UNIVERSITY OF SOUTHERN MISSISSIPPI… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

CHRISTI HOLLOWAY

Phone

6012665017

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION, founded in 2000, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $15.2M represent 25 months of operating reserves.

Mission

THE MISSION OF THE ATHLETIC FOUNDATION IS TO PROVIDE FINANCIAL SUPPORTTO THE UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $6,254,475 Revenue: $1,000

ACTIVITIES SPONSORED BY THE ATHLETIC FOUNDATION TO BENEFIT THE ATHLETIC PROGRAM AND THE STUDENT ATHLETES.

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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 $6,938,927

Program Service Revenue $0

Investment Income $354,374

Other Revenue $-119,928

TOTAL REVENUE $7,173,373

Expense Breakdown

Grants Paid $4,366,204

Salaries & Benefits $411,290

Fundraising Expenses $303,750

Program Expenses $6,254,475

Other Expenses $2,527,536

TOTAL EXPENSES $7,305,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,173,373	$8,887,226	-0.2%
Expenses	$7,305,030	$7,334,850	0.0%
Net Income	$-131,657	$1,552,376	-1.1%

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

$612,098

Total Directors

$501,376

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JAY HENDERSON	PRESIDENT	0.00	Officer Director	$0	$0	$0
JOEL JOHNSON	DIRECTOR	0.00	Director	$0	$0	$0
JOE QUINLAN	DIRECTOR	0.00	Director	$0	$0	$0
ANDY WOODARD	TREASURER	0.00	Officer Director	$0	$0	$0
MANION ANDERSON	DIRECTOR	0.00	Director	$0	$0	$0
HOPPY COLE	DIRECTOR	0.00	Director	$0	$0	$0
CHARLEY WALLACE	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
JIM SMITH	DIRECTOR	0.00	Director	$0	$0	$0
JEREMY MCCLAIN	CEO & CHAIRMAN OF THE BOAR	40.00	Officer Director	$450,000	$51,376	$501,376
JEFF JONES	DIRECTOR	0.00	Director	$0	$0	$0
PAIGE HOWELL	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS LEONARD	DIRECTOR	0.00	Director	$0	$0	$0
JULIE BREAZEALE	DIRECTOR	0.00	Director	$0	$0	$0
KAMI WERT	SECRETARY	0.00	Officer Director	$0	$0	$0
DR ALAN LUCAS	DIRECTOR	0.00	Director	$0	$0	$0
KRIS MANGUM	DIRECTOR	0.00	Director	$0	$0	$0
REGGIE COLLIER	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS INMAN	DIRECTOR	0.00	Director	$0	$0	$0
RICKEY JONES	DIRECTOR	0.00	Director	$0	$0	$0
DR THOMAS ROYALS	DIRECTOR	0.00	Director	$0	$0	$0
ABB PAYNE	DIRECTOR	0.00	Director	$0	$0	$0
MACK GRUBBS	DIRECTOR	0.00	Director	$0	$0	$0
DR JOE PAUL	DIRECTOR	0.00	Director	$0	$0	$0
KRANDALL HOWELL	DIRECTOR	0.00	Director	$0	$0	$0
DR DOUG ROUSE	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT DEWS	DIRECTOR	0.00	Director	$0	$0	$0
AUBREY COLLUM	DIRECTOR	0.00	Director	$0	$0	$0
MIKE LANDRUM	DIRECTOR	0.00	Director	$0	$0	$0
DR WAYNE ADKISON	DIRECTOR	0.00	Director	$0	$0	$0
NICK WELCH	DIRECTOR	0.00	Director	$0	$0	$0
VIC ROBERTS	DIRECTOR	0.00	Director	$0	$0	$0
SPENCER ADAMS	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD JOHNSTON	DIRECTOR	0.00	Director	$0	$0	$0
DR JOSEPH WEINBERG	DIRECTOR	0.00	Director	$0	$0	$0
AL GORDY	DIRECTOR	0.00	Director	$0	$0	$0
GRANT DYESS	DIRECTOR	0.00	Director	$0	$0	$0
LEIGH BREAL	DIRECTOR	0.00	Director	$0	$0	$0
WREN HOOD	DIRECTOR	0.00	Director	$0	$0	$0
DR CATHY SESSUMS	DIRECTOR	0.00	Director	$0	$0	$0
CATHY CAUTHEN	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTI HOLLOWAY	CFO	40.00	Officer	$89,826	$20,896	$110,722

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	No data	No data	No data	No data
2024	$7,173,373	$7,305,030	$17,385,624	$-131,657
2023	$8,887,226	$7,334,850	$16,698,538	$1,552,376
2022	$10,544,617	$7,863,523	$15,145,545	$2,681,094
2021	$7,657,877	$6,902,575	$14,822,798	$755,302
2020	$8,187,789	$9,256,442	$14,083,063	$-1,068,653
2019	$8,763,966	$10,356,844	$16,679,089	$-1,592,878
2018	$7,608,279	$5,933,414	$20,182,636	$1,674,865

UNIVERSITY OF SOUTHERN MISSISSIPPI ATHLETIC FOUNDATION