DETROIT ATHLETIC CLUB (EIN 380477160) - 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

1931

Legal Domicile

Principal Officer

CHARLES JOHNSON

Phone

3139639200

Tax Period

2023-01-01 to 2023-12-31

DETROIT ATHLETIC CLUB, founded in 1931, is a mid-sized nonprofit that reported $45.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $41.6M left a modest 9% surplus.

Mission

A DISTINGUISHED PRIVATE CLUB PRESERVING AND CELEBRATING HUMANITY. THE MOST SOUGHT AFTER EXPERIENCE IN 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 $0

Program Service Revenue $34,799,273

Investment Income $1,428

Other Revenue $11,105,665

TOTAL REVENUE $45,906,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,517,742

Fundraising Expenses $0

Other Expenses $16,077,835

TOTAL EXPENSES $41,595,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,906,366	$40,915,628	+0.1%
Expenses	$41,595,577	$36,876,009	+0.1%
Net Income	$4,310,789	$4,039,619	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

656

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

$1,174,329

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VITO P GIOIA II	PRESIDENT	1.00	Officer Director	$0	$0	$0
DERRON M SANDERS	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID T PROVOST	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LORNA UTLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
SHANE HENRY	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID C WALKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL K LOTITO	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS HATHAWAY	DIRECTOR	1.00	Director	$0	$0	$0
J MICHAEL BERNARD	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK MINTURN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FIKANY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL J HUTCHINSON	DIRECTOR	1.00	Director	$0	$0	$0
LORRON E JAMES	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT BRENNAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN FITZGIBBON	DIRECTOR	1.00	Director	$0	$0	$0
JACK BRUSEWITZ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES JOHNSON	EXECUTIVE MANAGER	50.00	Officer	$611,743	$37,489	$649,232
AARON LACKEY	CHIEF FINANCIAL OFFICER	50.00	Officer	$351,581	$28,636	$380,217
JANE JUSZCZYK	ASSISTANT SECRETARY	40.00	Officer	$125,066	$19,814	$144,880
SHAWN LOVING	EXECUTIVE CHEF	50.00	Highest	$317,892	$26,032	$343,924
ROB BARR	ATHLETIC DIRECTOR	50.00	Highest	$223,786	$26,032	$249,818
WENDY EDWARDS	ADVERTISING MANAGER	50.00	Highest	$150,751	$25,116	$175,867
JANE JACOB	DIRECTOR OF HUMAN RESOURCES	50.00	Highest	$149,167	$19,977	$169,144
ELIZABETH KRUSE	CONTROLLER	50.00	Highest	$149,572	$26,032	$175,604

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	$45,906,366	$41,595,577	$72,401,590	$4,310,789
2022	$40,915,628	$36,876,009	$67,757,018	$4,039,619
2021	$32,494,117	$27,518,265	$61,110,304	$4,975,852
2020	$26,042,095	$25,447,791	$60,571,622	$594,304
2019	$35,485,792	$32,024,713	$58,820,490	$3,461,079
2018	$34,055,300	$30,835,285	$58,958,680	$3,220,015

DETROIT ATHLETIC CLUB