MARTIN LUTHER KING KITCHEN FOR (EIN 341053690) - 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

1970

Legal Domicile

Principal Officer

HARVEY SAVAGE

Phone

4192412596

Tax Period

2024-01-01 to 2024-12-31

MARTIN LUTHER KING KITCHEN FOR, founded in 1970, is a small nonprofit that reported $617K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $690K exceeded revenue, resulting in a 12% operating deficit.

Mission

Feeding the indigent, referring the indigent to other outreach programs for additional assistance Also provides programs for the youth to keep them off the streets

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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 $604,671

Program Service Revenue $0

Investment Income $11,851

Other Revenue $0

TOTAL REVENUE $616,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $260,663

Fundraising Expenses $19,073

Program Expenses $634,181

Other Expenses $429,311

TOTAL EXPENSES $689,974

Year-over-Year Comparison

	2024	2023	Change
Revenue	$616,522	$683,626	-0.1%
Expenses	$689,974	$670,117	+0.0%
Net Income	$-73,452	$13,509	-6.4%

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

N/A

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

$47,020

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Sweich	SECRETARY	3	Officer Director	$0	$0	$0
MARIO GOVEIA	TREASURER	4	Officer Director	$0	$0	$0
JOHN SAVAGE	MEMBER	2	Director	$0	$0	$0
Taylor Savage	VICE PRES	3	Officer Director	$0	$0	$0
JOHN CHAPMAN	mEMBER	2	Director	$0	$0	$0
TYNEKA FORREST	PRESIDENT	4	Officer Director	$0	$0	$0
ANGEL HURNS	MEMBER	2	Director	$0	$0	$0
KATHI TAUB	MEMBER	2	Director	$0	$0	$0
KATHLEEN BALDO	MEMBER	2	Director	$0	$0	$0
HARVEY SAVAGE	EXEC DIRECTOR	40	Key Emp	$47,020	$0	$47,020

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	$616,522	$689,974	$578,417	$-73,452
2023	$683,626	$670,117	$713,616	$13,509
2022	$724,350	$705,712	$777,857	$18,638
2021	$571,217	$525,671	$677,380	$45,546
2020	$592,119	$428,212	$634,954	$163,907
2019	$531,993	$513,128	$441,828	$18,865
2018	$647,552	$489,041	$438,248	$158,511

MARTIN LUTHER KING KITCHEN FOR