HATTIESBURG DOWNTOWN ASSN INC (EIN 640880868) - 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

1987

Legal Domicile

Phone

6015834329

Tax Period

2025-01-01 to 2025-12-31

HATTIESBURG DOWNTOWN ASSN INC, founded in 1987, is a small nonprofit that reported $254K in total revenue in fiscal year 2025. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE DOWNTOWN HATTIESBURG

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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 (2025)

Revenue Breakdown

Contributions & Grants $162,015

Program Service Revenue $89,817

Investment Income $2,165

Other Revenue $0

TOTAL REVENUE $253,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,787

Other Expenses $278,398

TOTAL EXPENSES $278,398

Year-over-Year Comparison

	2025	2024	Change
Revenue	$253,997	$371,337	-0.3%
Expenses	$278,398	$408,463	-0.3%
Net Income	$-24,401	$-37,126	-0.3%

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

100

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
SHAWN LOWREY	DIRECTOR	1.00	Director	$0	$0	$0
JOEL INGRAM	DIRECTOR	1.00	Director	$0	$0	$0
NICK FAIRLEY	DIRECTOR	1.00	Director	$0	$0	$0
LEE ANNE VENABLE	DIRECTOR	1.00	Director	$0	$0	$0
MARLO DORSEY	DIRECTOR	1.00	Director	$0	$0	$0
TONIA WARE	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE GARANICH	DIRECTOR	1.00	Director	$0	$0	$0
BETSY MERCIER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDY CAUSEY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH STARRETT	DIRECTOR	1.00	Director	$0	$0	$0
LARRY ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
NELSON HASKIN	DIRECTOR	1.00	Director	$0	$0	$0
RUSS BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN HARRIS	TREASURER	2.00	Officer	$0	$0	$0
CHELSEY EVERETT	PRESIDENT	1.00	Officer	$0	$0	$0
ANNA RUSH	PAST PRESIDENT	1.00	Officer	$0	$0	$0
DAVID SHEMPER	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KATIE ANTHONY	DIRECTOR	1.00	Officer	$0	$0	$0
SHELBY WHITE	SECRETARY	1.00	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	$253,997	$278,398	$172,997	$-24,401
2024	$371,337	$408,463	$233,398	$-37,126
2023	$466,406	$316,392	$234,524	$150,014
2022	$274,248	$282,136	$84,510	$-7,888
2021	$228,077	$200,074	$92,398	$28,003
2019	$167,046	$163,725	$78,374	$3,321
2018	$127,843	$117,042	$75,053	$10,801

HATTIESBURG DOWNTOWN ASSN INC