THE MEMORIAL FOUNDATION 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

2012

Legal Domicile

Principal Officer

HARRY JOHNSON SR

Phone

2027375420

Tax Period

2023-01-01 to 2023-12-31

THE MEMORIAL FOUNDATION INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $984K in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 36% operating deficit.

Mission

THE MEMORIAL FOUNDATION'S MISSION IS TO PROMOTE AWARENESS OF THE MARTIN LUTHER KING JR. MEMORIAL LOCATED IN WASHINGTON,D.C. AND THE TENETS OF DEMOCRACY; CREATE INNOVATIVE EDUCATIONAL PROGRAMS; PROVIDE OPPORTUNITIES FOR MEANINGFUL EXCHANGE OF IDEAS;HONOR INDIVIDUALS WHO IMPLEMENT THE FOUR TENTS; AND TO ENCOURAGE TRAFFIC TO AN UPKEEP OF THE MARTIN LUTHER KING JR. MEMORIAL

Program Service Accomplishments

Program 1

Expenses: $893,439

THE MEMORIAL FOUNDATION PLANNED, ORGANIZED, AND HOSTED SEVERAL EVENTS AND PROGRAMS TO PROMOTE AWARENESS OF THE MARTIN LUTHER KING MEMORIAL AND ITS IMPORTANCES IN AMERICAN HISTORY AND THE EDUCATION OF...

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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 $983,780

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $983,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $525,301

Fundraising Expenses $146,490

Program Expenses $893,439

Other Expenses $713,713

TOTAL EXPENSES $1,338,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$983,780	$1,794,317	-0.5%
Expenses	$1,338,764	$1,585,103	-0.2%
Net Income	$-354,984	$209,214	-2.7%

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

N/A

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

$649,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY JOHNSON SR	PRESIDENT AN	40.00	Officer	$622,604	$27,000	$649,604
JAMES SIMMONS	FINANCE MANA	40.00	Highest	$103,476	$0	$103,476
MICHAEL BENNETT	DIRECTOR	0.50	Director	$0	$0	$0
KEN BENTSEN	DIRECTOR	0.50	Director	$0	$0	$0
JOE BINES	DIRECTOR	0.50	Director	$0	$0	$0
ZAFAR BROOKS	DIRECTOR	0.50	Director	$0	$0	$0
LA DAVIA DRANE	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS JAHRLING	DIRECTOR	0.50	Director	$0	$0	$0
REV JOE RATLIFF JR	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM PICKARD	DIRECTOR	0.50	Director	$0	$0	$0
RITA SAMPSON	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA SHIPPY	DIRECTOR	0.50	Director	$0	$0	$0
GUY VICKERS	BOARD CHAIRM	2.00	Officer Director	$0	$0	$0
LARRY YOUNG	DIRECTOR	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	$983,780	$1,338,764	$1,035,555	$-354,984
2022	$1,794,317	$1,585,103	$2,013,420	$209,214
2022	$1,794,317	$1,585,103	$2,013,420	$209,214
2022	$1,794,317	$1,585,103	$2,013,420	$209,214
2021	$3,723,853	$2,403,739	$1,841,102	$1,320,114
2020	$1,264,620	$812,018	$557,728	$452,602
2019	$422,365	$691,827	$20,833	$-269,462
2018	$291,448	$653,097	$12,181	$-361,649