MARTIN LUTHER KING COMMUNITY DEVELOPMENT CORP (EIN 522443111) - 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

2003

Legal Domicile

Principal Officer

IRMA ROGERS

Phone

3182218577

Tax Period

2023-07-01 to 2024-06-30

MARTIN LUTHER KING COMMUNITY DEVELOPMENT CORP, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $114K in total revenue in fiscal year 2023. Expenses of $185K exceeded revenue, resulting in a 62% operating deficit.

Mission

TO IMPROVE THE EDUCATIONAL, RESIDENTIAL, AND SOCIO-ECONOMIC CONDITIONS OF THE COMMUNITY

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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 $106,963

Program Service Revenue $7,116

Investment Income $0

Other Revenue $0

TOTAL REVENUE $114,079

Expense Breakdown

Grants Paid $7,170

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $137,941

Other Expenses $177,735

TOTAL EXPENSES $184,905

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,079	$114,889	0.0%
Expenses	$184,905	$124,537	+0.5%
Net Income	$-70,826	$-9,648	+6.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRMA ROGERS	PRESIDENT	25.00	Officer Director	$0	$0	$0
ANDREA BAXTER	1ST VICE PRESIDENT	0.50	Director	$0	$0	$0
DR MARLON HENDERSON	2ND VICE PRESIDENT	0.50	Director	$0	$0	$0
BEATICE BAILEY	SECRETARY	0.50	Director	$0	$0	$0
SONJA DENNES	DIRECTOR	0.50	Director	$0	$0	$0
MONICA DAVENPORT	TREASURER	0.50	Director	$0	$0	$0
DR RAYMOND HICKS	DIRECTOR	0.50	Director	$0	$0	$0
GLENDA MYERS	DIRECTOR	0.50	Director	$0	$0	$0
ADOLPHUS FRENCH	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	$114,079	$184,905	$400,564	$-70,826
2022	$130,950	$232,020	$457,645	$-101,070
2021	$256,933	$124,452	$543,990	$132,481
2020	$102,447	$64,920	$374,780	$37,527
2019	$381,366	$377,796	$365,470	$3,570

MARTIN LUTHER KING COMMUNITY DEVELOPMENT CORP