THE KINGS ENTERPRISES INC

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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

2010

Legal Domicile

Phone

7043751990

Tax Period

2023-01-01 to 2023-12-31

THE KINGS ENTERPRISES INC, founded in 2010, is a community nonprofit in the Employment sector that reported $2.3M in total revenue in fiscal year 2023.

Mission

"THE KING'S KITCHEN" WILL OPERATE AS A PUBLIC RESTAURANT, SERVING LOCAL, HEALTHY, SOUTHERN CUISINE AND THE PROFITS AND PROCEEDS FROM "THE KING'S KITCHEN" WILL GO TOWARD FEEDING THE POOR. IN ADDITION, "THE KING'S KITCHEN" WILL ALSO OPERATE "THE KING'S KITCHEN RESTORATION PROGRAM." THE PROGRAM IS A FIVE-PART TRAINING PROGRAM TO EMPLOY, TRAIN, AND MINISTER THE GOSPEL OF JESUS CHRIST TO HOMELESS, THE POOR, TROUBLED YOUTH, REHAB GRADUATES AND OTHER MEMBERS OF OUR COMMUNITY WHO ARE IN NEED OF EMPLOYMENT. "THE KING'S KITCHEN" WILL OPERATE IN THE SPIRIT OF EXCELLENCE BY TRAINING AND EQUIPPING THE WHOLE MAN (SPIRIT, SOUL, AND BODY) THEREBY SENDING OUT DEVELOPED LEADERS INTO OUR COMMUNITY. THIS WILL BE DONE BY WORKING TOGETHER WITH OTHER LOCAL MINISTRIES, BUSINESSES, NON-PROFITS, AND PEOPLE OF FAITH.

Program Service Accomplishments

Program 1

Expenses: $2,306,349 Revenue: $2,138,172

Various programs/services Feeding Program We fed an average of 648 people per week for a total 33,703 meals for the year. We provided a quality and balanced meal for lunch and dinner. Details of the various programs and ministries supported follow. We provided an average of 38 weekly meals to Hickory Grove Housing. We served an average of 172 hot dogs every Friday night as part of our street ministry to the homeless. We provided 8,507 meals for people attending church services and/or bible study. We provided a local Food Pantry and have served meals to other local ministries as needs arise. The King's Kitchen Restoration Job Training Program As mentioned in our mission statement, the restoration program's goal is to train people in the trades of the restaurant industry. What is unique about our program from others in the area is the real world experience combined with a Christian ministry. Restoring Place Church and the Charlotte Mecklenburg Dream Center underwrite the ministry for all training programs and bible studies in addition to mentoring the participants. The wages paid the participants from King's Kitchen and the cost of restaurant management is included in salaries and wages expense. Number of clients served in a year: Feeding Program - We served 33,703 meals through the feeding programs noted above. The King's Kitchen Restoration Program The program lasts approximately a year. Two people were trained in 2023.

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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 $203,807

Program Service Revenue $2,131,784

Investment Income $0

Other Revenue $6,388

TOTAL REVENUE $2,341,979

Expense Breakdown

Grants Paid $195,107

Salaries & Benefits $868,990

Fundraising Expenses $0

Program Expenses $2,306,349

Other Expenses $1,337,610

TOTAL EXPENSES $2,401,707

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,341,979	$2,292,894	+0.0%
Expenses	$2,401,707	$2,365,484	+0.0%
Net Income	$-59,728	$-72,590	-0.2%

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

108

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Treasurer	5.0	Officer Director	$0	$0	$0
N/A	President	20.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	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
2023	$2,341,979	$2,401,707	$275,734	$-59,728
2022	$2,292,894	$2,365,484	$246,296	$-72,590
2021	$1,064,021	$1,215,104	$205,555	$-151,083
2020	$1,059,907	$1,374,579	$162,935	$-314,672
2019	$1,826,741	$1,885,595	$219,413	$-58,854
2018	$2,019,216	$1,975,297	$222,171	$43,919