MARTIN LUTHER KING JR CENTER 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

1977

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $112,140 Revenue: $112,140

WEST END REVITALIZATION - POWERED BY GRASSROOTS LEADERSHIP, EFFORTS ARE UNDERWAY TO IMPROVE THE WEST END OF ROCK ISLANDS WEALTH, POWER, AND LIVABILITY. GROUPS OF CITIZENS HAVE BEEN IDENTIFYING GOALS, TIMELINES AND MILESTONES AROUND FIVE KEY IMPACT AREAS: COMMUNITY ENGAGEMENT, HOUSING & LAND, ASSETS & INCOME, ECONOMIC VITALITY, AND INFRASTRUCTURE & DESIGN. COMPLEX PROBLEMS REQUIRE COMPREHENSIVE SOLUTIONS. THE WEST END REVITALIZATION IS A LONG-TERM, COLLABORATIVE EFFORT THAT IS DEDICATED TO LONG-TERM, POSITIVE CHANGE. A THREE-YEAR PLAN AND BUDGET WILL BE FINALIZED IN FEBRUARY 2024, AND IMPLEMENTATION WILL BEGIN SOON AFTER.

Program 2

Expenses: $38,494 Revenue: $39,055

THANKSGIVING MEALS - 200 VOLUNTEERS SERVED MORE THAN 6,000 FREE THANKSGIVING MEALS THROUGHOUT THE QUAD CITIES OVER THE COURSE OF THREE DAYS. WITH THE SUPPORT OF CORPORATE SPONSORS WE CONTINUED TO...

THANKSGIVING MEALS - 200 VOLUNTEERS SERVED MORE THAN 6,000 FREE THANKSGIVING MEALS THROUGHOUT THE QUAD CITIES OVER THE COURSE OF THREE DAYS. WITH THE SUPPORT OF CORPORATE SPONSORS WE CONTINUED TO ORDER FOOD THROUGHOUT THE WEEKEND, WHEN WE SAW THAT THE DEMAND EXCEEDED OUR ORIGINAL PLANS.

Program 3

Expenses: $269,069 Revenue: $241,865

PREVENTION SERVICES - OUR THREE PREVENTION SPECIALISTS PROVIDE CLASSROOM- BASED EDUCATION TO 1,809 YOUTH IN ORDER TO PREVENT SUBSTANCE USE AND TEEN PREGNANCY IN THE ROCK ISLAND/MILAN SCHOOL DISTRICT. LESSONS EMPHASIZE SOCIAL-EMOTIONAL LEARNING AND OTHER LIFE SKILLS WHICH ARE MORE ESSENTIAL THAN EVER.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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