FRIENDS OF MLK

EIN: 474968227 501(c)(3) Community Improvement

Davenport, IA

Total Revenue
$400,979
Total Expenses
$55,620
Total Assets
$500,513
Net Assets
$500,513
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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
2020
Legal Domicile
IA
Principal Officer
RYAN SADDLER
Phone
5635705927
Tax Period
2022-07-01 to 2023-06-30

FRIENDS OF MLK, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $401K in total revenue in fiscal year 2022. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $345K, a strong 86% operating margin.

Mission

EMPOWER AND ENCORAGE THE QC AREA TO PRATICE THE CIVIL AND HUMAN RIGHTS FOR ALL RACES COLOR AND CREEDS AS EXEMPLIFIED BY THE REVEREND

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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 (2022)

Revenue Breakdown

Contributions & Grants $395,656
Program Service Revenue $0
Investment Income $13
Other Revenue $5,310
TOTAL REVENUE $400,979

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $16,073
Program Expenses $7,480
Other Expenses $39,547
TOTAL EXPENSES $55,620

Year-over-Year Comparison

2022 2021 Change
Revenue $400,979 $161,142 +1.5%
Expenses $55,620 $36,097 +0.5%
Net Income $345,359 $125,045 +1.8%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN SADDLER CEO N/A
Officer
$0 $0 $0
MICHAEL GUSTER COO N/A
Officer
$0 $0 $0
CHARLENE UPCHURCH-TAYLOR DIRECTOR N/A
Director
$0 $0 $0
KIAJUANA LAWTON DIRECTOR N/A
Director
$0 $0 $0
SHIRTEEN MARTIN DIRECTOR N/A
Director
$0 $0 $0
VERA KELLY DIRECTOR N/A
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
2023 $400,979 $55,620 $500,513 $345,359
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