Civic Intelligence

Medical Foundation of South Ms Inc

EIN 64-0822753 • 501(c)3 • Biloxi, MS

Profile

The medical foundation of south mississippi, inc.'s primary mission was to provide medical care to the community of the mississippi gulf coast through ownership and operation of a number of health clinics in the region. However, on october 1, 2008, the foundation discontinued patient health care and is a component of memorial hospital at gulfport.

P O Box 555Biloxi, MS 39533

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

1671.91x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

55th percentile

0.0%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Assets

Flat

$21,981

Flat from 2023

Liabilities

Flat

$36,750,237

Flat from 2023

Net Assets

Flat

-$36,728,256

Flat from 2023

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$20M$0-$20M-$40MAssets 2011: $34,258Liabilities 2011: $29,999,141Net Assets 2011: -$29,964,8832011Assets 2012: $28,229Liabilities 2012: $32,099,081Net Assets 2012: -$32,070,8522012Assets 2013: $26,432Liabilities 2013: $34,346,016Net Assets 2013: -$34,319,5842013Assets 2014: $24,092Liabilities 2014: $36,750,237Net Assets 2014: -$36,726,1452014Assets 2015: $22,448Liabilities 2015: $36,750,237Net Assets 2015: -$36,727,7892015Assets 2016: $21,783Liabilities 2016: $36,750,237Net Assets 2016: -$36,728,4542016Assets 2017: $21,642Liabilities 2017: $36,750,237Net Assets 2017: -$36,728,5952017Assets 2018: $21,642Liabilities 2018: $36,750,237Net Assets 2018: -$36,728,5952018Assets 2019: $21,966Liabilities 2019: $36,750,237Net Assets 2019: -$36,728,2712019Assets 2020: $21,981Liabilities 2020: $36,750,237Net Assets 2020: -$36,728,2562020Assets 2021: $21,981Liabilities 2021: $36,750,237Net Assets 2021: -$36,728,2562021Assets 2022: $21,981Liabilities 2022: $36,750,237Net Assets 2022: -$36,728,2562022Assets 2023: $21,981Liabilities 2023: $36,750,237Net Assets 2023: -$36,728,2562023Assets 2024: $21,981Liabilities 2024: $36,750,237Net Assets 2024: -$36,728,2562024

Highlighted filing

2024

Assets$21,981
Liabilities$36,750,237
Net Assets-$36,728,256

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $10,138Expenses 2011: $2,000,797Net Income 2011: -$1,990,6592011Revenue 2012: $9,046Expenses 2012: $2,115,016Net Income 2012: -$2,105,9702012Expenses 2013: $2,249,3332013Revenue 2014: $669Expenses 2014: $2,407,230Net Income 2014: -$2,406,5612014Revenue 2015: $0Expenses 2015: $1,644Net Income 2015: -$1,6442015Revenue 2016: $0Expenses 2016: $665Net Income 2016: -$6652016Revenue 2017: $0Expenses 2017: $141Net Income 2017: -$1412017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $324Expenses 2019: $0Net Income 2019: $3242019Revenue 2020: $14Expenses 2020: $0Net Income 2020: $142020Revenue 2021: $0Expenses 2021: $0Net Income 2021: $02021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2024

Revenue$0
Expenses$0
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$36.8$36.7$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.02$36.8$36.7$0.00$2.41$2.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$34.3$34.3$2.25
2012Summary only. Only limited summary data is available for this year.$0.03$32.1$32.1$0.01$2.12$2.11
2011Summary only. Only limited summary data is available for this year.$0.03$30.0$30.0$0.01$2.00$1.99
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 1, 2025
Return Version
2023v6.0
Gross Receipts
$0
Mission and Program Overview

Mission

The medical foundation of south mississippi, inc.'s primary mission was to provide medical care to the community of the mississippi gulf coast through ownership and operation of a number of health clinics in the region. However, on october 1, 2008, the foundation discontinued patient health care, but will continue limited operation as it collects patient receivables.

Provide medical care to patients in mississippi

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,981$21,981→ $0
Total Assets$21,981$21,981→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$36,750,237$36,750,237→ $0
Total Liabilities$36,750,237$36,750,237→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-36,728,256$-36,728,256→ $0
Total Net Assets Fund Balance$-36,728,256$-36,728,256→ $0
Total Liabilities and Net Assets / Fund Balance$21,981$21,981→ $0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sherwood Bailey JrPresident
Roy Anderson IiiBoard Member
Richard Tilley MdBoard Member/physician
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

On october 1, 2008, all medical services and business operations were acquired by memorial hospital at gulfport ("mhg"). The foundation is economically dependent upon mhg. Because of the nature of the relationship between the foundation and mhg, the foundation is considered to be a component unit of mhg. The board of mhg is responsible for appointing and overseeing the board of the foundation.

Form 990, Part VI, Section A, Line 7B

On october 1, 2008, all medical services and business operations were acquired by memorial hospital at gulfport ("mhg"). The foundation is economically dependent upon mhg. Because of the nature of the relationship between the foundation and mhg, the foundation is considered to be a component unit of mhg. The board of mhg is responsible for appointing and overseeing the board of the foundation.

Form 990, Part VI, Section B, Line 11B

The president of the board is reponsible for reviewing and signing the tax return.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy is reviewed and applied to renewing and new board members on an annual basis.

