Mississippi Bandmasters Association Inc (EIN 743102381) - 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

2003

Legal Domicile

Principal Officer

Ida Mitchell

Phone

6019061946

Tax Period

2024-09-01 to 2025-08-31

Mississippi Bandmasters Association Inc, founded in 2003, is a small nonprofit in the Education sector that reported $303K in total revenue in fiscal year 2024.

Mission

The Bandmasters provides students in Mississippi opportunities to perform in marching events a statewide band clinic and concert events. Each fall the Bandmasters organizes district marching competitions and statewide marching championship events. Marching competitions are based on school enrollment thereby allowing bands to compete against other bands of similar size. The Bandmasters organizes and manages an annual winter band clinic with over 200 students from around the state participating and with concert events at the conclusion of the clinic.

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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 $42,010

Program Service Revenue $261,170

Investment Income $0

Other Revenue $0

TOTAL REVENUE $303,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $283,968

Other Expenses $293,205

TOTAL EXPENSES $300,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,180	$309,598	0.0%
Expenses	$300,135	$285,288	+0.1%
Net Income	$3,045	$24,310	-0.9%

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

100

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
Ida Mitchell	President	10.00	Officer	$0	$0	$0
Matthew Pickering	Treasurer	10.00	Officer	$0	$0	$0
Brian Joyce	2nd Vice President	5.00	Officer	$0	$0	$0
Ashley Wade	3rd Vice President	5.00	Officer	$0	$0	$0
Katie Sweat	Middle School Representative	5.00	Officer	$0	$0	$0
Damon Barnes	Member at Large	5.00	Officer	$0	$0	$0
Daniel Wade	Past President	5.00	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
2025	$303,180	$300,135	$119,493	$3,045
2024	$309,598	$285,288	$116,448	$24,310
2023	$289,211	$281,147	$92,138	$8,064
2022	$235,795	$218,641	$84,074	$17,154
2021	$245,378	$274,764	$50,674	$-29,386

Mississippi Bandmasters Association Inc