The Kings Musician Educational Foundation Inc

EIN: 760117768 501(c)(3)

Beaumont, TX

Total Revenue
$82,022
Total Expenses
$99,965
Total Assets
$527,197
Net Assets
$526,098
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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
1984
Legal Domicile
TX
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.

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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%)

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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
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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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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
2

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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