THE KINGS ENTERPRISES INC

EIN: 272900928 501(c)(3) Employment

Charlotte, NC

Total Revenue
$2,341,979
Total Expenses
$2,401,707
Total Assets
$275,734
Net Assets
$-673,534
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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
NC
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

To feed the homeless and provide a job training program through a public restaurant.

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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 (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

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Governance

Voting Members
5
Independent Members
3
Employees
108
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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