DETROIT RIVERFRONT CONSERVANCY INC

EIN: 300125283 501(c)(3) Recreation & Sports

DETROIT, MI

Total Revenue
$38,859,268
Total Expenses
$11,967,902
Total Assets
$194,281,766
Net Assets
$163,957,314
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MI
Principal Officer
RYAN SULLIVAN
Phone
3135668200
Tax Period
2024-01-01 to 2024-12-31

DETROIT RIVERFRONT CONSERVANCY INC, founded in 2002, is a mid-sized nonprofit in the Recreation & Sports sector that reported $38.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $26.9M, a strong 69% operating margin.

Mission

THE DETROIT RIVERFRONT CONSERVANCY (DRFC), IS RESPONSIBLE FOR THE ESTABLISHMENT, IMPROVEMENT, OPERATION, MAINTENANCE, SECURITY, PROGRAMMING AND EXPANSION OF THE DETROIT RIVERWALK AND ASSOCIATED GREEN SPACES. THROUGH ITS PUBLIC/PRIVATE PARTNERSHIPS, THE DRFC WILL SUPPORT THE DEVELOPMENT OF THE RIVERFRONT DISTRICT AND FACILITATE COMMUNITY ACCESS TO THE WATERFRONT. THE DRFC WILL:- DEVELOP A COLLECTIVE SENSE OF OWNERSHIP, ACCESSIBILITY AND RESPONSIBILITY- ENHANCE DETROIT'S IMAGE TO EMPHASIZE ITS ICONIC, INTERNATIONAL RIVERFRONT- CREATE AND MAINTAIN AN INVITING DESTINATION FOR ALL

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,969,062
Program Service Revenue $0
Investment Income $17,744
Other Revenue $4,872,462
TOTAL REVENUE $38,859,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,243,688
Fundraising Expenses $1,391,408
Program Expenses $9,049,403
Other Expenses $9,555,008
TOTAL EXPENSES $11,967,902

Year-over-Year Comparison

2024 2023 Change
Revenue $38,859,268 $45,816,554 -0.2%
Expenses $11,967,902 $17,295,370 -0.3%
Net Income $26,891,366 $28,521,184 -0.1%
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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Governance

Voting Members
43
Independent Members
43
Employees
19
Volunteers
43

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
8
$587,726
Total Directors
47
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW CULLEN CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER HUDSON-PARKE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN BLANCHARD TREASURER 1.00
Officer Director
$0 $0 $0
STEVE HAMP VICE CHAIR 1.00
Officer Director
$0 $0 $0
SANDY BARUAH DIRECTOR 1.00
Director
$0 $0 $0
MARVIN BEATTY DIRECTOR 1.00
Director
$0 $0 $0
ALISHA BELL DIRECTOR 1.00
Director
$0 $0 $0
DAVE BLASZKIEWICZ DIRECTOR 1.00
Director
$0 $0 $0
M SCOTT BOWEN DIRECTOR 1.00
Director
$0 $0 $0
LAURA CHEVEZ-WAZEERUD-DIN DIRECTOR 1.00
Director
$0 $0 $0
MARY CULLER DIRECTOR 1.00
Director
$0 $0 $0
PETER CUMMINGS DIRECTOR 1.00
Director
$0 $0 $0
PATRICK DEVLIN DIRECTOR 1.00
Director
$0 $0 $0
GARLIN GILCHRIST II DIRECTOR 1.00
Director
$0 $0 $0
JOHN HARTIG DIRECTOR 1.00
Director
$0 $0 $0
HIRAM JACKSON DIRECTOR 1.00
Director
$0 $0 $0
WENDY JACKSON DIRECTOR 1.00
Director
$0 $0 $0
KEVIN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ANDREW KANDREVAS DIRECTOR 1.00
Director
$0 $0 $0
ERIC LARSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MARANS DIRECTOR 1.00
Director
$0 $0 $0
DAVID MASSARON DIRECTOR 1.00
Director
$0 $0 $0
PAUL MATTHEW DIRECTOR 1.00
Director
$0 $0 $0
SONYA MAYS DIRECTOR 1.00
Director
$0 $0 $0
LATRICE MCCLENDON DIRECTOR 1.00
Director
$0 $0 $0
SARAH MCCLURE DIRECTOR 1.00
Director
$0 $0 $0
LEONA MEDLEY DIRECTOR 1.00
Director
$0 $0 $0
MITCHELL MONDRY DIRECTOR 1.00
Director
$0 $0 $0
CLAUDE MOLINARI DIRECTOR 1.00
Director
$0 $0 $0
REIMER PRIESTER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL RAFFERTY DIRECTOR 1.00
Director
$0 $0 $0
BRIAN RINEHART DIRECTOR 1.00
Director
$0 $0 $0
AMY ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
PAMELA RODGERS DIRECTOR 1.00
Director
$0 $0 $0
MARIA ELENA RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
MARY SHEFFIELD DIRECTOR 1.00
Director
$0 $0 $0
JOHN STROH III DIRECTOR 1.00
Director
$0 $0 $0
MARGARET TRIMER DIRECTOR 1.00
Director
$0 $0 $0
FRANK VENEGAS DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW WALTERS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WICKENS DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY DICK DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE WASHINGTON DIRECTOR 1.00
Director
$0 $0 $0
ERIC DIETZ DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
ANTOINE BRYANT DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
RACHEL BENDIT DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
NANCY TELLEM DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
MARK WALLACE PRESIDENT AND C.E.O. - THRU 5/2024 40.00
Officer
$174,437 $23,441 $197,878
WILLIAM SMITH C.F.O. - THRU 5/2024 40.00
Officer
$82,770 $18,513 $101,283
RYAN SULLIVAN CHIEF EXECUTIVE OFFICER 40.00
Officer
$58,177 $4,756 $62,933
CASSIE BRENSKE CHIEF DEVELOPMENT OFFICER 40.00
Officer
$200,517 $25,115 $225,632
STEPHAN BOBALIK SENIOR DIRECTOR OF DEVELOPMENT 40.00
Highest
$129,868 $19,744 $149,612
RACHEL FRIERSON VP OF OPERATIONS & PROGRAMMING 40.00
Highest
$130,417 $19,221 $149,638
KAREN SLAUGHTER-DUPERRY EXECUTIVE IN CHARGE OF CONSTRUCTION 40.00
Highest
$131,922 $1,635 $133,557
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 $38,859,268 $11,967,902 $194,281,766 $26,891,366
2023 $52,090,326 $16,942,133 $213,202,987 $35,148,193
2023 No data No data No data No data
2022 $25,031,272 $15,286,976 $175,179,215 $9,744,296
2021 $18,294,537 $11,974,753 $162,240,177 $6,319,784
2020 $25,703,268 $10,462,626 $154,630,831 $15,240,642
2019 $31,442,976 $12,213,667 $140,589,951 $19,229,309
2018 $19,624,756 $10,582,111 $118,992,060 $9,042,645
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