Carl Maxey Center (EIN 824396555) - Form 990 Financial Analysis & Trantor Score

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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

2017

Principal Officer

Walter Kendricks

Phone

5097951686

Tax Period

2023-01-01 to 2023-12-31

Carl Maxey Center, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $424K, a strong 26% operating margin.

Mission

The Carl Maxey Center (CMC) is a Black-led, Black-focused, Non-Profit organization and Community Center, housed in Spokane?s historic East Central neighborhood. We are committed to changing the lives and improving the well-being of Spokane?s African American community in Spokane County, with a particular emphasis and focus on the East Central neighborhood by expanding educational, economic, and cultural opportunities with a focus on Equity, Racial, and Social Justice, Economic Development, Education and Advocacy, Environmental Resilience, and Cultural Enrichment.

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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 $1,585,003

Program Service Revenue $0

Investment Income $21,469

Other Revenue $2,164

TOTAL REVENUE $1,608,636

Expense Breakdown

Grants Paid $177,446

Salaries & Benefits $259,523

Fundraising Expenses $33,490

Program Expenses $1,107,067

Other Expenses $714,164

TOTAL EXPENSES $1,184,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,608,636	$2,594,655	-0.4%
Expenses	$1,184,623	$2,305,625	-0.5%
Net Income	$424,013	$289,030	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Betsy Wilkerson	Director	1.00	Director	$0	$0	$0
Walter Kendricks	President	1.00	Director	$0	$0	$0
Curtis Hampton	Treasurer	1.00	Director	$0	$0	$0
Sylvia Brown	Director	1.00	Director	$0	$0	$0
Renika WIlliams	Secretary	1.00	Director	$0	$0	$0
Ginger Ewing	Director	1.00	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	$1,608,636	$1,184,623	$3,133,203	$424,013
2022	$2,594,655	$2,305,625	$2,641,060	$289,030
2021	$2,136,139	$808,959	$2,360,579	$1,327,180
2020	$961,458	$261,502	$1,039,335	$699,956

Carl Maxey Center