MARDI GRAS MUSEUM 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

1994

Legal Domicile

Principal Officer

STEPHEN P THEOBALD

Phone

2283744141

Tax Period

2023-10-01 to 2024-09-30

MARDI GRAS MUSEUM INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $93K left a modest 7% surplus.

Mission

TO RECORD AND PROMOTE THE HISTORY OF MARDI GRAS ON THE MISSISSIPPI GULF COAST THROUGH ITS MUSEUM OF ARTIFACTS, HISTORY DOCUMENTATION AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,050 Revenue: $2,920

ANNUAL CHILDRENS' MARDIS GRAS PARADE AND SHOE BOX FLOAT BUILDING CRAFTS AND EDUCATIONAL SPEAKER. ALLOWS CHILDREN TO EXPERIENCE THE RIDING IN A MARDI GRAS PARADE ON THE STREETS OF HISTORIC BILOXI...

ANNUAL CHILDRENS' MARDIS GRAS PARADE AND SHOE BOX FLOAT BUILDING CRAFTS AND EDUCATIONAL SPEAKER. ALLOWS CHILDREN TO EXPERIENCE THE RIDING IN A MARDI GRAS PARADE ON THE STREETS OF HISTORIC BILOXI. ALLOWS THEM TO EXPERIENCE THE DESIGN AND CONSTRUCTION OF A MARDI GRAS FLOAT.

Program 2

Expenses: $2,550 Revenue: $9,187

SPONSOR EVENTS AND EXHIBIT FEATURES HELD AT MUSEUM.

Program 3

Revenue: $12,479

ADMISSION FEES BY TOURIST VISITING THE MUSEUM TO VIEW MARDI GRAS DISPLAYS AND NET PROFITS FROM GIFT SHOP SALES OF MARDI GRAS SOUVINERS

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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 $66,347

Program Service Revenue $9,020

Investment Income $125

Other Revenue $24,866

TOTAL REVENUE $100,358

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,799

Fundraising Expenses $0

Program Expenses $3,600

Other Expenses $53,321

TOTAL EXPENSES $93,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,358	$114,125	-0.1%
Expenses	$93,120	$98,320	-0.1%
Net Income	$7,238	$15,805	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN HUNT	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEPHEN THEOBALD	TREASURER	2.00	Officer Director	$0	$0	$0
ELEANOR JUNE MCGOWN	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN MAHONEY EZELL	DIRECTOR	1.00	Director	$0	$0	$0
RYLAND BERTUCCI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BRISCOE	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK CHUBB	DIRECTOR	1.00	Director	$0	$0	$0
ANNE GUICE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
KATE D SPEAR	DIRECTOR	1.00	Director	$0	$0	$0
KEITH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY SANDERS	DIRECTOR	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	$100,358	$93,120	$68,523	$7,238
2023	$114,125	$98,320	$61,285	$15,805
2022	$86,465	$103,818	$45,480	$-17,353
2021	$74,926	$96,203	$62,833	$-21,277
2020	$76,592	$99,909	$84,110	$-23,317
2019	$194,203	$161,549	$107,427	$32,654
2018	$3,496	$67,720	$74,773	$-64,224