ENGINEERING SOCIETY OF DETROIT

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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

1936

Legal Domicile

Principal Officer

ROBERT MAGEE

Phone

2483530735

Tax Period

2022-07-01 to 2023-06-30

ENGINEERING SOCIETY OF DETROIT, founded in 1936, is a community nonprofit in the Science & Technology sector that reported $2.2M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year.

Mission

ESD PROMOTES AND CELEBRATES EXCELLENCE, INNOVATION, COOPERATION, PROFESSIONAL GROWTH AND FELLOWSHIP IN THE ENGINEERING, SCIENTIFIC AND ALLIED PROFESSIONS.

Program Service Accomplishments

Program 1

Expenses: $1,528,599 Revenue: $787,029

VARIOUS EDUCATIONAL PROGRAMS INCLUDING THE FUTURE CITY COMPETITION. THE MICHIGAN REGIONAL FUTURE CITY COMPETITION IS A TRANSFORMATIVE, PROJECT BASED LEARNING PROGRAM WHERE STUDENTS IN 6TH, 7TH, AND 8TH GRADES IMAGINE, RESEARCH, DESIGN AND BUILD CITIES OF THE FUTURE. FUTURE CITY IS DESIGNED TO STRENGTHEN STUDENTS' 21ST CENTURY SKILLS, TEACHES THEM ENGINEERING AND CIVICS CONCEPTS, MOTIVATES THEM TO STUDY MATH AND SCIENCE, AND INTRODUCES THEM TO POTENTIAL CAREERS WITHIN THE ENGINEERING FIELD.

Program 2

Expenses: $503,017 Revenue: $296,836

THE GIRLS IN ENGINEERING ACADEMY IS A FOUR-WEEK SUMMER EXPERIENCE AND ACADEMIC YEAR PROGRAM DESIGNED TO ENCOURAGE AND ENGAGE MINORITY FEMALE MIDDLE SCHOOL STUDENTS IN THE SCIENCE, TECHNOLOGY...

THE GIRLS IN ENGINEERING ACADEMY IS A FOUR-WEEK SUMMER EXPERIENCE AND ACADEMIC YEAR PROGRAM DESIGNED TO ENCOURAGE AND ENGAGE MINORITY FEMALE MIDDLE SCHOOL STUDENTS IN THE SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM) FIELDS. GIRLS IN ENGINEERING EXPOSES STUDENTS TO ENGINEERING THROUGH A VARIETY OF HANDS-ON, PROJECT BASED EXPERIENCES AND INDUSTRIAL ORIENTATIONS. THIS ALL FEMALE TAUGHT, RIGOROUS PROGRAM ENHANCES THE GIRLS' COMPETITIVE POSITION AS THEY ENTER HIGH SCHOOL AND COLLEGE AND ULTIMATELY A STEM RELATED CAREER.

Program 3

Expenses: $26,414 Revenue: $33,125

ESD STUDENT CHAPTERS OFFER ENGINEERING STUDENTS THE OPPORTUNITY TO MEET AND NETWORK WITH ENGINEERS AND TECHNICAL PROFESSIONALS, CONNECT WITH STUDENT CHAPTER MEMBERS FROM OTHER UNIVERSITIES, GAIN...

ESD STUDENT CHAPTERS OFFER ENGINEERING STUDENTS THE OPPORTUNITY TO MEET AND NETWORK WITH ENGINEERS AND TECHNICAL PROFESSIONALS, CONNECT WITH STUDENT CHAPTER MEMBERS FROM OTHER UNIVERSITIES, GAIN LEADERSHIP EXPERIENCE AND FIND VALUABLE CONNECTIONS POTENTIALLY LEADING TO INTERNSHIPS, COOP OPPORTUNITIES AND JOBS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $901,662

Program Service Revenue $1,087,146

Investment Income $29,734

Other Revenue $156,981

TOTAL REVENUE $2,175,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $895,882

Fundraising Expenses $14,075

Program Expenses $2,058,030

Other Expenses $1,288,273

TOTAL EXPENSES $2,184,155

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,175,523	$2,297,672	-0.1%
Expenses	$2,184,155	$1,908,568	+0.1%
Net Income	$-8,632	$389,104	-1.0%

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

Volunteers

150

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

$217,835

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BOSS	DIRECTOR	0.50	Director	$0	$0	$0
KATHERINE M BANICKI	DIRECTOR	0.50	Director	$0	$0	$0
PAUL C AJEGBA	DIRECTOR	0.50	Director	$0	$0	$0
SEAN P CONWAY	DIRECTOR	0.50	Director	$0	$0	$0
LORI GATMAITAN	DIRECTOR	0.50	Director	$0	$0	$0
CARLA BAILO	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT PENROD	DIRECTOR	0.50	Director	$0	$0	$0
TREVOR SHERTS	DIRECTOR	0.50	Director	$0	$0	$0
DENISE CARLSON	DIRECTOR	0.50	Director	$0	$0	$0
TERRY WOYCHOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
DR LOUAY CHAMRA	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS MCCARTHY	DIRECTOR	0.50	Director	$0	$0	$0
DAN MILOT	DIRECTOR	0.50	Director	$0	$0	$0
JASMINE SISSON	DIRECTOR	0.50	Director	$0	$0	$0
DR ALEC D GALLIMORE	DIRECTOR	0.50	Director	$0	$0	$0
MARC HUDSON	DIRECTOR	0.50	Director	$0	$0	$0
RONALD R HENRY	DIRECTOR	0.50	Director	$0	$0	$0
DR LEO C KEMPEL	DIRECTOR	0.50	Director	$0	$0	$0
CLAUDE MOLINARI	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BAXA	DIRECTOR	0.50	Director	$0	$0	$0
KIRK T STEUDLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT A RICHARD	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ALEX F IVANIKIW	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL E NICHOLSON	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MAGEE	SECRETARY/EXEC DIRECTOR	40.00	Officer	$204,848	$12,987	$217,835

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,175,523	$2,184,155	$5,265,052	$-8,632
2022	$2,297,672	$1,908,568	$3,603,658	$389,104
2021	$1,724,461	$1,653,563	$3,870,735	$70,898
2020	$1,905,914	$1,902,658	$3,346,195	$3,256
2019	$1,956,622	$1,879,260	$3,166,802	$77,362
2018	$1,738,739	$1,872,546	$3,109,733	$-133,807