DETROIT ARTISTS MARKET (EIN 381539993) - 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

1987

Legal Domicile

Principal Officer

KATE BAKER

Phone

3138328540

Tax Period

2023-08-01 to 2024-07-31

DETROIT ARTISTS MARKET, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $257K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $337K exceeded revenue, resulting in a 31% operating deficit.

Mission

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $221,032

Program Service Revenue $0

Investment Income $-199

Other Revenue $36,593

TOTAL REVENUE $257,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,944

Fundraising Expenses $55,972

Program Expenses $253,241

Other Expenses $170,255

TOTAL EXPENSES $337,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,426	$305,171	-0.2%
Expenses	$337,199	$256,507	+0.3%
Net Income	$-79,773	$48,664	-2.6%

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

$26,154

Total Directors

$26,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIAH DAVIS	EXECUTIVE DI	40.00	Officer Director	$26,154	$0	$26,154
KATE BAKER	CHAIR	1.00	Director	$0	$0	$0
DENISE FREITAG	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE GRAVES	COMMITTEE CH	1.00	Director	$0	$0	$0
RAQUEL HARDY	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG MCELROY	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLE MORISSEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIZOBA ONWUZURIKE	SECRETARY	1.00	Director	$0	$0	$0
MONIQUE RILEY	BOARD MEMBER	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
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

DETROIT ARTISTS MARKET