The Kings Musician Educational Fou… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Phone

4098330045

Tax Period

2022-08-01 to 2023-07-31

The Kings Musician Educational Foundation Inc, founded in 1984, is a micro nonprofit that reported $82K in total revenue in fiscal year 2022. Expenses of $100K exceeded revenue, resulting in a 22% operating deficit.

Mission

Provide educational radio programming with local and national programming, and Christian music.

Program Service Accomplishments

Program 1

Expenses: $97,592

Broadcasting Christian music in Southeast Texas on 88.1 FM, KLBT. We also serve our community through programs such as: Community Care prayer outreach, Shoes for Orphan Souls, Diaper drive for Hope Crisis Pregnancy Center, blood drives, Walk For Life, Aim for Life, Foster care awareness, Drug Free awareness, community block party, Operation Christmas Child, bring attention to sex trafficking with Harvest House, Love Lunchsack Homeless ministry, and promotion of local ministry opportunities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $82,022

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,136

Fundraising Expenses $0

Program Expenses $97,592

Other Expenses $35,829

TOTAL EXPENSES $99,965

Year-over-Year Comparison

	2022	2021	Change
Revenue	$82,022	$80,838	+0.0%
Expenses	$99,965	$95,608	+0.0%
Net Income	$-17,943	$-14,770	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Leslie E Jones	President	0.00	Officer Director	$0	$0	$0
Kenneth Simmons	Vice President	15.00	Officer Director	$0	$0	$0
Jeanette Harvey	Secretary	1.00	Officer 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
2023	$82,022	$99,965	$527,197	$-17,943
2022	$80,838	$95,608	$545,139	$-14,770
2021	$101,554	$96,874	$559,909	$4,680
2020	$75,378	$115,008	$577,948	$-39,630
2019	$69,654	$90,402	$594,859	$-20,748
2018	$96,308	$102,728	$615,820	$-6,420

The Kings Musician Educational Foundation Inc