DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EASTERN MARKET CORPORATION, founded in 2006, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 32% operating margin.
EASTERN MARKET IS ORGANIZED TO COMBAT COMMUNITY DETERIORATION AND TO LESSEN THE BURDENS OF GOVERNMENT IN MANAGING ITS PUBLIC MARKET THAT HAS SERVED DETROIT SINCE 1891.EASTERN MARKET OPERATES THE MARKET UNDER AN AGREEMENT WITH THE CITY OF DETROIT, WHICH OWNS THE FACILITY. EASTERN MARKET HAS DEVELOPED A CAPITAL IMPROVEMENT PLAN AND IS IMPLEMENTING A SERIES OF CAPITAL IMPROVEMENTS TO IMPROVE THE MARKET'S ABILITY TO SERVE AS A FOOD CENTER FOR DETROIT AND AS A CATALYST FOR ECONOMIC DEVELOPMENT. THE STAKEHOLDERS' VISION FOR THE EASTERN MARKET DISTRICT (THE "MARKET") IS TO LEVERAGE THE ATTRACTION AND LEGACY OF THE MARKET, TO BUILD A DYNAMIC, DIVERSE, AND UNIQUE URBAN DISTRICT, AND TO STRENGTHEN THE IDENTITY OF THE MARKET AS A FOOD-RELATED DISTRICT BY ENHANCING THE OPERATIONS OF THE EXISTING PUBLIC MARKET AND BY DEVELOPING BUSINESS OPPORTUNITIES FOR SPECIALTY FOOD RETAILERS, FOOD WHOLESALE OPERATIONS, RESTAURANTS, FOOD DISTRIBUTORS, AND FOOD PROCESSORS.
PUBLIC MARKET ACTIVITIES: FEES FOR THE USE OF MARKET FACILITIES AND LOTS, AS WELL AS SHED STALL LEASES TO PROVIDE MARKET VENDORS ACCESS TO THE PUBLIC IN A CENTRALIZED LOCATION INCLUDING 52 SATURDAY...
PUBLIC MARKET ACTIVITIES: FEES FOR THE USE OF MARKET FACILITIES AND LOTS, AS WELL AS SHED STALL LEASES TO PROVIDE MARKET VENDORS ACCESS TO THE PUBLIC IN A CENTRALIZED LOCATION INCLUDING 52 SATURDAY MARKETS, NUMEROUS SUNDAY AND TUESDAY MARKETS, AND SEVERAL PRIVATE FACILITY RENTALS
FOOD ACCESS SUPPORT PROGRAM: COMMUNITY BASED POP-UP MOBILE MARKET THAT IMPROVES ACCESS TO FRESH, HEALTHY FOOD AND PROVIDES NUTRITION EDUCATION
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,130,717 | $4,869,009 | +0.7% |
| Expenses | $5,539,909 | $6,029,449 | -0.1% |
| Net Income | $2,590,808 | $-1,160,440 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CINDY PASKY | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DONALD RENCHER | VICE-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DREW PATRICK | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUDITH MCNEELY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BJ BELCOURE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAY BONAHOOM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RON BRUNDIDGE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FRED DURHAL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANK GERMACK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VIOLET GINTSIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARMOND HARRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LATISHA JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK KALTZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN KUNG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLOS PARISI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LUKE POLCYN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCE SANNA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE SPENCER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SANDRA YU STAHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOSHA TABRON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JONI THROWER-DAVIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL CARMODY | CHIEF EXECUTIVE OFFICER | 50.00 |
Officer
|
$194,423 | $2,600 | $197,023 |
| KATHARINE TRUDEAU | PRESIDENT | 39.00 |
Officer
|
$109,904 | $0 | $109,904 |
| DIETRICH KNOER | EXECUTIVE DIRECTOR, EMDC | 1.00 |
Officer
|
$130,174 | $0 | $130,174 |
| BRANDON SENG | DIRECTOR OF PROGRAMS | 40.00 |
Highest
|
$125,000 | $0 | $125,000 |
| PERCOLA BROOKS | DIRECTOR OF ACCOUNTING | 40.00 |
Highest
|
$102,570 | $0 | $102,570 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $8,130,717 | $5,539,909 | $14,377,658 | $2,590,808 |
| 2023 | $8,142,117 | $5,545,331 | $14,377,658 | $2,596,786 |
| 2022 | $4,869,009 | $6,029,449 | $10,937,880 | $-1,160,440 |
| 2021 | $5,663,087 | $6,049,081 | $12,535,453 | $-385,994 |
| 2020 | $5,232,289 | $5,170,015 | $13,522,982 | $62,274 |
| 2019 | $9,720,478 | $7,091,073 | $11,948,347 | $2,629,405 |
| 2018 | $4,835,515 | $6,061,333 | $9,606,364 | $-1,225,818 |
Compare EASTERN MARKET CORPORATION with other nonprofits in Michigan and across the country.