INVEST DETROIT FOUNDATION (EIN 271927369) - 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

2010

Legal Domicile

Principal Officer

DAVID BLASZKIEWICZ

Phone

3132596368

Tax Period

2023-01-01 to 2023-12-31

INVEST DETROIT FOUNDATION, founded in 2010, is a mid-sized nonprofit in the Community Improvement sector that reported $29.6M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.3M, a strong 52% operating margin.

Mission

THE IDF LOAN PROGRAMS PROVIDE FUNDING, GENERALLY IN THE FORM OF LOANS, TO QUALIFIED APPLICANTS TO ENCOURAGE REVITALIZATION AND DEVELOPMENT. IN CONCERT WITH OPERATING THE LOAN PROGRAMS, IDF ALSO CONDUCTS PROGRAMMATIC ACTIVITIES THAT INCLUDE PLANNING, SPEARHEADING AND DEVELOPING STRATEGIES FOR URBAN REVITALIZATION.

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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 $22,447,544

Program Service Revenue $5,632,947

Investment Income $1,484,354

Other Revenue $0

TOTAL REVENUE $29,564,845

Expense Breakdown

Grants Paid $1,470,595

Salaries & Benefits $7,752,413

Fundraising Expenses $0

Program Expenses $9,675,604

Other Expenses $5,068,067

TOTAL EXPENSES $14,291,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,564,845	$24,220,233	+0.2%
Expenses	$14,291,075	$16,790,775	-0.1%
Net Income	$15,273,770	$7,429,458	+1.1%

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

Volunteers

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

$1,148,864

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW P CULLEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RODERICK D GILLUM	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN BLANCHARD	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
JOANN CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
ANTOINE M GARIBALDI PHD	DIRECTOR	1.00	Director	$0	$0	$0
WENDY LEWIS JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A MANOOGIAN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES G MCCLURE	DIRECTOR	1.00	Director	$0	$0	$0
DAN NISSENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RIZIK	DIRECTOR	1.00	Director	$0	$0	$0
ALAN S SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
GARY TORGOW	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
LAURA TRUDEAU	DIRECTOR	1.00	Director	$0	$0	$0
LARRY BRINKER JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LAND	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MOZAK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BLASZKIEWICZ	PRESIDENT & CEO	30.00	Officer	$469,155	$190,921	$660,076
CARRIE LEWAND-MONROE	CHIEF OPERATING OFFICER	20.00	Officer	$286,238	$26,807	$313,045
AMBER GLADNEY	ASSISTANT SECRETARY	40.00	Officer	$159,795	$15,948	$175,743
PAUL TRULIK	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
PATRICIA GLAZA	EXECUTIVE VICE PRESIDENT, VENTURE	40.00	Highest	$284,728	$41,334	$326,062
KEONA COWAN	EXECUTIVE VICE PRESIDENT, LENDING	40.00	Highest	$285,479	$38,899	$324,378
MARTIN DOBER	SENIOR VICE PRESIDENT, VENTURE	40.00	Highest	$223,915	$36,820	$260,735
DANIELLE GRACEFFA	GENERAL COUNSEL	40.00	Highest	$240,296	$37,978	$278,274
PAUL JONES	DIRECTOR OF BUSINESS SUPPORT NETWORK	40.00	Highest	$216,315	$12,304	$228,619

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	$29,564,845	$14,291,075	$186,536,906	$15,273,770
2022	$24,220,233	$16,790,775	$161,002,008	$7,429,458
2021	$12,808,930	$21,728,487	$154,389,743	$-8,919,557
2020	$36,635,285	$12,609,786	$153,330,956	$24,025,499
2019	$37,493,842	$16,609,784	$114,763,952	$20,884,058
2018	$21,050,521	$10,564,484	$86,688,278	$10,486,037

INVEST DETROIT FOUNDATION