EAST MS CENTER FOR EDUCATIONAL DEVELOPMENT INC (EIN 640902540) - 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

DR RAYMOND MORGIGNO

Phone

6014840301

Tax Period

2024-07-01 to 2025-06-30

EAST MS CENTER FOR EDUCATIONAL DEVELOPMENT INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 11% surplus.

Mission

THE CENTER PROVIDES TRAINING AND MATERIALS FOR CONTINUING PROFESSIONAL EDUCATION FOR EDUCATORS AND ADMINISTRATORS FOR AREA K-12 SCHOOL DISTRICTS OF EAST CENTRAL MISSISSIPPI.

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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 $915,222

Program Service Revenue $484,215

Investment Income $74,312

Other Revenue $0

TOTAL REVENUE $1,473,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,819

Fundraising Expenses $0

Program Expenses $1,279,241

Other Expenses $1,050,742

TOTAL EXPENSES $1,311,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,473,749	$1,146,973	+0.3%
Expenses	$1,311,561	$906,738	+0.4%
Net Income	$162,188	$240,235	-0.3%

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

$105,000

Total Directors

$105,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR RAYMOND MORGIGNO	EXECUTIVE DI	40.00	Officer Director	$105,000	$0	$105,000
DR JOHN MARK CAIN	IMMEDIATE PA	N/A	Officer	$0	$0	$0
MR KYLE HAMMOND	SECRETARY	N/A	Officer	$0	$0	$0
DR TYLER HANSFORD	PRESIDENT	N/A	Officer	$0	$0	$0
MR HILUTE HUDSON	1ST VICE PRE	N/A	Officer	$0	$0	$0
DR SCOTT RIMES	2ND VICE PRE	N/A	Officer	$0	$0	$0
DR ANDY SCHOGGIN	3RD VICE PRE	N/A	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	$1,473,749	$1,311,561	$1,687,448	$162,188
2024	$1,146,973	$906,738	$1,526,963	$240,235
2023	$767,124	$598,821	$1,301,783	$168,303
2022	$879,084	$821,994	$1,141,001	$57,090
2021	$702,124	$647,414	$1,140,221	$54,710
2020	$470,170	$414,049	$1,068,946	$56,121
2019	$594,213	$535,030	$1,046,862	$59,183

EAST MS CENTER FOR EDUCATIONAL DEVELOPMENT INC