THE SECOND MILE CENTER OF DETROIT (EIN 272370966) - 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

MARYJO RENNOLDS

Phone

3132455252

Tax Period

2024-01-01 to 2024-12-31

THE SECOND MILE CENTER OF DETROIT, founded in 2010, is a small nonprofit in the Human Services sector that reported $226K in total revenue in fiscal year 2024. Expenses of $251K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE SERVICES AND DEVELOP PARTNERSHIPS TO EMPOWER AND STRENGTHEN PEOPLE THROUGH CHARITABLE AND EDUCATIONAL MEANS WITHOUT DISCRIMINATION BASED ON RACE, COLOR, NATIONAL OR ETHNIC ORIGIN.

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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 $224,063

Program Service Revenue $0

Investment Income $13

Other Revenue $1,555

TOTAL REVENUE $225,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,284

Fundraising Expenses $0

Program Expenses $236,400

Other Expenses $113,235

TOTAL EXPENSES $250,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,631	$219,758	+0.0%
Expenses	$250,519	$222,686	+0.1%
Net Income	$-24,888	$-2,928	+7.5%

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

248

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
JOAN LOCKARD	DIRECTOR	0.25	Director	$0	$0	$0
DANIEL MACNISH	DIRECTOR	0.25	Director	$0	$0	$0
PATTY MCCRACKEN	DIRECTOR	0.50	Director	$0	$0	$0
DANA STONEROOK	DIRECTOR	0.50	Director	$0	$0	$0
ADAM GROSCH	PRESIDENT	0.75	Officer	$0	$0	$0
LINDSAY JOHNSON-LEMIEUX	VICE PRESIDE	1.25	Officer	$0	$0	$0
MARYJO RENNOLDS	TREASURER	3.00	Officer	$0	$0	$0
BERT ROSS	SECRETARY	0.75	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
2024	$225,631	$250,519	$201,034	$-24,888
2023	$219,758	$222,686	$229,801	$-2,928
2022	$230,593	$228,837	$227,325	$1,756
2021	$303,152	$290,934	$230,083	$12,218
2020	$315,579	$245,438	$236,260	$70,141
2019	$269,239	$260,298	$143,965	$8,941
2018	$408,561	$309,029	$134,178	$99,532

THE SECOND MILE CENTER OF DETROIT