SEASHORE UNITED METHODIST ASSEMBLY

EIN: 640920498 501(c)(3)

BILOXI, MS

Total Revenue
$408,996
Total Expenses
$477,818
Total Assets
$696,213
Net Assets
$679,448
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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
1871
Legal Domicile
MS
Principal Officer
DAVID HUFFMAN
Phone
2284366767
Tax Period
2024-01-01 to 2024-12-31

SEASHORE UNITED METHODIST ASSEMBLY, founded in 1871, is a small nonprofit that reported $409K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $478K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO CREATE AN ATMOSPHERE FOSTERING SPIRITUAL GROWTH AND EMPOWERMENT CROSS-GENERATIONALLY.

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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 $164,548
Program Service Revenue $220,725
Investment Income $23,723
Other Revenue $0
TOTAL REVENUE $408,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $197,271
Fundraising Expenses $0
Program Expenses $384,195
Other Expenses $280,547
TOTAL EXPENSES $477,818

Year-over-Year Comparison

2024 2023 Change
Revenue $408,996 $565,274 -0.3%
Expenses $477,818 $518,229 -0.1%
Net Income $-68,822 $47,045 -2.5%
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
11
Independent Members
11
Employees
11
Volunteers
11

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
5
$60,974
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH W DOUGLAS CHAIRPERSON 2.00
Officer Director
$0 $0 $0
CONNIE HELMUTH SECRETARY 2.00
Officer Director
$0 $0 $0
KIM REEDER ASST SECRETARY 2.00
Officer Director
$0 $0 $0
LILLIE ANN WYATT TRUSTEE 2.00
Director
$0 $0 $0
REV CLIFF BURRIS TRUSTEE 2.00
Director
$0 $0 $0
ANTHONY T MCCULLUM TRUSTEE 2.00
Director
$0 $0 $0
DUNCAN NOBLE TRUSTEE 2.00
Director
$0 $0 $0
REV ELIJAH MITCHELL TRUSTEE 2.00
Director
$0 $0 $0
REVDR SHARMA LEWIS TRUSTEE 2.00
Director
$0 $0 $0
REV DAYNA GOFF TRUSTEE 2.00
Director
$0 $0 $0
LARRY HILLIARD TRUSTEE 2.00
Director
$0 $0 $0
DAVID HUFFMAN EXECUTIVE DIRECTOR 40.00
Officer
$31,223 $0 $31,223
MICHAEL HEDGEPATH RETIRED EXECUTIVE DIRECTOR 40.00
Officer
$29,751 $0 $29,751
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 $408,996 $477,818 $696,213 $-68,822
2023 $565,274 $518,229 $760,381 $47,045
2022 $610,496 $590,027 $714,044 $20,469
2021 $473,391 $474,497 $693,470 $-1,106
2020 $495,570 $437,184 $694,365 $58,386
2019 $578,924 $560,656 $637,250 $18,268
2018 $605,088 $556,362 $624,066 $48,726
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