DETROIT SPORTS MEDICINE FOUNDATION

EIN: 273094460 501(c)(3) Health Care

FRANKLIN, MI

Total Revenue
$184,771
Total Expenses
$121,886
Total Assets
$160,921
Net Assets
$158,591
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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
MI
Principal Officer
STEPHEN E LEMOS MD PHD
Phone
2484805121
Tax Period
2023-01-01 to 2023-12-31

DETROIT SPORTS MEDICINE FOUNDATION, founded in 2010, is a small nonprofit in the Health Care sector that reported $185K in total revenue in fiscal year 2023. Revenue surged 284% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 34% operating margin.

Mission

FOR PURPOSES OF SUPPORTING RESEARCH, EDUCATION, AND SCHOLARSHIP IN THE FIELD OF SPORTS MEDICINE, AND RELATED FIELDS OF MEDICINE AND SCIENCE. SPONSOR AN ANNUAL SYMPOSIUM AND LECTURES FOR PROFESSIONALS ON RESEARCH AND ADVANCES IN SPORTS MEDICINE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $54,652
Program Service Revenue $0
Investment Income $130,119
Other Revenue $0
TOTAL REVENUE $184,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $115,205
Other Expenses $121,886
TOTAL EXPENSES $121,886

Year-over-Year Comparison

2023 2022 Change
Revenue $184,771 $48,155 +2.8%
Expenses $121,886 $132,327 -0.1%
Net Income $62,885 $-84,172 -1.7%
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

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Governance

Voting Members
8
Independent Members
8
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARIFF K BISHAI BOARD MEMBER 0.25
Director
$0 $0 $0
SHAUN BONWELL CPA TREASURER 0.25
Officer Director
$0 $0 $0
ANTHONY COLUCCI DO BOARD MEMBER 0.25
Director
$0 $0 $0
ANNE FINDLAY SECRETARY/IT 0.50
Director
$0 $0 $0
BLAINE R RENFERT JD BOARD MEMBER 0.25
Director
$0 $0 $0
DOUGLAS PAGENS MD BOARD MEMBER 0.25
Director
$0 $0 $0
STEPHEN E LEMOS MD PHD PRESIDENT, C 5.00
Officer Director
$0 $0 $0
KATHLEEN WILLIAMS PROFESSIONAL 1.00
Officer 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
2024 No data No data No data No data
2023 $184,771 $121,886 $160,921 $62,885
2022 $48,155 $132,327 $142,562 $-84,172
2021 $48,733 $80,991 $237,491 $-32,258
2020 $47,224 $154,627 $291,817 $-107,403
2019 $104,178 $186,899 $365,949 $-82,721
2018 $38,618 $47,886 $462,571 $-9,268
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