EASTERN MARKET CORPORATION (EIN 320030432) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

KATHARINE TRUDEAU

Phone

3138339300

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE MISSION OF EASTERN MARKET CORPORATION ("EASTERN MARKET") IS TO LEVERAGE ITS DYNAMIC HISTORY, MANAGE OPERATIONS, DEVELOP PROGRAMS, BUILD FACILITIES, AND PROVIDE CRITICAL INFRASTRUCTURE TO STRENGTHEN THE EASTERN MARKET DISTRICT, IMPROVE ACCESS TO HEALTHY, GREEN, AFFORDABLE, AND FAIR FOOD CHOICES IN DETROIT AND THROUGHOUT SOUTHEAST MICHIGAN, AND FORTIFY THE FOOD SECTOR AS A PILLAR OF REGIONAL ECONOMIC GROWTH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,613,638

Program Service Revenue $0

Investment Income $107,858

Other Revenue $1,409,221

TOTAL REVENUE $8,130,717

Expense Breakdown

Grants Paid $158,239

Salaries & Benefits $2,877,823

Fundraising Expenses $431,035

Program Expenses $4,223,933

Other Expenses $2,503,847

TOTAL EXPENSES $5,539,909

Year-over-Year Comparison

	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%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$437,101

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

EASTERN MARKET CORPORATION