MULTICULTURAL MEDIA & CORRESPONDENTS ASSOCIATION (EIN 822412952) - Form 990 Financial Analysis & Trantor Score

🔒

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

2016

Legal Domicile

Principal Officer

DAVID MORGAN

Phone

2023063075

Tax Period

2023-01-01 to 2023-12-31

MULTICULTURAL MEDIA & CORRESPONDENTS ASSOCIATION, founded in 2016, is a small nonprofit in the Civil Rights & Advocacy sector that reported $496K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $437K left a modest 12% surplus.

Mission

THE MULTICULTURAL MEDIA & CORRESPONDENTS ASSOCIATION MMCA IS A GROWING GROUP OF BLACK, INDIGENOUS, AND PEOPLE OF COLOR BIPOC MEDIA STAKEHOLDERS, ADVOCATES, AND ALLIES RESOLVED TO GET MORE CONTENT, MORE OWNERSHIP, MORE IMPACT, AND MORE CONTROL OF OUR STORY AND OF WHERE, WHEN AND HOW ITS TOLD. THE KEY PILLARS OF OUR EFFORT ARE 1 COALITION BUILDING, 2 AWARENESS AND ADVOCACY, 3 CONSTRUCTIVE ENGAGEMENT, 4 STAKEHOLDER ASSISTANCE, AND 5 HONORING BIPOC MEDIA EXCELLENCE.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $496,361

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $496,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,789

Other Expenses $436,589

TOTAL EXPENSES $436,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$496,361	$359,682	+0.4%
Expenses	$436,589	$444,270	0.0%
Net Income	$59,772	$-84,588	-1.7%

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

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
LICY DOCANTO	DIRECTOR	N/A	Director	$0	$0	$0
DR YVES DUROSEAU	DIRECTOR	N/A	Director	$0	$0	$0
HANNAH KIM	DIRECTOR	N/A	Director	$0	$0	$0
DAVID MORGAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
SUI LANG PANOKE	DIRECTOR	N/A	Director	$0	$0	$0
DR MAURICE SHOLAS	DIRECTOR	N/A	Director	$0	$0	$0
OLGA LUCIA TORRES	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	$496,361	$436,589	$4,544	$59,772
2022	$359,682	$444,270	$807	$-84,588
2021	$400,547	$70,218	$219,414	$330,329

MULTICULTURAL MEDIA & CORRESPONDENTS ASSOCIATION