DETROIT MUSICIANS FUND (EIN 205320451) - 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

2006

Legal Domicile

Principal Officer

CARL G CAFAGNA

Phone

2485695400

Tax Period

2023-04-01 to 2024-03-31

DETROIT MUSICIANS FUND, founded in 2006, is a micro nonprofit in the Education sector that reported $17K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $21K exceeded revenue, resulting in a 29% operating deficit.

Mission

ASSIST MUSICIANS IN THE METROPOLITAN DETROIT AREA

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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 $16,378

Program Service Revenue $0

Investment Income $144

Other Revenue $0

TOTAL REVENUE $16,522

Expense Breakdown

Grants Paid $19,690

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,542

Other Expenses $1,658

TOTAL EXPENSES $21,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,522	$14,957	+0.1%
Expenses	$21,348	$16,086	+0.3%
Net Income	$-4,826	$-1,129	+3.3%

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

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

$80,293

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL CAFAGNA	TREASURER	1.00	Director	$0	$0	$74,666
RALPHE ARMSTRONG	CHAIR	1.00	Director	$1,131	$0	$2,670
DOUGLAS CORNELSON	DIRECTOR	1.00	Director	$0	$0	$1,418
ALAN AYOUB	DIRECTOR	1.00	Director	$0	$0	$1,539
ROBERT CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
HELEN NEAR	SECRETARY	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	$16,522	$21,348	$254,935	$-4,826
2023	$14,957	$16,086	$259,761	$-1,129
2022	$4,157	$7,313	$260,890	$-3,156
2021	$4,029	$5,774	$264,046	$-1,745
2020	$5,584	$4,328	$265,791	$1,256
2019	$9,053	$9,381	$264,473	$-328

DETROIT MUSICIANS FUND