MARTIN LUTHER KING SCHOOL INC

EIN: 351161409 501(c)(3)

FORT WAYNE, IN

Total Revenue
$1,381,564
Total Expenses
$1,296,256
Total Assets
$3,426,544
Net Assets
$3,393,527
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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
IN
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

MLKMS PROVIDES A MONTESSORI EDUCATION TO UP TO 100 PRESCHOOL CHILDREN FROM LOW INCOME FAMILIES THAT ENRICHES THE CHILD'S GROWTH, DEVELOPMENT AND DREAMS.

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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 (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

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Governance

Voting Members
6
Independent Members
6
Employees
28
Volunteers
40

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
6
$144,447
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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