Detroit Historical Society (EIN 381381144) - 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

1921

Legal Domicile

Principal Officer

Elana Rugh

Phone

3138331805

Tax Period

2024-07-01 to 2025-06-30

Detroit Historical Society, founded in 1921, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $7.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

The Detroit Historical Society tells Detroit's stories and why they matter.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,199,877

Program Service Revenue $923,010

Investment Income $242,680

Other Revenue $226,123

TOTAL REVENUE $5,591,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,378,965

Fundraising Expenses $1,096,838

Program Expenses $4,655,088

Other Expenses $2,745,354

TOTAL EXPENSES $7,124,319

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,591,690	$7,211,435	-0.2%
Expenses	$7,124,319	$6,771,042	+0.1%
Net Income	$-1,532,629	$440,393	-4.5%

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

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

$577,974

Total Directors

$294,345

Key Employees

$386,018

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John P Decker	Chairperson	1.00	Officer Director	$0	$0	$0
Thomas C Buhl	Past Chairperson	1.00	Officer Director	$0	$0	$0
Linda Schlesinger-Wagner	1st Vice Chairperson	1.00	Officer Director	$0	$0	$0
Mark J Albrecht	2nd Vice Chairperson	1.00	Officer Director	$0	$0	$0
Elana Rugh	President & CEO	40.00	Officer Director	$275,269	$19,076	$294,345
Greg Nowak	Treasurer	1.00	Officer Director	$0	$0	$0
Dante Stella	Secretary	1.00	Officer Director	$0	$0	$0
Lawrence N Bluth	Trustee	1.00	Director	$0	$0	$0
Lindsay Joseph	Trustee	1.00	Director	$0	$0	$0
Jeffrey Lambrecht	Trustee	1.00	Director	$0	$0	$0
Francis W McMillan II	Trustee	1.00	Director	$0	$0	$0
Kenneth J Svoboda	Trustee	1.00	Director	$0	$0	$0
Camille Walker Banks	Trustee	1.00	Director	$0	$0	$0
Markeith Weldon	Trustee	1.00	Director	$0	$0	$0
Akosua Barthwell Evans	Trustee	1.00	Director	$0	$0	$0
Marc Bland	Trustee	1.00	Director	$0	$0	$0
Paul Boehms	Trustee	1.00	Director	$0	$0	$0
Gary Brown	Trustee	1.00	Director	$0	$0	$0
Jim Deutchman	Trustee	1.00	Director	$0	$0	$0
Douglas Dossin	Trustee	1.00	Director	$0	$0	$0
Lena Epstein	Trustee	1.00	Director	$0	$0	$0
Michael Fisher Jr	Trustee	1.00	Director	$0	$0	$0
Robert Gillette Jr	Trustee	1.00	Director	$0	$0	$0
F Neal Gram III	Trustee	1.00	Director	$0	$0	$0
Sean Gray	Trustee	1.00	Director	$0	$0	$0
Frederick Hall	Trustee	1.00	Director	$0	$0	$0
Rainy Hamilton	Trustee	1.00	Director	$0	$0	$0
Daniel Kaufman	Trustee	1.00	Director	$0	$0	$0
Bernie Kent	Trustee	1.00	Director	$0	$0	$0
Jin-Kyu Koh	Trustee	1.00	Director	$0	$0	$0
Michael Kosonog	Trustee	1.00	Director	$0	$0	$0
Margery Krevsky-Dosey	Trustee	1.00	Director	$0	$0	$0
Chauncey Mayfield II	Trustee	1.00	Director	$0	$0	$0
Chris Onwuzurike	Trustee	1.00	Director	$0	$0	$0
Joseph Parke	Trustee	1.00	Director	$0	$0	$0
Jeanette Pierce	Trustee	1.00	Director	$0	$0	$0
Leslye Rosenbaum	Trustee	1.00	Director	$0	$0	$0
Rick Ruffner	Trustee	1.00	Director	$0	$0	$0
Jonathan B Rumley	Trustee	1.00	Director	$0	$0	$0
Lois Shaevsky	Trustee	1.00	Director	$0	$0	$0
Dana Sorensen	Trustee	1.00	Director	$0	$0	$0
Coriel Taylor	Trustee	1.00	Director	$0	$0	$0
Ron Taylor	Trustee	1.00	Director	$0	$0	$0
Paul Van Tol	Trustee	1.00	Director	$0	$0	$0
Jean Vernor	Trustee	1.00	Director	$0	$0	$0
Mary Waters	Trustee	1.00	Director	$0	$0	$0
Matthew Greenough	Chief Financial Officer	40.00	Officer	$113,565	$23,409	$136,974
Tracy Irwin	Chief Exhibition Officer	40.00	Officer	$128,903	$17,752	$146,655
Rebecca Witt	Chief Strategy & Marketing Officer	40.00	Key Emp	$172,500	$2,095	$174,595
Douglas Czajkowski	VP of Development	40.00	Key Emp	$198,216	$13,207	$211,423
Alicia Jeffreys Ended	Trustee	1.00	Director	$0	$0	$0
Judith Knudsen Christie Ended	Trustee	1.00	Director	$0	$0	$0
Ned Staebler Ended	Trustee	1.00	Director	$0	$0	$0

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	$5,591,690	$7,124,319	$9,298,497	$-1,532,629
2024	No data	No data	No data	No data
2023	$8,571,688	$5,740,337	$9,044,979	$2,831,351
2022	$4,585,280	$4,914,290	$6,471,527	$-329,010
2021	$2,562,999	$4,218,465	$7,659,036	$-1,655,466
2020	$2,440,000	$4,143,821	$8,852,742	$-1,703,821
2019	$3,713,021	$4,055,330	$9,818,031	$-342,309
2018	$3,550,435	$4,625,398	$10,511,776	$-1,074,963

Detroit Historical Society