THE KING'S MEN

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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

1955

Legal Domicile

Principal Officer

MARY ANN CRAWFORD

Phone

3612152661

Tax Period

2023-01-01 to 2023-12-31

THE KING'S MEN, founded in 1955, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $341K left a modest 6% surplus.

Mission

THE KING'S MEN PARTICIPATE IN THE ANNUAL BUCCANEER DAYS CELEBRATION.

Program Service Accomplishments

Program 1

Expenses: $304,168

KING'S BALL, KING'S DINNER, KING'S LUNCHEON, KING'S BREAKFAST ARE EVENTS SPONSORED BY THE KING'S MEN DURING BUCCANEER DAYS IN CORPUS CHRISTI, TEXAS.

Program 2

Expenses: $22,133

GIFTS - THE KING'S MEN PROVIDE SMALL GIFTS FOR ALL WHO PARTICIPATE IN THE ANNUAL BUCCANEER DAYS CORONATION.

Program 3

Expenses: $7,313

FLOAT - THE KING'S MEN SPONSOR A FLOAT IN THE BUCCANEER DAYS ILLUMINATED NIGHT PARADE.

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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 $363,916

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $363,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $333,614

Other Expenses $340,834

TOTAL EXPENSES $340,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,916	$272,328	+0.3%
Expenses	$340,834	$313,159	+0.1%
Net Income	$23,082	$-40,831	-1.6%

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

N/A

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
THOMAS GATES JR	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW EZELL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MEARES	PRESIDENT	1.00	Officer	$0	$0	$0
DENNY BARRE	SECRETARY	1.00	Officer	$0	$0	$0
JACK POWERS	TREASURER	1.00	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	$363,916	$340,834	$49,156	$23,082
2022	$272,328	$313,159	$26,074	$-40,831
2021	$124,011	$258,913	$66,905	$-134,902
2020	$248,701	$62,040	$201,807	$186,661
2019	$275,760	$322,073	$13,527	$-46,313
2018	$312,836	$287,791	$59,841	$25,045