Accounting Aid Society

EIN: 237310753 501(c)(3) Community Improvement

Detroit, MI

Total Revenue
$4,498,088
Total Expenses
$4,250,260
Total Assets
$3,246,925
Net Assets
$2,252,857
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MI
Phone
3135561920
Tax Period
2024-07-01 to 2025-06-30

Accounting Aid Society, founded in 1972, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 6% surplus.

Mission

Accounting Aid Societys mission is to help grow an economy for individuals, families and small businesses in Detroit and Southeastern Michigan. We do this by providing free tax preparation, small business financial services, financial coaching and call center workforce training.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,316,647
Program Service Revenue $140,919
Investment Income $28,837
Other Revenue $11,685
TOTAL REVENUE $4,498,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,307,859
Fundraising Expenses $178,001
Program Expenses $3,654,743
Other Expenses $942,401
TOTAL EXPENSES $4,250,260

Year-over-Year Comparison

2024 2023 Change
Revenue $4,498,088 $3,778,043 +0.2%
Expenses $4,250,260 $3,968,271 +0.1%
Net Income $247,828 $-190,228 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
61
Volunteers
399

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
5
$172,632
Total Directors
26
$0
Key Employees
1
$172,632
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Priscilla Perkins President and CEO 40.00
Officer Key Emp
$165,982 $6,650 $172,632
Harry Cook Cheif Financial Officer 0.00
$91,300 $0 $91,300
LaShanda Davis Director 2.00
Officer Director
$0 $0 $0
Jeramey J Lynch Board Chair 2.00
Officer Director
$0 $0 $0
John Anstett Treasurer 2.00
Officer Director
$0 $0 $0
Robert Zalewski Director 2.00
Director
$0 $0 $0
Kenneth Bluhm Director 2.00
Director
$0 $0 $0
Diane Dossin Director 2.00
Director
$0 $0 $0
Richard Favor Director 2.00
Director
$0 $0 $0
Lisa Fort Director 2.00
Director
$0 $0 $0
Audrey Harvey Director 2.00
Director
$0 $0 $0
Anthony McCree Director 2.00
Director
$0 $0 $0
Gregory A Nowak Director 2.00
Director
$0 $0 $0
Nick Quigley Director 2.00
Director
$0 $0 $0
David T Rehrauer Director 2.00
Director
$0 $0 $0
Dion D Stevens Director 2.00
Director
$0 $0 $0
Brendan Sullivan Director 2.00
Director
$0 $0 $0
Alan C Young Director 2.00
Director
$0 $0 $0
Micheal Dixon Director 2.00
Director
$0 $0 $0
Deborah Gordon Director 2.00
Director
$0 $0 $0
Kevin Patterson Director 2.00
Director
$0 $0 $0
Patricia Mousseau Secretary 2.00
Officer Director
$0 $0 $0
Deborah Habel Director 2.00
Director
$0 $0 $0
Patrick Lee Director 2.00
Director
$0 $0 $0
Van Nquyen Director 2.00
Director
$0 $0 $0
Nicole Puckett Director 2.00
Director
$0 $0 $0
Ashley Wheatley Director 2.00
Director
$0 $0 $0
Alexis Wiley Director 2.00
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
2025 $4,498,088 $4,250,260 $3,246,925 $247,828
2024 $3,778,043 $3,968,271 $2,982,228 $-190,228
2023 $3,732,450 $3,712,260 $3,225,505 $20,190
2022 $3,418,854 $3,306,157 $2,359,795 $112,697
2021 $3,274,275 $2,538,008 $2,238,515 $736,267
2020 $2,411,590 $2,074,580 $1,441,454 $337,010
2019 $1,810,812 $1,950,067 $1,063,535 $-139,255
2018 $1,836,366 $1,805,101 $1,155,583 $31,265
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