DETROIT ARTISTS MARKET

EIN: 381539993 501(c)(3) Arts, Culture & Humanities

DETROIT, MI

Total Revenue
$331,840
Total Expenses
$426,524
Total Assets
$308,273
Net Assets
$256,472
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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
1987
Legal Domicile
MI
Principal Officer
MIAH DAVIS
Phone
3138328540
Tax Period
2024-08-01 to 2025-07-31

DETROIT ARTISTS MARKET, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $427K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROMOTING AND EXHIBITING WORK OF SOUTHEASTERN MICHIGAN ARTISTS.

Program Service Accomplishments

Program 1
Expenses: $303,739 Revenue: $59,620

PROMOTING AND EXHIBITING WORK OF SOUTHEASTERN MICHIGAN ARTISTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $302,041
Program Service Revenue $0
Investment Income $2
Other Revenue $29,797
TOTAL REVENUE $331,840

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,310
Fundraising Expenses $85,317
Program Expenses $303,739
Other Expenses $216,214
TOTAL EXPENSES $426,524

Year-over-Year Comparison

2024 2023 Change
Revenue $331,840 $257,426 +0.3%
Expenses $426,524 $337,199 +0.3%
Net Income $-94,684 $-79,773 +0.2%
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

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Governance

Voting Members
13
Independent Members
12
Employees
3
Volunteers
20

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
2
$83,977
Total Directors
13
$83,977
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIAH DAVIS EXECUTIVE DI 40.00
Officer Director
$83,977 $0 $83,977
KATE BAKER PRESIDENT 4.00
Officer Director
$0 $0 $0
ROGER GARRETT DIRECTOR 4.00
Director
$0 $0 $0
JENNIFER GIROUX SECRETARY 4.00
Director
$0 $0 $0
LESLIE GRAVES VP & TREASUR 4.00
Director
$0 $0 $0
DOUG MCELROY DIRECTOR 4.00
Director
$0 $0 $0
CAROLE MORISSEAU DIRECTOR 4.00
Director
$0 $0 $0
MONIQUE RILEY DIRECTOR 4.00
Director
$0 $0 $0
JAINELLE ROBINSON DIRECTOR 4.00
Director
$0 $0 $0
NJERI RUTHERFORD DIRECTOR 4.00
Director
$0 $0 $0
JEREMIAH STEEN DIRECTOR 4.00
Director
$0 $0 $0
TIARA TINNIN DIRECTOR 4.00
Director
$0 $0 $0
KIANA WENZELL DIRECTOR 4.00
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 $331,840 $426,524 $308,273 $-94,684
2024 $257,426 $337,199 $440,956 $-79,773
2023 $305,171 $256,507 $522,432 $48,664
2022 $246,278 $311,424 $358,384 $-65,146
2021 $384,964 $343,077 $450,964 $41,887
2020 $398,649 $374,011 $380,809 $24,638
2019 $308,662 $380,923 $323,568 $-72,261
2018 $349,863 $348,698 $390,595 $1,165
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