MARTIN LUTHER KING JR PARADE FOUNDATION

EIN: 251921911 501(c)(3) Philanthropy & Grantmaking

Houston, TX

Total Revenue
$55,499
Total Expenses
$46,153
Total Assets
$221,317
Net Assets
$221,317
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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
1975
Legal Domicile
TX
Tax Period
2019-01-01 to 2019-12-31

MARTIN LUTHER KING JR PARADE FOUNDATION, founded in 1975, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $55K in total revenue in fiscal year 2019. The organization ran a surplus of $9K, a strong 17% operating margin.

Mission

PARTNERSHIP WITH HARRIS COUNTY SCHOOL AND BAND PROGRAMS, IMPLEMENTATION OF ANNUAL MLK JR PARADE, PRATICIPATION IN COUNTY WIDE MLK JR CANDLELIGHT VIGIL, IMPLEMENTATION OF SUMMER STEMS PROJECT FOR TITLE 1

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $55,499
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $55,499

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,695
Fundraising Expenses $0
Program Expenses $46,153
Other Expenses $31,458
TOTAL EXPENSES $46,153

Year-over-Year Comparison

2019 2018 Change
Revenue $55,499 $55,499 N/A
Expenses $46,153 $46,153 N/A
Net Income $9,346 $9,346 N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAMUEL THOMAS TREASURER 4.00
Officer
$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
2019 $55,499 $46,153 $221,317 $9,346
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