MARTIN LUTHER KING JR CENTER INC

EIN: 363100490 501(c)(3) Youth Development

ROCK ISLAND, IL

Total Revenue
$1,944,613
Total Expenses
$1,640,478
Total Assets
$1,681,835
Net Assets
$495,757
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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
1977
Legal Domicile
IL
Principal Officer
MICHAEL GLANZ
Phone
3097322997
Tax Period
2023-01-01 to 2023-12-31

MARTIN LUTHER KING JR CENTER INC, founded in 1977, is a community nonprofit in the Youth Development sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $304K, a strong 16% operating margin.

Mission

THE KING CENTER INSPIRES GREATNESS IN THE QUAD CITIES THROUGH COMMUNITY- BUILDING, SERVICE AND EDUCATION. OUR VISION IS A THRIVING BELOVED COMMUNITY ROOTED IN EQUITY, JUSTICE AND RESPECT FOR ONE ANOTHER.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,803,109
Program Service Revenue $117,329
Investment Income $24,175
Other Revenue $0
TOTAL REVENUE $1,944,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $937,833
Fundraising Expenses $76,161
Program Expenses $990,348
Other Expenses $702,645
TOTAL EXPENSES $1,640,478

Year-over-Year Comparison

2023 2022 Change
Revenue $1,944,613 $1,607,926 +0.2%
Expenses $1,640,478 $1,707,086 0.0%
Net Income $304,135 $-99,160 -4.1%
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
11
Independent Members
11
Employees
10
Volunteers
285

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAYLA BABERS MEMBER 0.50
Director
$0 $0 $0
LINDA BARNES TREASURER 0.75
Officer Director
$0 $0 $0
AIMEE BLAND VICE CHAIR 0.75
Officer Director
$0 $0 $0
MICHAEL GLANZ BOARD CHAIR 0.75
Officer Director
$0 $0 $0
HEIDI HUISKAMP-COLLINS DIRECTOR 0.50
Director
$0 $0 $0
JESSEY HULLON DIRECTOR 0.50
Director
$0 $0 $0
JAMES JONES DIRECTOR 0.50
Director
$0 $0 $0
MOSES ROBINSON MEMBER 0.50
Director
$0 $0 $0
MONICA SMITH MEMBER 0.50
Director
$0 $0 $0
KAI SWANSON MEMBER 0.50
Director
$0 $0 $0
TAMEKA TONEY MEMBER 0.50
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 $1,944,613 $1,640,478 $1,681,835 $304,135
2022 $1,607,926 $1,707,086 $1,545,429 $-99,160
2021 $1,503,449 $1,272,106 $1,570,118 $231,343
2020 $1,141,612 $1,027,865 $844,067 $113,747
2019 $1,051,405 $1,042,142 $455,464 $9,263
2018 $708,352 $925,557 $775,465 $-217,205
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