BRANDON MAIN STREET ASSOCIATION (EIN 863585016) - 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

2021

Legal Domicile

Principal Officer

JENNIFER LAY

Phone

6014157778

Tax Period

2024-10-01 to 2025-09-30

BRANDON MAIN STREET ASSOCIATION, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $214K in total revenue in fiscal year 2024. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 17% operating margin.

Mission

TO STIMULATE THE ECONOMY IN BRANDON, MISSISSIPPI THROUGH ORGANIZATION, PROMOTION, AND DESIGN.

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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 $151,840

Program Service Revenue $52,316

Investment Income $0

Other Revenue $9,612

TOTAL REVENUE $213,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,995

Fundraising Expenses $0

Program Expenses $178,187

Other Expenses $129,192

TOTAL EXPENSES $178,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,768	$74,490	+1.9%
Expenses	$178,187	$41,748	+3.3%
Net Income	$35,581	$32,742	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITSY MERRITT	PRESIDENT	5.00	Officer Director	$0	$0	$0
EDWIN SALLIS	SECRETARY	2.00	Officer Director	$0	$0	$0
PURVIE GREEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMIE MORRIS	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITTANY MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
SPENCER SHOEMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
SELENA LOVEJOY	BOARD MEMBER	1.00	Director	$0	$0	$0
DARION WARREN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGIE MILES	BOARD MEMBER	1.00	Director	$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
2025	$213,768	$178,187	$76,495	$35,581

BRANDON MAIN STREET ASSOCIATION