PINEBELT FOUNDATION

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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

1997

Legal Domicile

Principal Officer

MIKE DIXON

Phone

6015836180

Tax Period

2025-01-01 to 2025-12-31

PINEBELT FOUNDATION, founded in 1997, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $28.5M in total revenue in fiscal year 2025. Revenue surged 155% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.3M, a strong 78% operating margin.

Mission

THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION DESIGNED TO SUPPORT CHARITABLE ACTIVITIES TO BENEFIT THE RESIDENTS OF THE PINE BELT AREA OF SOUTH MISSISSIPPI. THE MISSION IS TO BUILD BETTER COMMUNITIES THROUGH PHILANTHROPY. AS A DRIVING FORCE IN OUR REGION, OUR MISSION IS TO BUILD STRONGER COMMUNITIES THROUGH PHILANTHROPY. DONORS CAN ESTABLISH CHARITABLE LEGACIES AND PROVIDE LEADERSHIP TO ADDRESS COMMUNITY NEEDS IN A MANNER THAT IS RESPONSIBLE, RESPONSIVE, AND LASTING.

Program Service Accomplishments

Program 1

Expenses: $5,454,727

CONTRIBUTIONS AND PROGRAM SERVICE DISBURSEMENTS FOR CHARITABLE PURPOSES.

Program 2

Expenses: $314,098

SCHOLARSHIPS. THE FOUNDATION GRANTS SCHOLARSHIPS FOR STUDENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $26,637,463

Program Service Revenue $0

Investment Income $1,802,847

Other Revenue $38,918

TOTAL REVENUE $28,479,228

Expense Breakdown

Grants Paid $5,696,706

Salaries & Benefits $333,299

Fundraising Expenses $48,377

Program Expenses $5,768,825

Other Expenses $113,466

TOTAL EXPENSES $6,143,471

Year-over-Year Comparison

	2025	2024	Change
Revenue	$28,479,228	$11,155,871	+1.6%
Expenses	$6,143,471	$6,920,663	-0.1%
Net Income	$22,335,757	$4,235,208	+4.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLOS BROWN	TREASURER	1.00	Officer Director	$0	$0	$0
PHIL HANBERRY	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
ANNIE MCMILLAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SEAN PRIEBE	PRESIDENT	1.00	Officer Director	$0	$0	$0
VALERIE WILSON	SECRETARY	1.00	Officer Director	$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
2025	$28,479,228	$6,143,471	$61,930,686	$22,335,757
2024	$11,155,871	$6,920,663	$36,368,281	$4,235,208
2023	$5,581,238	$3,295,148	$31,175,096	$2,286,090
2022	$11,076,080	$5,719,712	$26,293,716	$5,356,368
2021	$10,495,358	$3,980,564	$25,456,911	$6,514,794
2020	$11,305,102	$2,231,084	$18,679,635	$9,074,018
2019	$5,494,057	$3,389,583	$8,978,148	$2,104,474
2018	$2,528,353	$2,450,933	$6,519,935	$77,420