NORTH MISSISSIPPI EDUCATION CONSORTIUM INC

EIN: 640884671 501(c)(3) Education

UNIVERSITY, MS

Total Revenue
$12,238,065
Total Expenses
$13,598,624
Total Assets
$5,632,387
Net Assets
$2,327,025
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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
Principal Officer
JIMMY WEEKS
Phone
6629157905
Tax Period
2022-07-01 to 2023-06-30

NORTH MISSISSIPPI EDUCATION CONSORTIUM INC, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $12.2M in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $13.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE CONTINUING PROFESSIONAL EDUCATION FOR NORTH MS TEACHERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $11,408,398
Program Service Revenue $805,048
Investment Income $24,619
Other Revenue $0
TOTAL REVENUE $12,238,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $730,682
Fundraising Expenses $0
Program Expenses $12,621,032
Other Expenses $12,867,942
TOTAL EXPENSES $13,598,624

Year-over-Year Comparison

2022 2021 Change
Revenue $12,238,065 $9,412,447 +0.3%
Expenses $13,598,624 $7,618,542 +0.8%
Net Income $-1,360,559 $1,793,905 -1.8%
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

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Governance

Voting Members
12
Independent Members
12
Employees
26
Volunteers
N/A

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
1
$65,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHY GRACE PROGRAM SPEC 40.00
Highest
$133,440 $0 $133,440
SUSAN SCOTT PROJECT COOR 40.00
Highest
$104,000 $0 $104,000
JIMMY WEEKS DIRECTOR 40.00
Officer
$65,000 $0 $65,000
JAY ALLEN BOARD MEMBER N/A
Director
$0 $0 $0
MICHELLE BIVENS BOARD MEMBER N/A
Director
$0 $0 $0
TIM DICKERSON BOARD MEMBER N/A
Director
$0 $0 $0
TODD ENGLISH BOARD MEMBER N/A
Director
$0 $0 $0
RICKY FORD BOARD MEMBER N/A
Director
$0 $0 $0
JAY FOSTER BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL HEINDL BOARD MEMBER N/A
Director
$0 $0 $0
CHRISTI HOLLY BOARD MEMBER N/A
Director
$0 $0 $0
ROB PICOU BOARD MEMBER N/A
Director
$0 $0 $0
BRADLEY ROBERSON BOARD MEMBER N/A
Director
$0 $0 $0
DAVID ROCK BOARD MEMBER N/A
Director
$0 $0 $0
CORY USELTON BOARD MEMBER N/A
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 No data No data No data No data
2023 $12,238,065 $13,598,624 $5,632,387 $-1,360,559
2022 $9,412,447 $7,618,542 $3,971,892 $1,793,905
2021 $9,299,460 $8,652,940 $2,578,004 $646,520
2020 $3,950,478 $4,839,321 $1,643,341 $-888,843
2019 $4,984,211 $5,460,731 $2,347,336 $-476,520
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