THE HOUSING ASSOCIATION OF MISSISSIPPI INC (EIN 640892901) - 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

1996

Legal Domicile

Principal Officer

ETTIE PITTMAN

Phone

6017907292

Tax Period

2024-01-01 to 2024-12-31

THE HOUSING ASSOCIATION OF MISSISSIPPI INC, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 22% operating margin.

Mission

AFFORDABLE HOUSING TRAINING

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,000

Program Service Revenue $245,380

Investment Income $3,990

Other Revenue $0

TOTAL REVENUE $254,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,300

Fundraising Expenses $0

Program Expenses $169,561

Other Expenses $175,540

TOTAL EXPENSES $198,840

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,370	$204,633	+0.2%
Expenses	$198,840	$224,085	-0.1%
Net Income	$55,530	$-19,452	-3.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$23,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH TERRELL	DIRECTOR, DELTA PROPERTY MANAGEMENT	0.00	Director	$0	$0	$0
CHASE DUDLEY	DIRECTOR, DUDLEY DEVELOPMENT	0.00	Director	$0	$0	$0
JEREMY HUDSON	DIRECTOR, J & A MANAGEMENT	0.00	Director	$0	$0	$0
JACK NAIL	DIRECTOR, INTERVEST CORPOR	0.00	Director	$0	$0	$0
HERBERT J PETERSON	DIRECTOR, CMS MANAGEMENT	0.00	Director	$0	$0	$0
KELLY HARDWICK	DIRECTOR, MISSISSIPPI STATE PERSONNEL BOARD	0.00	Director	$0	$0	$0
TREY IVISION	DIRECTOR, DELTA PROPERTY MANAGEMENT	0.00	Director	$0	$0	$0
BEN LYOYD	DIRECTOR, LLOYD GROUP	0.00	Director	$0	$0	$0
STACY WILLIAMS	DIRECTOR, MACO MANAGEMENT	0.00	Director	$0	$0	$0
KRISTY BROADHEAD	DIRECTOR, D & J DEVELOPMENT	0.00	Director	$0	$0	$0
NORVELL GOODEN	IMMEDIATE PAST PRESIDENT	0.00	Officer	$0	$0	$0
MICHAEL DORAN	VICE PRESIDENT, CMS MANAGEMENT	0.00	Officer	$0	$0	$0
DEWEY W KING	SECRETARY, MARS MARKETING,	0.00	Officer	$0	$0	$0
JOHN SULLIVAN	TREASURER, ENTERPRISE COMMUNITY PARTNERS	0.00	Officer	$0	$0	$0
LENNY TURNER	PRESIDENT	0.00	Officer	$0	$0	$0
ETTIE PITTMAN	EXECUTIVE DIRECTOR	40.00	Officer	$23,300	$0	$23,300

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	$254,370	$198,840	$278,628	$55,530
2023	$204,633	$224,085	$223,098	$-19,452
2022	$221,959	$217,955	$242,550	$4,004
2021	$233,772	$80,428	$238,741	$153,344
2020	$20,516	$156,034	$85,437	$-135,518
2019	$180,443	$89,006	$220,720	$91,437
2018	$93,963	$158,645	$129,283	$-64,682

THE HOUSING ASSOCIATION OF MISSISSIPPI INC