MPB 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

2016

Legal Domicile

Principal Officer

ANGELA FERRAEZ

Phone

6014326565

Tax Period

2023-07-01 to 2024-06-30

MPB FOUNDATION, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $411K, a strong 17% operating margin.

Mission

SUPPORT OF EDUCATIONAL PUBLIC BROADCASTING IN MISSISSIPPI VIA SUPPORT TO MS AUTHORITY FOR EDUCATIONAL TELEVISION (DOING BUSINESS AS MISSISSIPPI PUBLIC BROADCASTING, "MPB")

Program Service Accomplishments

Program 1

Expenses: $851,824 Revenue: $2,364,344

BENEFIT AND SUPPORT MS AUTHORITY FOR EDUCATIONAL TELEVISION

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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 $2,025,548

Program Service Revenue $115,972

Investment Income $220,981

Other Revenue $1,843

TOTAL REVENUE $2,364,344

Expense Breakdown

Grants Paid $569,065

Salaries & Benefits $361,541

Fundraising Expenses $1,052,240

Program Expenses $851,824

Other Expenses $1,023,067

TOTAL EXPENSES $1,953,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,364,344	$2,132,267	+0.1%
Expenses	$1,953,673	$1,753,624	+0.1%
Net Income	$410,671	$378,643	+0.1%

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

N/A

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

$130,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON B CANNADA	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE B READY	CHAIRMAN	5.00	Director	$0	$0	$0
RHEA C WILLIAMS-BISHOP	SECRETARY	5.00	Director	$0	$0	$0
JON C TURNER	TREASURER	5.00	Director	$0	$0	$0
GEORGE D PENICK JR	DIRECTOR	5.00	Director	$0	$0	$0
MELVIN V PRIESTER JR	VICE CHAIRMAN	5.00	Director	$0	$0	$0
JOHN H COCKE	DIRECTOR	5.00	Director	$0	$0	$0
GRACE P LEE	DIRECTOR	5.00	Director	$0	$0	$0
SHAWN C MACKEY	DIRECTOR	5.00	Director	$0	$0	$0
ANDREW W MALLINSON	DIRECTOR	5.00	Director	$0	$0	$0
NORA F MCRAE	DIRECTOR	5.00	Director	$0	$0	$0
FINNEY C MOORE	DIRECTOR	5.00	Director	$0	$0	$0
DARDEN H NORTH	DIRECTOR	5.00	Director	$0	$0	$0
DANIELLE C MORGAN	DIRECTOR	5.00	Director	$0	$0	$0
ROYAL D AILLS	DIRECTOR	5.00	Director	$0	$0	$0
PAUL M ROCCONI	DIRECTOR	5.00	Director	$0	$0	$0
CYNTHIA D SUTTON	DIRECTOR	5.00	Director	$0	$0	$0
JOHN C HARDY	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL ETHRIDGE	DIRECTOR	5.00	Director	$0	$0	$0
FRANK S YORK	DIRECTOR	5.00	Director	$0	$0	$0
J BURNS STRIDER	DIRECTOR	5.00	Director	$0	$0	$0
ANGELA C FERRAEZ	EXECUTIVE DIRECTOR	40.00	Officer	$130,000	$0	$130,000

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
2025	No data	No data	No data	No data
2024	$2,364,344	$1,953,673	$3,803,081	$410,671
2023	$2,132,267	$1,753,624	$3,405,716	$378,643
2022	$1,895,017	$1,520,845	$2,987,587	$374,172
2021	$1,956,695	$1,792,640	$2,641,017	$164,055
2020	$1,942,612	$1,545,432	$2,237,634	$397,180
2019	$1,858,223	$1,675,378	$1,966,759	$182,845