FOUNDATION FOR THE MID SOUTH INC (EIN 721151070) - 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

1989

Legal Domicile

Principal Officer

GREGORY JOHNSON

Phone

6013558167

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR THE MID SOUTH INC, founded in 1989, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 29% operating deficit.

Mission

INVESTS IN PEOPLE & STRATEGIES TO BUILD PHILANTHROPY & PROMOTE RACIAL, SOCIAL & ECONOMIC EQUITY.

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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 $1,564,022

Program Service Revenue $0

Investment Income $443,444

Other Revenue $870

TOTAL REVENUE $2,008,336

Expense Breakdown

Grants Paid $557,775

Salaries & Benefits $914,217

Fundraising Expenses $0

Program Expenses $1,724,804

Other Expenses $1,116,691

TOTAL EXPENSES $2,588,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,008,336	$1,593,028	+0.3%
Expenses	$2,588,683	$1,757,905	+0.5%
Net Income	$-580,347	$-164,877	+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

Governance

Voting Members

Independent Members

Employees

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

$409,303

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH TRAMBLE	BOARD MEMBER	1.00	Director	$0	$0	$0
MITZI WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIS ARNOLD III	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA LANDREAUX	BOARD MEMBER	1.00	Director	$0	$0	$0
THEODORE BUNTING JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GARY WILTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
CANDACE RANDLE PERSON	TREASURER	1.00	Officer Director	$0	$0	$0
CARLOS E MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY JOHNSON	PRESIDENT/CEO	40.00	Officer	$53,752	$3,299	$57,051
KIMBERLY MCMILLAM	CFO	40.00	Officer	$100,830	$25,581	$126,411
DR IVYE L ALLEN	FORMER PRESIDENT/CEO	40.00	Officer	$193,628	$32,213	$225,841

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	$2,008,336	$2,588,683	$22,533,472	$-580,347
2022	$1,593,028	$1,757,905	$19,522,565	$-164,877
2021	$2,493,672	$1,476,621	$21,522,499	$1,017,051
2020	$897,383	$1,660,126	$18,987,383	$-762,743
2019	$931,826	$2,018,795	$16,488,806	$-1,086,969
2018	$1,184,344	$1,801,008	$14,392,860	$-616,664

FOUNDATION FOR THE MID SOUTH INC