Form 990, Part VI, Section C, Line 19

Documents available for inspection upon request.

Filing and Contact Details

Filer

Filer Name
Medical Foundation of South Ms Inc
EIN
64-0822753
Phone
2288651453
Address
P O BOX 555, BILOXI, MS 39533

Signing Officer

Name
Sherwood Bailey Jr
Title
President
Phone
2288648454
Signed
2025-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sherwood Bailey Jr
Formed
1992
Legal Domicile
Ms
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cri Advisors LLC
Address
PO BOX 768, LAUREL, MS 39441
Preparer
Jennifer J Jenkins CPA
Phone
6016495207
Raw XML Appendix277 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE MEDICAL CARE TO PATIENTS IN MISSISSIPPI
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KENT NICAUD
IRS990/BooksInCareOfDetail/PhoneNum02288674000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04500 13TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0GULFPORT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990/BooksInCareOfDetail/USAddress/ZIPCd039501
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/CashNonInterestBearingGrp/EOYAmt021981
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IRS990/DecisionsSubjectToApprovaInd01
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IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE MEDICAL FOUNDATION OF SOUTH MISSISSIPPI, INC.'S PRIMARY MISSION WAS TO PROVIDE MEDICAL CARE TO THE COMMUNITY OF THE MISSISSIPPI GULF COAST THROUGH OWNERSHIP AND OPERATION OF A NUMBER OF HEALTH CLINICS IN THE REGION. HOWEVER, ON OCTOBER 1, 2008, THE FOUNDATION DISCONTINUED PATIENT HEALTH CARE AND IS A COMPONENT OF MEMORIAL HOSPITAL AT GULFPORT.
IRS990/DescribedInSection501c3Ind01
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IRS990/FamilyOrBusinessRlnInd00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0SHERWOOD BAILEY JR
IRS990/Form990PartVIISectionAGrp/PersonNm1ROY ANDERSON III
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD TILLEY MD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER/PHYSICIAN
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt00
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MEDICAL FOUNDATION OF SOUTH MISSISSIPPI, INC.'S PRIMARY MISSION WAS TO PROVIDE MEDICAL CARE TO THE COMMUNITY OF THE MISSISSIPPI GULF COAST THROUGH OWNERSHIP AND OPERATION OF A NUMBER OF HEALTH CLINICS IN THE REGION. HOWEVER, ON OCTOBER 1, 2008, THE FOUNDATION DISCONTINUED PATIENT HEALTH CARE AND IS A COMPONENT OF MEMORIAL HOSPITAL AT GULFPORT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt036750237
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt036750237
IRS990/NetAssetsOrFundBalancesBOYAmt0-36728256
IRS990/NetAssetsOrFundBalancesEOYAmt0-36728256
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-36728256
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-36728256
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/HospitalInd0X
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ON OCTOBER 1, 2008, ALL MEDICAL SERVICES AND BUSINESS OPERATIONS WERE ACQUIRED BY MEMORIAL HOSPITAL AT GULFPORT ("MHG"). THE FOUNDATION IS ECONOMICALLY DEPENDENT UPON MHG. BECAUSE OF THE NATURE OF THE RELATIONSHIP BETWEEN THE FOUNDATION AND MHG, THE FOUNDATION IS CONSIDERED TO BE A COMPONENT UNIT OF MHG. THE BOARD OF MHG IS RESPONSIBLE FOR APPOINTING AND OVERSEEING THE BOARD OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ON OCTOBER 1, 2008, ALL MEDICAL SERVICES AND BUSINESS OPERATIONS WERE ACQUIRED BY MEMORIAL HOSPITAL AT GULFPORT ("MHG"). THE FOUNDATION IS ECONOMICALLY DEPENDENT UPON MHG. BECAUSE OF THE NATURE OF THE RELATIONSHIP BETWEEN THE FOUNDATION AND MHG, THE FOUNDATION IS CONSIDERED TO BE A COMPONENT UNIT OF MHG. THE BOARD OF MHG IS RESPONSIBLE FOR APPOINTING AND OVERSEEING THE BOARD OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRESIDENT OF THE BOARD IS REPONSIBLE FOR REVIEWING AND SIGNING THE TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST POLICY IS REVIEWED AND APPLIED TO RENEWING AND NEW BOARD MEMBERS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS AVAILABLE FOR INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MEMORIAL HOSPITAL AT GULFPORT FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0204535203
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE HEALTH WITHIN THE COMMUNITY AND SERVICE AREA OF MEMORIAL HOSPITAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0509(A)(3), TYPE I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 940
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IRS990/TerminateOperationsInd00
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IRS990/TotalCompGreaterThan150KInd00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHERWOOD BAILEY JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02288648454
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEDICAL FOUNDATION OF SOUTH MS INC
ReturnHeader/Filer/BusinessNameControlTxt0MEDI
ReturnHeader/Filer/EIN0640822753
ReturnHeader/Filer/PhoneNum02288651453
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 555
ReturnHeader/Filer/USAddress/CityNm0BILOXI
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039533
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0994625061
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRI ADVISORS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 768
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAUREL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039441
ReturnHeader/PreparerPersonGrp/PhoneNum06016495207
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER J JENKINS CPA
ReturnHeader/ReturnTs02025-07-15T08:44:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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