THE MARTIN LUTHER KING MULTI-PURPOSE CENTER INC (EIN 133018398) - 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

1978

Legal Domicile

Principal Officer

NATHAN MUNGIN III

Phone

8454258910

Tax Period

2024-04-01 to 2025-03-31

THE MARTIN LUTHER KING MULTI-PURPOSE CENTER INC, founded in 1978, is a small nonprofit in the Human Services sector that reported $815K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

The mission of The Martin Luther King Multi-Purpose Center is to provide supplemental education, health, cultural, social and recreational programs that empower children, adults, and elders to achieve personal success.

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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 $772,359

Program Service Revenue $46,436

Investment Income $0

Other Revenue $-3,492

TOTAL REVENUE $815,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $383,675

Fundraising Expenses $29,134

Program Expenses $754,079

Other Expenses $465,815

TOTAL EXPENSES $849,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$815,303	$985,439	-0.2%
Expenses	$849,490	$1,022,023	-0.2%
Net Income	$-34,187	$-36,584	-0.1%

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

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

$82,000

Total Directors

$82,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN MUNGIN III	EXECUTIVE DIRECTOR	040.00	Officer Director	$82,000	$0	$82,000
DARCY CASTELEIRO	DIRECTOR	N/A	Director	$0	$0	$0
ELONA J COLLINS	PARLIAMENTARIAN	N/A	Director	$0	$0	$0
ANGIE DESPINASSE-WALTON	DIRECTOR	N/A	Director	$0	$0	$0
WAYNE D ESANNASON	LEGAL ADVISOR	001.00	Director	$0	$0	$0
MICHAEL A GONZALEZ	DIRECTOR	001.00	Director	$0	$0	$0
DORIA HILLSMAN	DIRECTOR	N/A	Director	$0	$0	$0
DR ELIZABETH JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
NATALIE JOSEPH	DIRECTOR	N/A	Director	$0	$0	$0
LISA KAESS	CO-PRESIDENT	001.00	Officer Director	$0	$0	$0
MILCA MEYER	DIRECTOR	N/A	Director	$0	$0	$0
DEVON J PRICLEAU	DIRECTOR	N/A	Director	$0	$0	$0
DR ZENYA RICHARDSON	DIRECTOR	N/A	Director	$0	$0	$0
TERRY RODRIGUEZ	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA ROSS	SECRETARY	001.00	Officer Director	$0	$0	$0
DEBORAH SCOTT	DIRECTOR	N/A	Director	$0	$0	$0
SHERRY SCOTT	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH SMITH	CO-PRESIDENT	001.00	Officer Director	$0	$0	$0
JOE SOLAN	TREASURER	002.00	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	$815,303	$849,490	$3,150,415	$-34,187
2024	$985,439	$1,022,023	$3,472,423	$-36,584
2023	$472,023	$586,023	$361,228	$-114,000
2022	$562,497	$445,082	$488,940	$117,415
2021	$415,058	$308,926	$405,722	$106,132
2020	$614,214	$514,187	$375,037	$100,027
2019	$580,925	$542,312	$221,279	$38,613

THE MARTIN LUTHER KING MULTI-PURPOSE CENTER INC