NEW WAY MISSISSIPPI INC

EIN: 731631055 501(c)(3) Human Services

JACKSON, MS

Total Revenue
$1,088,269
Total Expenses
$1,085,179
Total Assets
$1,506,170
Net Assets
$141,673
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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
2001
Legal Domicile
MS
Phone
6015005670
Tax Period
2024-01-01 to 2024-12-31

NEW WAY MISSISSIPPI INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

Provide transitional housing for the homeless, ex-offenders and disenfranchised individuals. Implemented a Employment Training Program for all program participants

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $523,340
Program Service Revenue $564,929
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,088,269

Expense Breakdown

Grants Paid $0
Salaries & Benefits $361,960
Fundraising Expenses $0
Program Expenses $683,495
Other Expenses $723,219
TOTAL EXPENSES $1,085,179

Year-over-Year Comparison

2024 2023 Change
Revenue $1,088,269 $828,952 +0.3%
Expenses $1,085,179 $1,024,961 +0.1%
Net Income $3,090 $-196,009 -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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
0
$0
Key Employees
1
$90,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY PERRY 40.00
Key Emp
$18,000 $0 $90,000
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 $1,088,269 $1,085,179 $1,506,170 $3,090
2023 $828,952 $1,024,961 $1,265,853 $-196,009
2021 $687,266 $725,073 $862,439 $-37,807
2020 $771,670 $880,318 $725,750 $-108,648
2019 $1,350,912 $964,135 $772,594 $386,777
2018 $815,441 $796,535 $336,642 $18,906
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