The Kings Daughters and Sons of Mi… - Form 990 Financial Data

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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

1948

Legal Domicile

Principal Officer

Marcelle Molzahn

Phone

9898595775

Tax Period

2021-01-01 to 2021-12-31

The Kings Daughters and Sons of Midland Inc, founded in 1948, is a micro nonprofit that reported $48K in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 100% operating deficit.

Mission

To provide clothing and college scholarships to need based Midland County residents.

Program Service Accomplishments

Program 1

Expenses: $7,089 Revenue: $0

Back to School Closet Gift certificates for clothing to local school principals or counselors for emergency situations throughout the school year

Program 2

Expenses: $67,193 Revenue: $171

Community Christmas Closet - To provide clothing to children who live in Midland or go to school in Midland County

Program 3

Expenses: $21,000 Revenue: $0

College Scholarships - Based on merit and financial need to local students

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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 (2021)

Revenue Breakdown

Contributions & Grants $47,725

Program Service Revenue $638

Investment Income $13

Other Revenue $0

TOTAL REVENUE $48,376

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,282

Other Expenses $75,848

TOTAL EXPENSES $96,848

Year-over-Year Comparison

	2021	2020	Change
Revenue	$48,376	$185,700	-0.7%
Expenses	$96,848	$77,565	+0.2%
Net Income	$-48,472	$108,135	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann DeBoer	President	2.00	Director	$0	$0	$0
Kathy Wolf	Secretary	2.00	Director	$0	$0	$0
Marcelle Molzahn	Treasurer	2.00	Director	$0	$0	$0
Linda Hutchison	Vice President	2.00	Director	$0	$0	$0
Dorothy Peters	Membership Secretary	2.00	Director	$0	$0	$0
Amy Nehil	Board Member	1.00	Director	$0	$0	$0
Ann O'Connell	Board Member	1.00	Director	$0	$0	$0
Jan Samaik	Board Member	1.00	Director	$0	$0	$0
Ellen MacLaughlin	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
2021	$48,376	$96,848	$587,058	$-48,472
2020	$185,700	$77,565	$587,733	$108,135

The Kings Daughters and Sons of Midland Inc