THE SKILLS FOUNDATION OF MISSISSIPPI INC

EIN: 821551376 501(c)(3) Employment

JACKSON, MS

Total Revenue
$693,643
Total Expenses
$593,842
Total Assets
$1,087,086
Net Assets
$765,233
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MS
Principal Officer
PATRICK SULLIVAN
Phone
6015200084
Tax Period
2024-01-01 to 2024-12-31

THE SKILLS FOUNDATION OF MISSISSIPPI INC, founded in 2017, is a small nonprofit in the Employment sector that reported $694K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $594K left a modest 14% surplus.

Mission

THE SKILLS FOUNDATION OF MISSISSIPPI IS A NON-PROFIT FOCUSED ON INCREASING THE SKILLED WORKFORCE IN OUR STATE. WE WORK TO ENGAGE PRIVATE INDUSTRY, COMMUNITIES, AND STATE LEADERS FOR TRUE PUBLIC/PRIVATE PARTNERSHIPS TO GROW THE PIPELINE OF SKILLED WORKERS FOR THE NEXT GENERATION OF MISSISSIPPIANS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $485,200
Program Service Revenue $201,840
Investment Income $5,665
Other Revenue $938
TOTAL REVENUE $693,643

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,967
Fundraising Expenses $102,333
Program Expenses $400,379
Other Expenses $509,875
TOTAL EXPENSES $593,842

Year-over-Year Comparison

2024 2023 Change
Revenue $693,643 $909,243 -0.2%
Expenses $593,842 $612,602 0.0%
Net Income $99,801 $296,641 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
2
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
1
$36,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTA BISHOP DIRECTOR 0.50
Director
$0 $0 $0
JOHN MCKAY DIRECTOR 0.50
Director
$0 $0 $0
AMY TATE DIRECTOR 2.00
Director
$0 $0 $0
BRIAN USEFORGE DIRECTOR 0.50
Director
$0 $0 $0
AMY WALKER CHAIR 2.00
Director
$0 $0 $0
JB SWANSON DIRECTOR 0.50
Director
$0 $0 $0
SCOTT WALLER DIRECTOR 0.50
Director
$0 $0 $0
GINO PERKINS DIRECTOR 0.50
Director
$0 $0 $0
DEBRA MCGEE DIRECTOR 0.50
Director
$0 $0 $0
PATRICK SULLIVAN TREASURER 15.00
Officer
$36,000 $0 $36,000
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 $693,643 $593,842 $1,087,086 $99,801
2023 $909,243 $612,602 $987,285 $296,641
2022 $1,190,961 $1,016,127 $497,353 $174,834
2021 $555,656 $679,640 $302,766 $-123,984
2020 $695,668 $569,005 $427,399 $126,663
2019 $667,470 $439,808 $369,387 $227,662
2018 $77,530 $97,913 $60,047 $-20,383
Explore More Nonprofits
→Top 100 Nonprofits in Mississippi →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE SKILLS FOUNDATION OF MISSISSIPPI INC with other nonprofits in Mississippi and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.