MISSISSIPPI ECONOMIC RESOURCE TRUST (EIN 646193927) - 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

2009

Legal Domicile

Phone

5045992191

Tax Period

2024-01-01 to 2024-12-31

MISSISSIPPI ECONOMIC RESOURCE TRUST, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $506K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $140K, a strong 28% operating margin.

Mission

MISSISSIPPI POWER COMPANY, A MISSISSIPPI CORPORATION, DETERMINED THAT THERE IS A NEED TO ENCOURAGE ECONOMIC GROWTH AND INVESTMENT IN THEIR SERVICE AREA AND WITHIN THE STATE OF MISSISSIPPI.THE PURPOSE OF THIS TRUST IS TO (1) PROVIDE FUNDS TO IMPROVE THE ECONOMIC GROWTH AND DEVELOPMENT OF BUSINESS AND INDUSTRY IN MS THROUGH FUNDING A SEED CAPITAL CORPORATION OR SIMILAR ENTITY.(2) THE TRUST WILL PROVIDE THE DEPARTMENT OF ECONOMIC DEVELOPMENT OF THE STATE OF MS WITH FUNDS FOR A RESOURCE PRESENTATION CENTER.(3) THE TRUST ENCOURAGES PRIVATE INDUSTRY TO CONTRIBUTE, INVEST, AND PARTICIPATE IN THE ECONOMIC DEVELOPMENT IN THE STATE OF MS IN THE SPIRIT OF THE ECONOMIC DEVELOPMENT REFORM ACT.

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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 $0

Program Service Revenue $0

Investment Income $505,845

Other Revenue $0

TOTAL REVENUE $505,845

Expense Breakdown

Grants Paid $305,499

Salaries & Benefits $25,525

Fundraising Expenses $0

Program Expenses $305,499

Other Expenses $34,334

TOTAL EXPENSES $365,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$505,845	$4,228,607	-0.9%
Expenses	$365,358	$437,085	-0.2%
Net Income	$140,487	$3,791,522	-1.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	N/A		$25,525	$0	$25,525

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	$505,845	$365,358	$13,075,414	$140,487
2023	$4,228,607	$437,085	$12,922,127	$3,791,522
2022	$-82,278	$157,711	$9,156,627	$-239,989
2021	$1,712,426	$52,285	$9,400,779	$1,660,141
2020	$464,294	$57,154	$7,735,066	$407,140

MISSISSIPPI ECONOMIC RESOURCE TRUST