CRUISIN THE COAST INC

EIN: 640881293

Gulfport, MS

Total Revenue
$2,418,948
Total Expenses
$1,816,388
Total Assets
$5,102,942
Net Assets
$5,097,479
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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
MS
Principal Officer
SHERWOOD R BAILEY Jr
Phone
2283853847
Tax Period
2024-01-01 to 2024-12-31

CRUISIN THE COAST INC, founded in 1996, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. The organization ran a surplus of $603K, a strong 25% operating margin.

Mission

INCREASE TOURISM ON GULF COAST

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $519,800
Program Service Revenue $1,750,015
Investment Income $185,716
Other Revenue $-36,583
TOTAL REVENUE $2,418,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,808,726
Other Expenses $1,816,388
TOTAL EXPENSES $1,816,388

Year-over-Year Comparison

2024 2023 Change
Revenue $2,418,948 $2,373,417 +0.0%
Expenses $1,816,388 $1,733,365 +0.0%
Net Income $602,560 $640,052 -0.1%
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

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Governance

Voting Members
2
Independent Members
1
Employees
3
Volunteers
600

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
2
$148,654
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERWOOD R BAILEY Jr VICE-PRESIDENT 40.00
Officer Highest
$148,654 $0 $148,654
CHEVIS C SWETMAN PRESIDENT 0.00
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 $2,418,948 $1,816,388 $5,102,942 $602,560
2023 $2,373,417 $1,733,365 $4,495,305 $640,052
2022 $1,828,834 $1,656,020 $3,874,867 $172,814
2021 $2,148,630 $1,661,821 $3,683,621 $486,809
2020 $1,420,973 $1,355,047 $3,195,242 $65,926
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