MARTIN LUTHER FOUNDATION (EIN 510343096) - 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

1992

Legal Domicile

Principal Officer

KIMBERLY MENDOZA

Phone

3026741408

Tax Period

2023-07-01 to 2024-06-30

MARTIN LUTHER FOUNDATION, founded in 1992, is a small nonprofit in the Religion sector that reported $984K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $861K, a strong 88% operating margin.

Mission

TO SUPPORT APARTMENTS FOR THE ELDERLY IN DOVER, DE.

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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 $759,375

Program Service Revenue $80,535

Investment Income $139,452

Other Revenue $4,359

TOTAL REVENUE $983,721

Expense Breakdown

Grants Paid $41,466

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,270

Other Expenses $80,904

TOTAL EXPENSES $122,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$983,721	$442,858	+1.2%
Expenses	$122,370	$93,072	+0.3%
Net Income	$861,351	$349,786	+1.5%

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

$115,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAZEL M PARTRIDGE	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK MURPHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
RON MORELLA	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA IMPOLLONIA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FOSKETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RUTH P LYON	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR V ANNE STRICKERT	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR CHARLES RANSDELL	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY MENDOZA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$5,345	$115,197

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
2025	No data	No data	No data	No data
2024	$983,721	$122,370	$4,864,555	$861,351
2023	$442,858	$93,072	$3,933,784	$349,786
2022	$343,969	$41,855	$3,576,386	$302,114
2021	$69,073	$129,765	$3,290,745	$-60,692
2020	$97,983	$58,172	$3,356,778	$39,811
2019	$372,763	$75,181	$3,301,866	$297,582

MARTIN LUTHER FOUNDATION