MADAM WALKER LEGACY CENTER INC FKA MADAME WALKER URBAN LIFE CENTER (EIN 310970108) - 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

1979

Legal Domicile

Principal Officer

KRISTIAN LITTLE STRICKLEN

Phone

3172362099

Tax Period

2024-07-01 to 2025-06-30

MADAM WALKER LEGACY CENTER INC FKA MADAME WALKER URBAN LIFE CENTER, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MADAM WALKER LEGACY CENTER WAS ORGANIZED TO RESTORE, RENOVATE, MAINTAIN, OPERATE AND LEASE SPACE IN THE WALKER BUILDING WHICH IS USED FOR EDUCATIONAL, CHARITABLE, HISTORICAL AND CULTURAL PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $831,113

Program Service Revenue $429,626

Investment Income $330,695

Other Revenue $145,037

TOTAL REVENUE $1,736,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $568,993

Fundraising Expenses $56,899

Program Expenses $910,624

Other Expenses $1,368,231

TOTAL EXPENSES $1,937,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,736,471	$8,598,518	-0.8%
Expenses	$1,937,224	$1,950,028	0.0%
Net Income	$-200,753	$6,648,490	-1.0%

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

125

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
JOYCE ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
LACY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CAMY BROEKER	DIRECTOR	1.00	Director	$0	$0	$0
JARNELL BURKS-CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
SHARNELL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CLAYTON MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GAHL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SHREWSBERRY	SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLE WILSON	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
ALEESIA JOHNSON	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
CRYSTAL BABB	DIRECTOR	1.00	Director	$0	$0	$0
DEWAYNE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
MONICA COUSIN	TREASURER	1.00	Officer Director	$0	$0	$0
DEANA HAWORTH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES POORE	DIRECTOR	1.00	Director	$0	$0	$0
LATOYA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTIAN LITTLE STRICKLEN	ENTITY PRESIDENT	40.00	Highest	$125,244	$0	$125,244

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
2025	$1,736,471	$1,937,224	$22,992,376	$-200,753
2024	No data	No data	No data	No data
2023	$1,412,134	$1,962,369	$17,250,695	$-550,235
2022	$3,325,011	$2,552,291	$11,371,795	$772,720
2022	$3,325,011	$2,567,482	$11,371,795	$757,529
2021	$1,800,443	$8,469,177	$11,815,867	$-6,668,734
2020	$10,086,906	$540,735	$19,002,152	$9,546,171
2019	$3,753,142	$498,375	$9,270,740	$3,254,767
2018	$726,656	$907,133	$6,182,197	$-180,477

MADAM WALKER LEGACY CENTER INC FKA MADAME WALKER URBAN LIFE CENTER