M STREET CENTER

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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

1991

Legal Domicile

Principal Officer

PATRICIA ROSE

Phone

2023127140

Tax Period

2023-10-01 to 2024-09-30

M STREET CENTER, founded in 1991, is a small nonprofit in the Education sector that reported $658K in total revenue in fiscal year 2023. Expenses of $833K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO TRANSFORM THE HISTORIC M STREET SCHOOL INTO A THRIVING HUB OF BLACK CULTURAL EXCELLENCE BY MOBILIZING COMMUNITY PARTNERSHIPS, PRESERVING HISTORY, AND FOSTERING CREATIVE EXPRESSION.

Program Service Accomplishments

Program 1

Expenses: $571,437 Revenue: $459,231

M STREET CENTER IS DEDICATED TO THE HOLISTIC BETTERMENT OF OUR COMMUNITY THROUGH PROGRAM AREAS THAT CREATE POSITIVE, LASTING CHANGE FOR THE COMMUNITY WE SERVE AS A VITAL HUB FOR DIVERSE NONPROFIT...

M STREET CENTER IS DEDICATED TO THE HOLISTIC BETTERMENT OF OUR COMMUNITY THROUGH PROGRAM AREAS THAT CREATE POSITIVE, LASTING CHANGE FOR THE COMMUNITY WE SERVE AS A VITAL HUB FOR DIVERSE NONPROFIT COMMUNITY SERVICE PROVIDERS, WE ARE WORKING TO UPGRADE AND RENOVATE OUR FACILITY TO EXPAND RESOURCES AND AMPLIFY THE IMPACT OF THESE ORGANIZATIONS IN ADDRESSING THE COMMUNITY'S EVOLVING NEEDS, AND WE ARE NOW WORKING ON PRESERVING THE HISTORIC AND CULTURAL SIGNIFICANCE OF THE HISTORIC LANDMARK BUILDING THAT WE OCCUPY, M STREET HIGH SCHOOL, THE FIRST PUBLICLY FUNDED HIGH SCHOOL FOR AFRICAN AMERICANS IN THE COUNTRY, OPENED IN 1891, THROUGH THE FOLLOWING ACTIVITIES: CELEBRATING M STREET - ELEVATES M STREET'S HISTORY AS THE FIRST PUBLIC HIGH SCHOOL FOR AFRICAN AMERICANS THROUGH PUBLIC ENGAGEMENT, ALIGNING COMMUNITY PRIDE WITH EDUCATION AND HISTORICAL PRESERVATION.M STREET YOUTH ADVISORY COUNCIL - THE M STREET YOUTH ADVISORY COUNCIL BUILDS FOUNDATIONAL COMMUNITY CONNECTIONS AND YOUTH-LED INITIATIVES TO INSPIRE FUTURE LEADERS WHILE HONORING M STREET'S LEGACY BY ENGAGING LOCAL HIGH SCHOOL STUDENTS IN LEADERSHIP DEVELOPMENT, COMMUNITY SERVICE, AND CULTURAL PROJECTS. CAPITAL CAMPAIGN TO RENOVATE THE BUILDING - REJUVENATES THE PERRY CENTER INTO A BLACK CULTURAL SPACE OF EXCELLENCE, ESTABLISHING IT AS A SUSTAINABLE, COMMUNITY-CENTERED MODEL FOR HISTORIC PRESERVATION.

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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 $198,612

Program Service Revenue $459,231

Investment Income $0

Other Revenue $0

TOTAL REVENUE $657,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,215

Fundraising Expenses $113,986

Program Expenses $571,437

Other Expenses $632,337

TOTAL EXPENSES $832,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$657,843	$616,715	+0.1%
Expenses	$832,552	$902,214	-0.1%
Net Income	$-174,709	$-285,499	-0.4%

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

$174,298

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN BROYLES	CHAIR	3.00	Officer Director	$0	$0	$0
CHRISTOPHER EDONALD	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE CLACY	SECRETARY	1.00	Officer Director	$0	$0	$0
E RENEE INGRAM	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA ROSE	EXECUTIVE DIRECTOR	40.00	Officer	$161,387	$12,911	$174,298

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	$657,843	$832,552	$1,928,208	$-174,709
2023	$616,715	$902,214	$2,100,832	$-285,499
2022	$627,320	$916,773	$2,344,488	$-289,453
2021	$962,688	$930,648	$2,650,248	$32,040
2020	$861,076	$954,153	$2,741,670	$-93,077
2019	$947,243	$1,102,616	$2,802,117	$-155,373
2018	$929,282	$1,057,561	$2,988,825	$-128,279