MLK AVENUE REDEVELOPMENT CORP (EIN 631088214) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

DAPHNE PIERCE

Phone

2514323073

Tax Period

2023-01-01 to 2023-12-31

MLK AVENUE REDEVELOPMENT CORP, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $831K in total revenue in fiscal year 2018. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

COMMUNITY REDEVELOPMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $160,000

Program Service Revenue $131,332

Investment Income $0

Other Revenue $1,075

TOTAL REVENUE $292,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,885

Fundraising Expenses $0

Program Expenses $366,487

Other Expenses $320,519

TOTAL EXPENSES $417,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,407	$29,911	+8.8%
Expenses	$417,404	$168,805	+1.5%
Net Income	$-124,997	$-138,894	-0.1%

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAPHNE PIERCE	EXECUTIVE DI	40.00	Officer	$90,000	$0	$90,000
CARLOS GANT	SECRETARY/TR	N/A	Officer	$0	$0	$0
CHRISTOPHER LEE	ADVISORY BRD	N/A	Officer	$0	$0	$0
DARRELL RANDLE	CHAIRMAN	N/A	Officer	$0	$0	$0
SAMANTHA SANDERS	VICE CHAIRMA	N/A	Officer	$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	No data	No data	No data	No data
2023	$292,407	$417,404	$938,547	$-124,997
2022	$29,911	$168,805	$1,037,064	$-138,894
2021	$257,926	$585,526	$1,141,480	$-327,600
2020	$-375,632	$1,243,690	$1,562,996	$-1,619,322
2019	$422,736	$835,610	$4,118,929	$-412,874
2018	$830,578	$1,224,573	$4,747,757	$-393,995

MLK AVENUE REDEVELOPMENT CORP