DR MARTIN LUTHER KING JR PARADE & FESTIVITIES COMMITTEE INC (EIN 592481519) - 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

Phone

3056062995

Tax Period

2023-05-01 to 2024-04-30

DR MARTIN LUTHER KING JR PARADE & FESTIVITIES COMMITTEE INC is a small nonprofit that reported $340K in total revenue in fiscal year 2023. Expenses of $291K left a modest 14% surplus.

Mission

MLK PARADE & FESTIVAL SERVES THE COMMUNITY IN HONOR AND MEMORY OF MLK

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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 $307,185

Program Service Revenue $32,680

Investment Income $0

Other Revenue $0

TOTAL REVENUE $339,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $207,331

Program Expenses $79,940

Other Expenses $291,212

TOTAL EXPENSES $291,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$339,865	$323,842	+0.0%
Expenses	$291,212	$297,124	0.0%
Net Income	$48,653	$26,718	+0.8%

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

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	Reportable Comp	Other Comp	Total
LADI JENKINS	PRESIDENT	6	$0	$0	$0
TIMOTHY BOSTIC JR	VP OPERATIONS DIRECTOR	1	$0	$0	$0
ED HAYNES	VP DEVELOPMENT DIRECTOR	3.10	$0	$0	$0
DR CANDYCE HAYNES	VP COMMUNICATION DIRECTOR	2.40	$0	$0	$0
CHARLYNE STRACHAN	ADMIN ASST/EVENT DIRECTOR	1	$0	$0	$0
DENISE STEWART	SEC. LINEUP DIRECTOR	1	$0	$0	$0
CHERYAL FRASIER -WHITE	PARADE VENDOR DIRECTOR	1.10	$0	$0	$0
NANDY AUGUSTIN	DIRECTOR	1	$0	$0	$0
VONCAROL KITCHEN	PLANNING PERMITS/REGISTRATION SPECIFICATION DIRECTOR	1.20	$0	$0	$0
MARLON KELLY	PARADE &FESTIVITIES DIRECTOR	3	$0	$0	$0
CARMEN GLASS	TRANSPORTATION/REGISTRATION COORDINATORDIRECTOR	1	$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
2025	No data	No data	No data	No data
2024	$339,865	$291,212	$101,585	$48,653
2023	$323,842	$297,124	$85,938	$26,718
2022	$306,350	$329,758	$56,895	$-23,408
2021	$222,471	$202,754	$80,305	$19,717
2019	$98,346	$83,792	$64,233	$14,554

DR MARTIN LUTHER KING JR PARADE & FESTIVITIES COMMITTEE INC