MISSISSIPPI ASSOCIATION OF BROADCASTERS (EIN 646025772) - 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

1941

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MISSISSIPPI ASSOCIATION OF BROADCASTERS, founded in 1941, is a small nonprofit that reported $371K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $557K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO ASSIST MEMBERS WITH BROADCAST INDUSTRY AND GENERAL BUSINESS RELATED CHALLENGES. MEMBERS ARE OFFERED EDUCATIONAL SEMINARS, LEGAL HOTLINES, UPDATES ON INDUSTRY TRENDS, AND OPPORTUNITIES TO NETWORK WITH OTHER BROADCASTERS

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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 $0

Program Service Revenue $352,660

Investment Income $18,136

Other Revenue $0

TOTAL REVENUE $370,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,254

Fundraising Expenses $0

Program Expenses $556,941

Other Expenses $429,687

TOTAL EXPENSES $556,941

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,796	$442,348	-0.2%
Expenses	$556,941	$482,656	+0.2%
Net Income	$-186,145	$-40,308	+3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TED FORTENBERRY	SECRETARYTREASURER	Officer	$0	$0	$0
DENNIS WARREN	PAST PRESIDENT	Officer	$0	$0	$0
DEREK ROGERS	PRESIDENT	Officer	$0	$0	$0
DR ELAYNE ANTHONY	INCOMING CHAIR	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
2024	No data	No data	No data	No data
2023	$370,796	$556,941	$632,632	$-186,145
2022	$442,348	$482,656	$779,979	$-40,308
2021	$323,299	$228,752	$740,573	$94,547
2020	$354,078	$178,923	$648,804	$175,155
2019	$314,742	$166,512	$601,204	$148,230
2018	$174,147	$194,413	$453,088	$-20,266

MISSISSIPPI ASSOCIATION OF BROADCASTERS