MISSISSIPPI AQUARIUM (EIN 814974774) - 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

2017

Legal Domicile

Principal Officer

TRACI HAVELIN

Phone

2282054031

Tax Period

2024-01-01 to 2024-12-31

MISSISSIPPI AQUARIUM, founded in 2017, is a community nonprofit in the Animal-Related sector that reported $8.7M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $10.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO DO ANY AND ALL THINGS IN CONNECTION WITH THE OPERATION AND MANAGEMENT OF AN AQUARIUM AND PROVIDING, MAINTAINING, AND ENCOURAGING THE USE OF QUALITY PUBLIC FACILITIES AND WORKS WHICH WILL OFFER SCIENTIFIC RESEARCH, EDUCATIONAL, AND RECREATIONAL OPPORTUNITIES FOR THE BENEFIT OF THE PUBLIC AND MAINTAINING AND CARING FOR A VARIED AND EXTENSIVE INVENTORY OF AQUATIC LIFE IN A HUMANE, HEALTHY, AND SANITARY ENVIRONMENT FOR A HIGH QUALITY OF LIFE FOR SUCH AQUATIC LIFE.

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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 $1,375,967

Program Service Revenue $7,233,724

Investment Income $32,461

Other Revenue $73,966

TOTAL REVENUE $8,716,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,358,301

Fundraising Expenses $286,819

Program Expenses $8,562,738

Other Expenses $5,819,637

TOTAL EXPENSES $10,177,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,716,118	$6,972,922	+0.2%
Expenses	$10,177,938	$9,228,578	+0.1%
Net Income	$-1,461,820	$-2,255,656	-0.4%

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

176

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

$226,350

Total Directors

$226,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALT PANNEL	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
KURT ALLEN	PRESIDENT/CEO	40.00	Officer Director	$226,350	$0	$226,350
DUNCAN MCKENZIE	DIRECTOR	0.25	Director	$0	$0	$0
RICH WESTFALL	DIRECTOR	0.25	Director	$0	$0	$0
MATTHEW GRICE	DIRECTOR	0.25	Director	$0	$0	$0
BEN PACE	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL SUNDERMAN	DIRECTOR	0.25	Director	$0	$0	$0
DR SCOTT WILLARD	DIRECTOR	0.25	Director	$0	$0	$0
KELLY DARNELL	DIRECTOR	0.25	Director	$0	$0	$0
TRACI HAVELIN	CFO	40.00	Highest	$134,350	$0	$134,350
JEFF GIBULA	SR VP OF PROPERTY OPERATIO	40.00	Highest	$111,350	$0	$111,350
DR ALEXA DELAUNE	VP OF VETERINARY SERVICES	40.00	Highest	$104,581	$0	$104,581

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	$8,716,118	$10,177,938	$5,715,049	$-1,461,820
2023	$6,972,922	$9,228,578	$6,817,683	$-2,255,656
2022	$6,793,421	$9,374,375	$7,899,502	$-2,580,954
2022	$6,617,763	$9,371,910	$7,839,180	$-2,754,147
2021	$16,647,213	$9,356,329	$10,437,922	$7,290,884
2020	$7,574,411	$6,798,946	$3,441,638	$775,465
2019	$703,654	$2,240,085	$945,448	$-1,536,431
2018	$289,060	$679,702	$137,276	$-390,642

MISSISSIPPI AQUARIUM