NORTH MISSISSIPPI ENTERPRISE INITIATIVE INC (EIN 640885861) - 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

1998

Legal Domicile

Principal Officer

HOLLY KELLY

Phone

6622810720

Tax Period

2023-01-01 to 2023-12-31

NORTH MISSISSIPPI ENTERPRISE INITIATIVE INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $116K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $308K exceeded revenue, resulting in a 166% operating deficit.

Mission

PROVIDES AFFORDABLE RENTAL SPACE FOR START-UP BUSINESSES; ALONG WITH MANAGEMENT EXPERTISE AND SERVES AS AN ECONOMIC DEVELOPMENT TOOL ACROSS LAFAYETTE, PANOLA, AND GRENADA COUNTY.

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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 $0

Program Service Revenue $187,639

Investment Income $-71,794

Other Revenue $0

TOTAL REVENUE $115,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,766

Fundraising Expenses $0

Program Expenses $275,803

Other Expenses $246,054

TOTAL EXPENSES $307,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,845	$372,077	-0.7%
Expenses	$307,820	$389,278	-0.2%
Net Income	$-191,975	$-17,201	+10.2%

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

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

$52,083

Total Directors

$52,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY KELLY	EXECUTIVE DI	40.00	Officer Director	$52,083	$0	$52,083
JOHN ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JOE AZAR	DIRECTOR	1.00	Director	$0	$0	$0
LYGUNNAH BEAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
MAX D HIPP	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SHARPE	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
2023	$115,845	$307,820	$55,480	$-191,975
2022	$372,077	$389,278	$247,770	$-17,201
2021	$373,569	$348,314	$264,914	$25,255
2020	$375,330	$326,632	$239,673	$48,698
2019	$355,239	$378,141	$190,974	$-22,902
2018	$358,226	$373,650	$213,594	$-15,424

NORTH MISSISSIPPI ENTERPRISE INITIATIVE INC