THE MARTIN LUTHER KING JR BUSINESS EMPOWERMENT CENTER INC (EIN 043221277) - 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

1994

Legal Domicile

Principal Officer

SUSAN GENTILI

Phone

5086202300

Tax Period

2020-07-01 to 2021-06-30

THE MARTIN LUTHER KING JR BUSINESS EMPOWERMENT CENTER INC, founded in 1994, is a small nonprofit that reported $225K in total revenue in fiscal year 2020. Revenue decreased 11% compared to the prior year. Expenses of $214K left a modest 5% surplus.

Mission

TO FOSTER THE ADVANCEMENT OF A DIVERSE WORCESTER AREA BUSINESS COMMUNITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $224,587

Investment Income $31

Other Revenue $0

TOTAL REVENUE $224,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,157

Fundraising Expenses $0

Program Expenses $207,972

Other Expenses $186,940

TOTAL EXPENSES $214,097

Year-over-Year Comparison

	2020	2019	Change
Revenue	$224,618	$252,422	-0.1%
Expenses	$214,097	$227,037	-0.1%
Net Income	$10,521	$25,385	-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

$478,806

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE SCULT	PRESIDENT/DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FISHMAN	VICE PRESIDENT/DIRECTOR	1.00	Director	$0	$0	$0
RUTH HIBBARD	TREASURER/DIRECTOR	1.00	Director	$0	$0	$0
PAMULA ZICKO	DIRECTOR	1.00	Director	$0	$0	$0
GARY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE HULME	DIRECTOR	1.00	Director	$0	$0	$0
CARL MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE LOCKE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES T CUDDY	EXECUTIVE DIRECTOR	1.00	Officer	$0	$28,949	$337,372
MICHAEL HUTNAK	CFO	1.00	Officer	$0	$7,221	$141,434

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
2021	$224,618	$214,097	$924,851	$10,521
2021	$163,221	$192,212	No data	$-28,991
2020	$252,422	$227,037	$289,355	$25,385
2019	$244,808	$238,827	$294,825	$5,981
2018	$171,284	$224,237	$186,149	$-52,953

THE MARTIN LUTHER KING JR BUSINESS EMPOWERMENT CENTER INC