MISSISSIPPI FIRST INC (EIN 800310153) - 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

1982

Legal Domicile

Principal Officer

ANGELA BASS

Phone

6013989008

Tax Period

2024-07-01 to 2025-06-30

MISSISSIPPI FIRST INC, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $4.6M exceeded revenue, resulting in a 165% operating deficit.

Mission

MISSISSIPPI FIRST CHAMPIONS TRANSFORMATIVE POLICY SOLUTIONS FOR EVERY MISSISSIPPI CHILD.

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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 $1,705,689

Program Service Revenue $0

Investment Income $45,418

Other Revenue $0

TOTAL REVENUE $1,751,107

Expense Breakdown

Grants Paid $2,575,276

Salaries & Benefits $904,773

Fundraising Expenses $17,014

Program Expenses $4,218,243

Other Expenses $1,167,879

TOTAL EXPENSES $4,647,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,751,107	$996,445	+0.8%
Expenses	$4,647,928	$2,877,802	+0.6%
Net Income	$-2,896,821	$-1,881,357	+0.5%

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

$202,465

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM ABRAM	CHAIR	1.00	Officer Director	$0	$0	$0
CATORIA MARTIN ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
KATE GLUCKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KI HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL CANTER	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$185,493	$16,972	$202,465
TOREN H BALLARD	DIRECTOR	1.00	Highest	$101,825	$6,898	$108,723
MICAYLA R TATUM	DIRECTOR	1.00	Highest	$100,629	$10,165	$110,794

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	$1,751,107	$4,647,928	$2,452,339	$-2,896,821
2024	$996,445	$2,877,802	$5,134,021	$-1,881,357
2023	$465,618	$2,417,234	$6,956,517	$-1,951,616
2022	$8,796,715	$761,856	$8,768,110	$8,034,859
2021	$1,024,990	$925,338	$657,428	$99,652
2020	$1,241,137	$1,153,062	$573,126	$88,075
2019	$1,480,787	$1,873,064	$425,224	$-392,277

MISSISSIPPI FIRST INC