PTA-MISSISSIPPI-TUNICA INSTITUTE OF LEARNING INC

EIN: 640886357 501(c)(3)

TUNICA, MS

Total Revenue
$46,083
Total Expenses
$72,192
Total Assets
$57,810
Net Assets
$55,917
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MS
Principal Officer
ERICA GARRETT
Phone
6623631051
Tax Period
2024-07-01 to 2025-06-30

PTA-MISSISSIPPI-TUNICA INSTITUTE OF LEARNING INC, founded in 1996, is a micro nonprofit that reported $46K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $72K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE MISSION IS TO CREATE PROGRAMS FOR THE HEALTH, EDUCATION AND WELFARE OF THE STUDENTS, INCLUDING CULTURAL ARTS, MUSIC & ART, LIBRARY, COMPUTERS, HOSPITALITY, SERVICE PROJECTS, STREET LIGHTS, EQUIPMENT AND BONUSES.

Program Service Accomplishments

Program 1

ASSIST THE SCHOOL AND THE STUDENTS WITH FUNDRAISERS INCLUDING DRAWDOWNS, CALENDAR SALES, GREENERY SALES, BLUE JEAN FRIDAY AND OTHERS. EXPENSES INCLUDE GIFTS TO TEACHERS, SCHOLARSHIPS, BOOKS AND...

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ASSIST THE SCHOOL AND THE STUDENTS WITH FUNDRAISERS INCLUDING DRAWDOWNS, CALENDAR SALES, GREENERY SALES, BLUE JEAN FRIDAY AND OTHERS. EXPENSES INCLUDE GIFTS TO TEACHERS, SCHOLARSHIPS, BOOKS AND INSTRUCTIONAL SUPPLIES, MAINTENANCE, FIELD TRIPS AND HOSPITALITY.

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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 $2,215
Program Service Revenue $0
Investment Income $140
Other Revenue $43,728
TOTAL REVENUE $46,083

Expense Breakdown

Grants Paid $35,079
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,192
Other Expenses $37,113
TOTAL EXPENSES $72,192

Year-over-Year Comparison

2024 2023 Change
Revenue $46,083 $83,873 -0.5%
Expenses $72,192 $53,818 +0.3%
Net Income $-26,109 $30,055 -1.9%
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
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLAIRE HOOVER SECRETARY 10.00
Officer
$0 $0 $0
NEELY BAKER VICE PRESIDE 10.00
Officer
$0 $0 $0
KATHERINE FOWLER TREASURER 10.00
Officer
$0 $0 $0
ERICA GARRETT PRESIDENT 10.00
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 $46,083 $72,192 $57,810 $-26,109
2024 $83,873 $53,818 $83,918 $30,055
2023 $65,000 $49,776 $53,863 $15,224
2022 $45,179 $46,637 $37,983 $-1,458
2021 $60,991 $46,888 $38,908 $14,103
2020 $20,830 $55,829 $24,102 $-34,999
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