DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CULTURESOURCE, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $5.2M exceeded revenue, resulting in a 67% operating deficit.
CULTURESOURCE ADVANCES CREATIVE AND CULTURAL EXPRESSION IN SOUTHEAST MICHIGAN.
CONVENING. CULTURESOURCE'S PRIMARY SERVICE IS CONVENING THE CULTURAL SECTOR OF SOUTHEAST MICHIGAN. OUR REGULAR GATHERINGS FOR SHARED LEARNING, LEADERSHIP DEVELOPMENT, AND NETWORKING, BRING PEOPLE...
CONVENING. CULTURESOURCE'S PRIMARY SERVICE IS CONVENING THE CULTURAL SECTOR OF SOUTHEAST MICHIGAN. OUR REGULAR GATHERINGS FOR SHARED LEARNING, LEADERSHIP DEVELOPMENT, AND NETWORKING, BRING PEOPLE, ORGANIZATIONS, AND IDEAS TOGETHER TO BUILD SKILLS AND COLLABORATION TOWARD REALIZING OUR VISION AND SUPPORTING ADAPTIVE CHANGE IN OUR FIELD.
RESEARCH. CULTURESOURCE REGULARLY ENGAGES IN PRACTICES OF RESEARCH, KNOWLEDGE GENERATION, AND INSIGHT SHARING TO GROW THE ARTS AND CULTURE SECTOR'S CAPACITY FOR GREAT WORK. THESE PRACTICES ALSO ALLOW...
RESEARCH. CULTURESOURCE REGULARLY ENGAGES IN PRACTICES OF RESEARCH, KNOWLEDGE GENERATION, AND INSIGHT SHARING TO GROW THE ARTS AND CULTURE SECTOR'S CAPACITY FOR GREAT WORK. THESE PRACTICES ALSO ALLOW US TO MAKE DATA-DRIVEN DECISIONS REGARDING HOW TO BE OF THE BEST AND HIGHTEST USE TO THE LEADERS, ARTISTS, ORGANIZATIONS, PHILANTHROPISTS AND POLICYMAKERS WHO RELY ON US.
GRANTMAKING. THROUGH GRANTMAKING AND FISCAL SPONSORSHIP INITIATIVES, CULTURESOURCE COLLABORATES WITH FUNDING PARTNERS AND ARTISTIC PROJECTS TO THOUGHTFULLY AND EXPEDIENTLY PROVIDE RESOURCES TO THE...
GRANTMAKING. THROUGH GRANTMAKING AND FISCAL SPONSORSHIP INITIATIVES, CULTURESOURCE COLLABORATES WITH FUNDING PARTNERS AND ARTISTIC PROJECTS TO THOUGHTFULLY AND EXPEDIENTLY PROVIDE RESOURCES TO THE CREATIVE PEOPLE AND CULTURAL ORGANIZATIONS THAT SUPPORT OUR VISION OF SEEING SOUTHEAST MICHIGAN FLOURISH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,123,254 | $6,112,731 | -0.5% |
| Expenses | $5,220,687 | $2,483,737 | +1.1% |
| Net Income | $-2,097,433 | $3,628,994 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| OMARI RUSH | EXECUTIVE DI | 40.00 |
Officer
Director
|
$194,308 | $0 | $194,308 |
| ELLIOTT BROOM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AFA DWORKIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIFFANY FORD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PHIL GILCHRIST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIANNE JAMES | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER KATZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM LEWAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRENT OTT | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANGELIQUE POWER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER ROBINSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| OLGA STELLA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DELASHEA STRAWDER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLEE MITCHELL WELLS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK WILLINGHAM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2025 | No data | No data | No data | No data |
| 2024 | $3,123,254 | $5,220,687 | $5,793,536 | $-2,097,433 |
| 2023 | $6,112,731 | $2,483,737 | $7,554,281 | $3,628,994 |
| 2022 | $3,714,612 | $2,855,065 | $4,083,247 | $859,547 |
| 2021 | $2,825,503 | $1,439,351 | $3,009,357 | $1,386,152 |
| 2020 | $1,544,891 | $1,099,955 | $1,823,136 | $444,936 |
| 2019 | $809,549 | $881,883 | $1,372,077 | $-72,334 |
| 2018 | $1,030,688 | $720,720 | $1,843,925 | $309,968 |
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