DETROIT BELLE ISLE GRAND PRIX INC (EIN 205885762) - 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

CLAUDE DENKER

Phone

2486482457

Tax Period

2023-01-01 to 2023-12-31

DETROIT BELLE ISLE GRAND PRIX INC, founded in 2006, is a mid-sized nonprofit in the Community Improvement sector that reported $22.8M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum.

Mission

REVITALIZE THE CITY OF DETROIT AND RAISE FUNDS TO PRESERVE AND IMPROVE BELLE ISLE PARK.

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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 $13,484,946

Program Service Revenue $8,985,610

Investment Income $484,749

Other Revenue $-195,082

TOTAL REVENUE $22,760,223

Expense Breakdown

Grants Paid $847,622

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,058,658

Other Expenses $22,006,328

TOTAL EXPENSES $22,853,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,760,223	$14,762,535	+0.5%
Expenses	$22,853,950	$14,762,535	+0.5%
Net Income	$-93,727	$0	N/A

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

1500

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

$550,721

Total Directors

$550,721

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC B LARSON	VICE PRESIDENT	1.00	Officer Director	$0	$22,145	$550,721
CLAUDE BUD DENKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAMERON PIGGOTT	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER PENSKE	CHAIR	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
2024	No data	No data	No data	No data
2023	$22,760,223	$22,853,950	$3,418,022	$-93,727
2022	$14,762,535	$14,762,535	$4,637,183	No data
2021	$11,943,538	$11,943,538	$745,267	No data
2020	$1,503,100	$1,660,076	$1,338,022	$-156,976
2019	$15,651,010	$15,651,010	$3,029,791	No data
2018	$15,863,499	$15,863,499	$3,478,295	No data

DETROIT BELLE ISLE GRAND PRIX INC