MARTIN LUTHER KING SCHOOL 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

1969

Legal Domicile

Principal Officer

JAMKIA GATES-SMITH

Phone

2604234333

Tax Period

2024-08-01 to 2025-07-31

MARTIN LUTHER KING SCHOOL INC, founded in 1969, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 6% surplus.

Mission

TO PROVIDE QUALITY CARE AND EDUCATION THAT FOSTERS THE CHILD'S NATURAL ABILITY TO LEARN WHILE PROMOTING SELF-CONFIDENCE, SOCIAL/COGNITIVE DEVELOPMENT AND INDEPENDENCE. PROVIDE SERVICES TO FAMILIES WHO MAY NOT OTHERWISE AFFORD THE BENEFITS OF QUALITY EARLY CHILDHOOD EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $1,091,054 Revenue: $753,317

ESTABLISHED IN 1968, THE MISSION OF MLKMS IS TO PROVIDE A MONTESSORI EDUCATION TO PRESCHOOL AND LOWER-LEVEL ELEMENTARY GRADE CHILDREN THAT ENRICHES EVERY CHILDS GROWTH, DEVELOPMENT, AND DREAMS. MLKMS HAS EARNED LEVEL 4 (THE HIGHEST) ON THE INDIANA PATHS TO QUALITY RATING SCALES. IT IS ALSO ONE OF THE VERY FEW MONTESSORI SCHOOLS IN THE UNITED STATES TO OFFER A FULL-DAY, FULL-YEAR QUALITY PRESCHOOL WITH TRANSPORTATION, SPEECH THERAPY, AS WELL AS WELLNESS AND DEVELOPMENT SCREENINGS.

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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 $439,851

Program Service Revenue $753,317

Investment Income $89,586

Other Revenue $98,810

TOTAL REVENUE $1,381,564

Expense Breakdown

Grants Paid $70,237

Salaries & Benefits $804,750

Fundraising Expenses $24,555

Program Expenses $1,091,054

Other Expenses $421,269

TOTAL EXPENSES $1,296,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,381,564	$979,299	+0.4%
Expenses	$1,296,256	$1,276,613	+0.0%
Net Income	$85,308	$-297,314	-1.3%

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

$144,447

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETA MCKINNEY PART YEAR	EXECUTIVE DI	40.00	Officer	$75,146	$3,472	$78,618
JAMKIA GATES-SMITH	EXECUTIVE DI	40.00	Officer	$48,697	$17,132	$65,829
ROBERT STAMPER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREA KENDALL PART YEAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
LON BOHNKE PART YEAR	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARCUS NEAL	TREASURER/SE	1.00	Officer Director	$0	$0	$0
MEISHA DONERLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KISHA FILES	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCI MURRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
IRINA RAMIREZ PART YEAR	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL RICKETTS	BOARD MEMBER	1.00	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
2025	$1,381,564	$1,296,256	$3,426,544	$85,308
2024	$979,299	$1,276,613	$3,272,629	$-297,314
2023	$1,242,037	$1,323,726	$3,460,062	$-81,689
2022	$1,572,364	$1,211,292	$3,869,747	$361,072
2021	$990,136	$940,580	$3,589,425	$49,556
2020	$963,731	$1,046,037	$3,374,096	$-82,306
2019	$786,619	$895,534	$3,270,373	$-108,915