MLK FAMILY ARTS MENTORING (EIN 274652745) - 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

2011

Legal Domicile

Principal Officer

MABEL ALEXANDER

Phone

2062575465

Tax Period

2023-01-01 to 2023-12-31

MLK FAMILY ARTS MENTORING, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $324K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $299K left a modest 8% surplus.

Mission

TO PROVIDE FACILITIES FOR RESIDENTS OF KING CNTY TO DEVELOP PROMOTE SOCIAL CULTURAL ECONOMIC COMMUNITY SVC FOR ALL AGES THRU PROGRAMS

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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 $89,052

Program Service Revenue $190,073

Investment Income $486

Other Revenue $44,460

TOTAL REVENUE $324,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,247

Fundraising Expenses $0

Program Expenses $296,699

Other Expenses $204,975

TOTAL EXPENSES $299,222

Year-over-Year Comparison

	2023	2022	Change
Revenue	$324,071	$269,875	+0.2%
Expenses	$299,222	$300,486	0.0%
Net Income	$24,849	$-30,611	-1.8%

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

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
MABEL ALEXANDER	BOARD PRESIDENT	N/A	Officer Director	$0	$0	$0
FRANCES STEPHENS	DIRECTOR AND BOARD VP	N/A	Officer Director	$0	$0	$0
IVA TOLLIVER	TREASURER	N/A	Officer Director	$0	$0	$0
BETTYE SCOTT	BOARD ASST REC SEC	N/A	Officer Director	$0	$0	$0
PASTOR CAREY G ANDERSON	BOARD MEMBER	N/A	Director	$0	$0	$0
DR NORWOOD BROOKS	BOARD ADVISOR	N/A	Director	$0	$0	$0
BOBBY BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
BERTRAM WILLIAMS JR	BOARD MEMBEREXEC DIR	N/A	Officer 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	$324,071	$299,222	$2,431,228	$24,849
2022	$269,875	$300,486	$2,399,102	$-30,611
2021	$339,669	$360,240	$2,410,477	$-20,571
2020	$307,829	$295,581	$2,461,394	$12,248
2019	$386,827	$464,587	$2,447,934	$-77,760
2018	$378,611	$337,670	$2,521,508	$40,941

MLK FAMILY ARTS MENTORING