FRIENDS OF MARTIN LUTHER KING JR CHARTER SCHOOL OF EXCELLENCE INC (EIN 203363691) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

KENDRA SALVADOR

Phone

4132147806

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF MARTIN LUTHER KING JR CHARTER SCHOOL OF EXCELLENCE INC, founded in 2005, is a small nonprofit in the Education sector that reported $414K in total revenue in fiscal year 2024. The organization ran a surplus of $139K, a strong 34% operating margin.

Mission

PROVIDED A FACILITY FOR MARTIN LUTHER KING JR. CHARTER SCHOOL OF EXCELLENCE AND RECEIVED AND TRANSFERRED PRIVATE GRANTS AND DONATIONS TOTHE SCHOOL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,076

Program Service Revenue $397,000

Investment Income $32

Other Revenue $297

TOTAL REVENUE $414,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $269,444

Other Expenses $275,135

TOTAL EXPENSES $275,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,405	$397,949	+0.0%
Expenses	$275,135	$280,414	0.0%
Net Income	$139,270	$117,535	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$157,083

Total Directors

$157,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENDRA SALVADOR	PRESIDENT	1.00	Officer Director	$0	$1,023	$157,083
CYNTHIA MARIE	TREASURER AND CLERK	1.00	Officer Director	$0	$0	$0
JOSEPH FORD	DIRECTOR	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
2025	$414,405	$275,135	$3,894,335	$139,270
2024	$397,949	$280,414	$4,020,498	$117,535
2023	$367,135	$289,188	$4,157,327	$77,947
2022	$361,419	$278,720	$4,348,978	$82,699
2021	$364,510	$277,315	$4,476,123	$87,195
2020	$382,829	$284,365	$4,614,878	$98,464
2019	$395,109	$330,108	$4,757,493	$65,001

FRIENDS OF MARTIN LUTHER KING JR CHARTER SCHOOL OF EXCELLENCE INC