MARTIN LUTHER KING JR CELEBRATION COMMITTEE OF BRAZORIA COUNTY (EIN 010673203) - 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

1986

Legal Domicile

Phone

9794176187

Tax Period

2023-01-01 to 2023-12-31

MARTIN LUTHER KING JR CELEBRATION COMMITTEE OF BRAZORIA COUNTY, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $286K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 22% operating margin.

Mission

MLKCC seeks to honor Dr. Kings admonition of service to the community by sponsoring the Dr Martin Luther King Jr. celebration and administering the MLKCC and the Dennis R. Edwards Memorial Scholarships to deserving high school graduates participating in various worthy community uplift projects and encouraging its members to take roles in numerous civic charitable and cultural endeavors.

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,984

Program Service Revenue $13,840

Investment Income $6,207

Other Revenue $14,977

TOTAL REVENUE $286,008

Expense Breakdown

Grants Paid $154,976

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,572

Other Expenses $67,442

TOTAL EXPENSES $223,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,008	$226,128	+0.3%
Expenses	$223,273	$186,176	+0.2%
Net Income	$62,735	$39,952	+0.6%

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

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
Dorothy Thomas	President	1.00	Officer Director	$0	$0	$0
Terry Gordon	Co-chairperson	1.00	Officer Director	$0	$0	$0
Winston Rossow	General Coordinator	1.00	Officer Director	$0	$0	$0
Cornell White	Treasurer	1.00	Officer Director	$0	$0	$0
Esther Williams	Secretary	1.00	Officer Director	$0	$0	$0
Jessica Willis	Corresponding Secretary	1.00	Officer Director	$0	$0	$0
Carolyn Edwards	Scholarship Chairperson	1.00	Director	$0	$0	$0
Will Brooks	Parade Chairperson	1.00	Director	$0	$0	$0
Sharon Barnes	Drum Major Chairperson	1.00	Director	$0	$0	$0
Mary F Hall	Musical Coordinator	1.00	Director	$0	$0	$0
Lois Davis	Publicity Coordinator	1.00	Director	$0	$0	$0
Lonnie Dews	chaplain	1.00	Director	$0	$0	$0
James Heard	Board Member	1.00	Director	$0	$0	$0
Rachel Welsch	Board Member	1.00	Director	$0	$0	$0
Kendra Waters	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
2024	No data	No data	No data	No data
2023	$286,008	$223,273	$380,158	$62,735
2022	$226,128	$186,176	$324,250	$39,952
2021	$225,011	$159,581	$296,863	$65,430
2020	$249,807	$58,692	$230,509	$191,115

MARTIN LUTHER KING JR CELEBRATION COMMITTEE OF BRAZORIA COUNTY