAS ASSOCIATION

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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

1941

Legal Domicile

Principal Officer

PHILIP CHAMBLEE

Phone

6013531624

Tax Period

2024-11-01 to 2025-10-31

MISSISSIPPI PROPANE GAS ASSOCIATION, founded in 1941, is a small nonprofit that reported $218K in total revenue in fiscal year 2024. Net assets of $1.1M represent 58 months of operating reserves.

Mission

TO PROMOTE AND ENHANCE THE PROPANE INDUSTRY IN MISSISSIPPI.

Program Service Accomplishments

Program 1

IN THE CURRENT YEAR, THE ASSOCIATION SERVED APPROXIMATELY EIGHTY (80) ACTIVE AND ASSOCIATE MEMBERS ACROSS MISSISSIPPI AND AMERICA. THE ASSOCIATION KEEPS PROPANE DEALERS ABREAST OF STATE AND FEDERAL COMPLIANCE AND REGULATORY ISSUES WHICH AFFECT THE INDUSTRY. EDUCATIONAL MATERIALS WERE SENT TO MEMBERS EACH WEEK TO ENABLE MEMBERS TO PRESENT SAFETY INFORMATION AND REMINDERS TO THEIR EMPLOYEES. EDUCATIONAL SEMINARS ARE CONDUCTED TO ENSURE PROPANE DELIVERY AND SERVICE/MAINTENANCE PERSONNEL ARE UP TO DATE ON LAWS AND REGULATIONS THAT AFFECT THEIR DAILY DUTIES. ON A REGULAR BASIS, THE ASSOCIATION SENDS LEGISLATIVE BULLETINS TO ALL PROPANE DEALERS IN THE STATE TO KEEP THEM ADVISED OF CHANGES AND THE DATE NEW LAWS GO INTO EFFECT. OUR ASSOCIATION PROVIDED ITS MEMBERS WITH GUIDANCE ON PROTOCOLS, GOVERNMENT RULES AND REGULATIONS PARTICULARLY HOUR OF SERVICE WAIVERS (HOS) WAIVERS FOR CDL HAZ MAT DRIVERS DURING INCLEMENT WEATHER OR NATURAL DISASTERS AND THE INCREASE IN MOTOR FUEL EXCISE TAXES.

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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 $133,945

Program Service Revenue $65,985

Investment Income $0

Other Revenue $18,244

TOTAL REVENUE $218,174

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $237,281

TOTAL EXPENSES $237,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,174	$202,401	+0.1%
Expenses	$237,381	$181,401	+0.3%
Net Income	$-19,207	$21,000	-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

N/A

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

$210,372

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUSTIN WATKINS	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
BEN HILL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BILL BLISSARD	DIRECTOR	1.00	Director	$0	$0	$0
BRAXTON COOMBS	DIRECTOR	1.00	Director	$0	$0	$0
BRENT ROGERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHUCK CLEMENT	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DIXON	DIRECTOR	1.00	Director	$0	$0	$0
FLOYD TRAMMELL	DIRECTOR	1.00	Director	$0	$0	$0
HAYDEN HERRING	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN PRICE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SAYLE	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
MART WINDHAM	DIRECTOR	1.00	Director	$0	$0	$0
MATT PETERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WRIGHT	PAST PRESIDENT	1.00	Director	$0	$0	$0
KELLEY ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
CHIP MOORE	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP CHAMBLEE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$38,132	$210,372

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	$218,174	$237,381	$1,058,616	$-19,207
2024	$202,401	$181,401	$836,867	$21,000
2023	$172,523	$200,106	$566,626	$-27,583
2022	$182,996	$190,005	$568,624	$-7,009
2021	$154,534	$203,088	$1,025,979	$-48,554
2020	$157,229	$120,385	$805,050	$36,844
2019	$137,270	$159,846	$524,456	$-22,576
2018	$143,356	$130,786	$507,190	$12,570