MARTIN LUTHER KING COMMUNITY CENTER INCORPORATED (EIN 050271882) - 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

1922

Legal Domicile

Principal Officer

HEATHER H STROUT

Phone

4018464828

Tax Period

2024-07-01 to 2025-06-30

MARTIN LUTHER KING COMMUNITY CENTER INCORPORATED, founded in 1922, is a community nonprofit in the Recreation & Sports sector that reported $6.4M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 27% operating margin.

Mission

SINCE 1922, MARTIN LUTHER KING COMMUNITY CENTER, INC. (MLKCC) HAS CONTINUED TO EVOLVE IN PROVIDING HIGH QUALITY AND INNOVATIVE PROGRAMMING FOR THE DIVERSE RESIDENTS OF NEWPORT COUNTY. MLKCC SERVES OVER 6,400 DIVERSE CLIENTS ANNUALLY.

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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 $4,997,005

Program Service Revenue $618,555

Investment Income $810,715

Other Revenue $7,687

TOTAL REVENUE $6,433,962

Expense Breakdown

Grants Paid $273,710

Salaries & Benefits $1,736,592

Fundraising Expenses $342,157

Program Expenses $3,920,294

Other Expenses $2,694,732

TOTAL EXPENSES $4,718,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,433,962	$4,371,729	+0.5%
Expenses	$4,718,063	$4,404,420	+0.1%
Net Income	$1,715,899	$-32,691	-53.5%

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

634

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

$226,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER HOLE STROUT	EXECUTIVE DIRECTOR	50.00	Officer	$134,062	$12,220	$146,282
HEATHER LYNCH	DIRECTOR OF FINANCE	40.00	Officer	$77,464	$3,130	$80,594
ALYSON NOVICK	DEVELOPMENT DIRECTOR	40.00	Highest	$103,065	$13,401	$116,466
GAIL ALOFSIN	DIRECTOR	0.50	Director	$0	$0	$0
BETSY BLAIR	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA KNAPP LEBLANC	DIRECTOR	0.50	Director	$0	$0	$0
ROSE HYDER	DIRECTOR	0.50	Director	$0	$0	$0
GENE THOMPSON-GROVE	DIRECTOR	0.50	Director	$0	$0	$0
DAVID D SCHULLER	DIRECTOR	0.50	Director	$0	$0	$0
ORLANDO ZAMBRANO	DIRECTOR	0.50	Director	$0	$0	$0
MARGARET MCGILL	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY HORSEY	CO-SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN ROK	CO-SECRETARY	0.50	Officer Director	$0	$0	$0
KIMBERLY CUMMINS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
WHITNEY C SLADE	PRESIDENT	2.00	Officer 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	$6,433,962	$4,718,063	$19,032,908	$1,715,899
2024	$4,371,729	$4,404,420	$17,015,918	$-32,691
2023	$5,654,221	$3,834,925	$16,752,666	$1,819,296
2022	$11,301,540	$3,418,485	$14,330,533	$7,883,055
2020	$6,210,472	$2,775,089	$6,574,434	$3,435,383
2019	$2,683,982	$2,293,351	$3,044,688	$390,631
2018	$2,198,900	$1,930,464	$2,840,541	$268,436

MARTIN LUTHER KING COMMUNITY CENTER INCORPORATED