INSTITUTE FOR THE ADVANCEMENT OF MINORITY HEALTH

EIN: 834631016 501(c)(3) Philanthropy & Grantmaking

RIDGELAND, MS

Total Revenue
$3,026,568
Total Expenses
$3,666,562
Total Assets
$1,501,244
Net Assets
$503,264
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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
2019
Legal Domicile
MS
Principal Officer
SANDRA MELVIN
Phone
6016653812
Tax Period
2023-01-01 to 2023-12-31

INSTITUTE FOR THE ADVANCEMENT OF MINORITY HEALTH, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $3.7M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE INSTITUDE FOR ADVANCMENT OF MINORITY HEALTH WAS ESTABLISHED IN 2019 TO REDUCE HEALTH DISPARITIES AMONG DISADVANTAGED AND UNDERSERVED MINORITY POPULATIONS IN MISSISSIPPI THROUGH THE ESTABLISHED OF COMMUNITY-BASED PARTNERSHIPS THAT UTILIZE THE HEALTH EQUITY FRAMEWORK AS THE FOUNDATION FOR THE DEVELOPMENT OF CULTURALLY APPROPRIATE SOLUTIONS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,672,428
Program Service Revenue $0
Investment Income $12,254
Other Revenue $341,886
TOTAL REVENUE $3,026,568

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,081,611
Fundraising Expenses $0
Program Expenses $3,267,875
Other Expenses $2,584,951
TOTAL EXPENSES $3,666,562

Year-over-Year Comparison

2023 2022 Change
Revenue $3,026,568 $3,804,867 -0.2%
Expenses $3,666,562 $3,073,222 +0.2%
Net Income $-639,994 $731,645 -1.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
22
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANDRA MELVIN CEO N/A
Highest
$168,755 $0 $168,755
HELEN BEADY MEMBER N/A
Director
$0 $0 $0
LUIZ ESPINOZA MEMBER N/A
Director
$0 $0 $0
ALLYTRA PERRYMAN MEMBER N/A
Director
$0 $0 $0
LORENA QUIROZ MEMBER N/A
Director
$0 $0 $0
CHRIS BELL PRESIDENT N/A
Officer
$0 $0 $0
CASSANDRA HAWKINS SECRETARY N/A
Officer
$0 $0 $0
MICHAEL JONES TREASURER N/A
Officer
$0 $0 $0
NIC LOTT VICE-PRESIDE N/A
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
2024 No data No data No data No data
2023 $3,026,568 $3,666,562 $1,501,244 $-639,994
2022 $3,804,867 $3,083,506 $1,645,246 $721,361
2022 $3,804,867 $3,073,222 $1,645,245 $731,645
2021 $1,858,283 $1,506,935 $471,724 $351,348
2021 $1,868,558 $1,496,089 $492,573 $372,469
2020 $593,053 $560,257 $134,949 $32,796
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