To Improve Mississippi Economics Inc

EIN: 842301757 501(c)(3) Food, Agriculture & Nutrition

Jackson, MS

Total Revenue
$2,924,267
Total Expenses
$2,924,376
Total Assets
$17,834
Net Assets
$17,834
🔒

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
2021
Legal Domicile
MS
Principal Officer
Cindy Ayers Elliott
Phone
6012992430
Tax Period
2024-01-01 to 2024-12-31

To Improve Mississippi Economics Inc, founded in 2021, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

To Improve Mississippi Economics Inc. T.I.M.E. Inc. is a statewide nonprofit organization dedicated to strengthening Mississippis communities through education innovation and economic empowerment. Our mission is to build strategic partnerships with local farmers businesses and educational institutions to promote sustainable agriculture expand access to technology and create opportunities for economic growth in both urban and rural areas. Through education workforce development and community engagement we work to equip individuals especially youth with the knowledge and resources needed to sustain a healthier more productive Mississippi.

🔒

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 $2,924,267
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,924,267

Expense Breakdown

Grants Paid $64,183
Salaries & Benefits $423,484
Fundraising Expenses $0
Program Expenses $2,924,376
Other Expenses $2,436,709
TOTAL EXPENSES $2,924,376

Year-over-Year Comparison

2024 2023 Change
Revenue $2,924,267 $1,836,226 +0.6%
Expenses $2,924,376 $1,817,587 +0.6%
Net Income $-109 $18,639 -1.0%
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
5
Independent Members
2
Employees
8
Volunteers
5

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
$157,494
Total Directors
1
$157,494
Key Employees
8
$364,305
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cindy A Elliott President-CEO 40.00
Officer Director Key Emp Highest
$157,494 $0 $157,494
LaGrand Elliott Co-Private Investigator and Project 40.00
Key Emp
$58,499 $0 $58,499
Frances Martin Co-Private Investigator 8.33
Key Emp
$31,334 $0 $31,334
Wendy Williams Project Support 10.00
Key Emp
$12,000 $0 $12,000
Cedric Jenkins Admin Support Assistant 22.00
Key Emp
$21,082 $0 $21,082
William Evans Urban Ag Specialist 12.00
Key Emp
$22,397 $0 $22,397
Eric Elliott Project Support Assistant 21.00
Key Emp
$29,999 $0 $29,999
Adrenace Williams Co- Private Investigator 10.00
Key Emp
$31,500 $0 $31,500
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 $2,924,267 $2,924,376 $17,834 $-109
2023 $320,952 $374,069 $342,700 $-53,117
2021 $267,621 $212,822 $54,799 $54,799
Explore More Nonprofits
Top 100 Nonprofits in Mississippi Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare To Improve Mississippi Economics Inc with other nonprofits in Mississippi and across the country.