ADVANCE MISSISSIPPI 2024 (EIN 933793913) - 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

2023

Legal Domicile

Principal Officer

RACHEL ALLEN ODOM

Phone

6018421602

Tax Period

2024-10-01 to 2025-02-04

ADVANCE MISSISSIPPI 2024, founded in 2023, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $15K exceeded revenue, resulting in a 47% operating deficit.

Mission

PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE STATE OF MISSISSIPPI AND ALL MISSISSIPPIANS BY ORGANIZING, PLANNING AND IMPLEMENTING THE 2024 INAUGURATION FOR LIEUTENANT GOVERNOR-ELECT FOR THE STATE OF MISSISSIPPI AND IN FUNDING ANY UNBUDGETED COSTS ASSOCIATED WITH HIS PREPARATIONS TO PROMPTLY ASSUME AND CARRY OUT THE RESPONSIBILITIES OF SUCH OFFICE. THE CORPORATION MAY RECEIVE AND INVEST PROPERTY, AND MAY APPLY THE INCOME AND PRINCIPLE THEREOF AS ITS BOARD MAY DETERMINE THROUGH DIRECT EXPENDITURES OR CONTRIBUTIONS TO OTHER TAX-EXEMPT ENTITIES ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, CIVIC OR SOCIAL WELFARE PURPOSES.

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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 $10,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,000

Expense Breakdown

Grants Paid $14,737

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,737

Other Expenses $0

TOTAL EXPENSES $14,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,000	$323,000	-1.0%
Expenses	$14,737	$318,263	-1.0%
Net Income	$-4,737	$4,737	-2.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QUINTON DICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
MONA ENSTROM	SECRETARY	1.00	Director	$0	$0	$0
RACHEL ODOM	DIRECTOR	2.00	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	$10,000	$14,737	No data	$-4,737
2024	$323,000	$318,263	$4,737	$4,737

ADVANCE MISSISSIPPI 2024