DETROIT 300 CONSERVANCY (EIN 300002873) - 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

2001

Legal Domicile

Principal Officer

ERIC B LARSON

Phone

3135668250

Tax Period

2023-01-01 to 2023-12-31

DETROIT 300 CONSERVANCY, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $7.8M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE FUNDING FOR THE CONTINUED BEAUTIFICATION OF PUBLIC SPACES IN THE CITY OF DETROIT

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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 $4,730,864

Program Service Revenue $1,125,484

Investment Income $194,205

Other Revenue $422,370

TOTAL REVENUE $6,472,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,238,163

Fundraising Expenses $29,900

Program Expenses $6,877,930

Other Expenses $6,592,792

TOTAL EXPENSES $7,830,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,472,923	$4,853,134	+0.3%
Expenses	$7,830,955	$6,897,806	+0.1%
Net Income	$-1,358,032	$-2,044,672	-0.3%

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

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

$1,179,506

Total Directors

$670,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC B LARSON	CEO	1.00	Officer Director	$0	$22,145	$550,721
CARI EASTERDAY-KAR	VICEPRESIDENT/CFO/ASST TREASURER(START (4/20/2023)	10.00	Officer Director	$119,692	$0	$119,692
CYNTHIA PASKY	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL LOEPP	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW CULLEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BISHOP EDGAR VAN II	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON PIGGOTT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ILITCH	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE BUD DENKER	DIRECTOR	1.00	Director	$0	$0	$0
DAN GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EGNER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GRANNEMANN	DIRECTOR	1.00	Director	$0	$0	$0
MARY CULLER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCLAUCHLAN	DIRECTOR	1.00	Director	$0	$0	$0
SANDY PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY NICHOLSON	TREASURER	1.00	Director	$0	$0	$0
PAUL TRULIK	TREASURER/SECRETARY (END 3/2023)	10.00	Officer Director	$0	$0	$0
MELANCA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
GINA CAVILERE	CHIEF COMMUNITY IMPACT OFFICER	1.00	Officer	$0	$46,542	$256,342
DAVID COWAN	CHIEF PUBLIC SPACES OFFICER	39.00	Officer	$0	$24,531	$162,357
ROBERT GREGORY	SR. CONSULTANT STRATEGY & PUBLIC SPACE (END 7/23)	1.00	Officer	$0	$0	$90,394

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	$6,472,923	$7,830,955	$4,016,314	$-1,358,032
2022	$4,853,134	$6,897,806	$4,436,292	$-2,044,672
2021	$5,340,808	$5,577,967	$4,896,723	$-237,159
2020	$4,623,979	$5,191,723	$4,057,904	$-567,744
2019	$6,641,535	$6,506,174	$5,184,384	$135,361
2018	$6,630,962	$6,736,589	$4,299,388	$-105,627

DETROIT 300 CONSERVANCY