DR MARTIN LUTHER KING PARADE FOUNDATION INC

EIN: 465177120 501(c)(3) Education

TAMPA, FL

Total Revenue
$360,744
Total Expenses
$376,316
Total Assets
$125,336
Net Assets
$102,904
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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
2018
Legal Domicile
FL
Principal Officer
HOWARD HARRIS
Phone
8134043039
Tax Period
2024-01-01 to 2024-12-31

DR MARTIN LUTHER KING PARADE FOUNDATION INC, founded in 2018, is a small nonprofit in the Education sector that reported $361K in total revenue in fiscal year 2024.

Mission

To honor the life and legacy of Dr. Martin Luther King Jr. while providing for residents, businesses, and community organizations to unite, gain valua exposure, and promote education and equality throughout the Tampa area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $360,744
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $360,744

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,280
Fundraising Expenses $5,114
Program Expenses $140,280
Other Expenses $274,036
TOTAL EXPENSES $376,316

Year-over-Year Comparison

2024 2023 Change
Revenue $360,744 $337,891 +0.1%
Expenses $376,316 N/A N/A
Net Income $-15,572 $337,891 -1.0%
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
N/A
Independent Members
N/A
Employees
N/A
Volunteers
8

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD HARRIS VICE PRESIDENT 000.00
$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 $360,744 $376,316 $125,336 $-15,572
2023 $337,891 $356,234 $106,950 $-18,343
2022 $198,665 $280,657 $100,280 $-81,992
2021 $216,660 $180,010 $132,882 $36,650
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