MARTIN LUTHER KING JR MEMORIAL SCHOLARSHIP COMMITTEE (EIN 232511771) - 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

1982

Legal Domicile

Phone

7172950515

Tax Period

2023-01-01 to 2023-12-31

MARTIN LUTHER KING JR MEMORIAL SCHOLARSHIP COMMITTEE, founded in 1982, is a small nonprofit in the Education sector that reported $288K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 23% operating margin.

Mission

AWARD SCHOLARSHIPS TO COLLEGE BOUND HIGH SCHOOL SENIORS

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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 $259,656

Program Service Revenue $0

Investment Income $18,253

Other Revenue $10,497

TOTAL REVENUE $288,406

Expense Breakdown

Grants Paid $211,711

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $215,218

Other Expenses $10,298

TOTAL EXPENSES $222,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,406	$202,900	+0.4%
Expenses	$222,009	$213,682	+0.0%
Net Income	$66,397	$-10,782	-7.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BECKY GRUBE	CO-CHAIR	1.00	Officer Director	$0	$0	$0
JUNE MOUZON-BYERS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MELINDA WELLS	TRUSTEE	1.00	Director	$0	$0	$0
MARY NOVAK	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY FORSTER	CO-TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH FORSTER	CO-TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL BRUMBACH	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW COONAN	TRUSTEE	1.00	Director	$0	$0	$0
ALLEN HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
NANCY VAL KAMBOUROGLOS	TRUSTEE	1.00	Director	$0	$0	$0
THELMELIS ABREU	TRUSTEE	1.00	Director	$0	$0	$0
PAM MCCARTY	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN DINNOCENTI	TRUSTEE	1.00	Director	$0	$0	$0
LAKEESHA BAIR-MYERS	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN GARAFOLA	TRUSTEE	1.00	Director	$0	$0	$0
ORYSELL CORDERO SANTANA	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS VERONIS	TRUSTEE	1.00	Director	$0	$0	$0
YARLYN ROSARIO	TRUSTEE	1.00	Director	$0	$0	$0
APRIL GARRETT RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN SHOFF	TRUSTEE	1.00	Director	$0	$0	$0
JUNE HELLER	TRUSTEE	1.00	Director	$0	$0	$0
LOURDES VASQUEZ	TRUSTEE	1.00	Director	$0	$0	$0
KARLA VERKOUW	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD WILLARD III	TRUSTEE	1.00	Director	$0	$0	$0
QUINTIN OWENS	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER PAHL	TRUSTEE	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	$288,406	$222,009	$613,193	$66,397
2022	$202,900	$213,682	$546,796	$-10,782
2021	$317,043	$258,947	$557,578	$58,096
2020	$296,172	$194,213	$499,482	$101,959

MARTIN LUTHER KING JR MEMORIAL SCHOLARSHIP COMMITTEE