MORNING GLORY ENTERPRISES (EIN 942403678) - 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

1976

Legal Domicile

Principal Officer

MELISSA SMITH

Phone

7074626115

Tax Period

2024-07-01 to 2025-06-30

MORNING GLORY ENTERPRISES, founded in 1976, is a small nonprofit in the Education sector that reported $349K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE MULTI AGE ENVIRONMENT DEVELOPES THE CHILDS SOCIAL SKILLS IN NATURAL, NON-FORCED, NON-COMPETITIVE SITUATIONS. IT ALLOWS THE CHILD FREEDOM TO CHOOSE TO WORK ALONE, WITH A FRIEND OR A GROUP OF FRIENDS, ACCORDING TO THE CHILDS PRESENT NEEDS, RESPECTING INDIVIDUALITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,541

Program Service Revenue $300,353

Investment Income $16

Other Revenue $22,247

TOTAL REVENUE $349,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,885

Fundraising Expenses $2,190

Program Expenses $289,798

Other Expenses $63,536

TOTAL EXPENSES $346,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,157	$321,433	+0.1%
Expenses	$346,421	$315,956	+0.1%
Net Income	$2,736	$5,477	-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

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

$81,863

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA SMITH	CEO MEMBER AT LARGE	40.00	Officer	$81,863	$0	$81,863
KENZIE KENNEDY	PRESIDENT	2.00	Officer Director	$0	$0	$0
SAMANTHA BARRERA STANFORD	V PRESIDENT	2.00	Officer Director	$0	$0	$0
HUNTER THOMPSON	TREASURER	2.00	Officer Director	$0	$0	$0
CARESSE P ORRIDGE	SECRETARY	2.00	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
2025	$349,157	$346,421	$60,833	$2,736
2024	$321,433	$315,956	$58,097	$5,477
2023	$298,568	$303,385	$52,620	$-4,817
2022	$235,034	$268,973	$57,437	$-33,939
2021	$263,270	$270,237	$59,242	$-6,967
2020	$241,799	$278,652	$66,209	$-36,853
2019	$309,724	$318,669	$90,125	$-8,945

MORNING GLORY ENTERPRISES