VOLUNTEERS OF AMERICA INC VOAMI IN… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

AUBREY MACFARLANE

Phone

2489450101

Tax Period

2024-07-01 to 2025-06-30

VOLUNTEERS OF AMERICA INC VOAMI INDEPENDENCE HOUSE OF DETROIT, founded in 2008, is a micro nonprofit that reported $94K in total revenue in fiscal year 2024. Expenses of $133K exceeded revenue, resulting in a 41% operating deficit.

Mission

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

Program Service Accomplishments

Program 1

Expenses: $115,990 Revenue: $94,081

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 $0

Program Service Revenue $94,081

Investment Income $191

Other Revenue $0

TOTAL REVENUE $94,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,880

Fundraising Expenses $0

Program Expenses $115,990

Other Expenses $117,070

TOTAL EXPENSES $132,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,272	$91,039	+0.0%
Expenses	$132,950	$118,010	+0.1%
Net Income	$-38,678	$-26,971	+0.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH CRAWFORD	TREASURER	N/A	Officer	$0	$0	$0
AUBREY MACFARLANE	PRESIDENT	N/A	Officer	$0	$0	$0
RALPH J MARCUS	VICE CHAIR	N/A	Officer	$0	$0	$0
VANASSA OWENS-WARREN	CHAIRPERSON	N/A	Officer	$0	$0	$0
MICHELE WATKINS	SECRETARY	N/A	Officer	$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	$94,272	$132,950	$912,838	$-38,678
2024	$91,039	$118,010	$951,505	$-26,971
2023	$90,018	$124,703	$984,383	$-34,685
2022	$90,419	$113,808	$1,011,899	$-23,389
2021	$87,216	$116,637	$1,036,418	$-29,421
2020	$87,055	$120,633	$1,063,381	$-33,578
2019	$87,465	$112,008	$1,105,970	$-24,543

VOLUNTEERS OF AMERICA INC VOAMI INDEPENDENCE HOUSE OF DETROIT