MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION (EIN 391809548) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

NICOLE ROBBINS

Phone

4142645000

Tax Period

2023-01-01 to 2023-12-31

MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $966K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Net assets of $10.2M represent 127 months of operating reserves.

Mission

TO REBUILD THE HARAMBEE COMMUNITY

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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 $0

Program Service Revenue $633,570

Investment Income $29,427

Other Revenue $302,736

TOTAL REVENUE $965,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,611

Fundraising Expenses $0

Program Expenses $943,791

Other Expenses $861,074

TOTAL EXPENSES $1,061,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$965,733	$1,169,611	-0.2%
Expenses	$1,061,685	$1,117,124	0.0%
Net Income	$-95,952	$52,487	-2.8%

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

$80,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM MILNER	DIRECTOR	1.00	Director	$0	$0	$0
LAMARR FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
MARCELLIUS BROWN	DIRECTOR	1.00	Director	$0	$0	$0
GENYNE EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
KEN LITTLE	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT ISABELL	DIRECTOR	1.00	Director	$0	$0	$0
MCARTHUR WEDDLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLARENCE HILL	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN NEWELL	DIRECTOR	1.00	Director	$0	$0	$0
CLIFTON PHELPS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE ROBBINS	EXECUTIVE DIRECTOR	20.00	Officer	$80,000	$0	$80,000

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	$965,733	$1,061,685	$13,155,955	$-95,952
2022	$1,169,611	$1,117,124	$13,094,688	$52,487
2021	$1,119,485	$1,416,431	$18,343,103	$-296,946
2020	$1,845,186	$1,365,240	$18,670,070	$479,946
2019	$1,049,434	$1,231,731	$17,418,390	$-182,297
2018	$3,269,197	$1,100,120	$17,521,343	$2,169,077

MARTIN LUTHER KING ECONOMIC DEVELOPMENT CORPORATION