DETROIT BAR ASSOCIATION FOUNDATION

EIN: 381870033 501(c)(3) Education

DETROIT, MI

Total Revenue
$150,443
Total Expenses
$130,627
Total Assets
$428,468
Net Assets
$428,468
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Principal Officer
TRACEY COOLEY STARTED 2024
Phone
3139616120
Tax Period
2023-01-01 to 2023-12-31

DETROIT BAR ASSOCIATION FOUNDATION, founded in 1968, is a small nonprofit in the Education sector that reported $150K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $131K left a modest 13% surplus.

Mission

THE FOUNDATION FACILITATES PROGRAMS THAT IMPROVE THE QUALITY OF LIFE AND THAT HELP MEET THE NEEDS OF THE UNDERSERVED COMMUNITY IN THE DETROIT METROPOLITAN AREA, AND PROVIDING EDUCATIONAL OPPORTUNITIES FOR THE COMMUNITY AND LEGAL PROFESSION THROUGH PARTNERSHIPS WITH MEMBERS OF THE LEGAL COMMUNITY AND RELATED PROFESSIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $167,042
Program Service Revenue $0
Investment Income $17
Other Revenue $-16,616
TOTAL REVENUE $150,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $6,666
Program Expenses $113,884
Other Expenses $130,627
TOTAL EXPENSES $130,627

Year-over-Year Comparison

2023 2022 Change
Revenue $150,443 $219,674 -0.3%
Expenses $130,627 $165,136 -0.2%
Net Income $19,816 $54,538 -0.6%
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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Governance

Voting Members
33
Independent Members
33
Employees
N/A
Volunteers
160

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
3
$0
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND CAREY CHAIR 1.00
Officer Director
$0 $0 $0
JAMES ROSENFELD SECRETARY/TR 1.00
Officer Director
$0 $0 $0
ERIC ABRAMSON TRUSTEE 1.00
Director
$0 $0 $0
THOMAS BISHOFF TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL BUTLER TRUSTEE 1.00
Director
$0 $0 $0
BILL COLOVOS TRUSTEE 1.00
Director
$0 $0 $0
SARAH CYLKOWSKI TRUSTEE 1.00
Director
$0 $0 $0
DANIEL DULWORTH TRUSTEE 1.00
Director
$0 $0 $0
ZENNA ELHASAN TRUSTEE 1.00
Director
$0 $0 $0
TODD FLOOD TRUSTEE 1.00
Director
$0 $0 $0
DONN FRESARD TRUSTEE 1.00
Director
$0 $0 $0
CHIEF JUDGE HON PATRICIA FRESARD TRUSTEE 1.00
Director
$0 $0 $0
LOUIS GOMEZ TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL GRUSKIN TRUSTEE 1.00
Director
$0 $0 $0
MARGARET HOLMAN-JENSEN TRUSTEE 1.00
Director
$0 $0 $0
VEN JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE JOHNSON TIDJANI TRUSTEE 1.00
Director
$0 $0 $0
BRIAN MCKEEN TRUSTEE 1.00
Director
$0 $0 $0
BRE MILLS TRUSTEE 1.00
Director
$0 $0 $0
ROBERT MURKOWSKI TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL OSSY TRUSTEE 1.00
Director
$0 $0 $0
HON LITA POPKE TRUSTEE 1.00
Director
$0 $0 $0
JOHN RHOADES TRUSTEE 1.00
Director
$0 $0 $0
LISA SCREEN TRUSTEE 1.00
Director
$0 $0 $0
SCOTT SEABOLT TRUSTEE 1.00
Director
$0 $0 $0
JOHN SIER TRUSTEE 1.00
Director
$0 $0 $0
JON SRIRO TRUSTEE 1.00
Director
$0 $0 $0
DEVIN SULLIVAN TRUSTEE 1.00
Director
$0 $0 $0
ZENELL BROWN TRUSTEE 1.00
Director
$0 $0 $0
TIFFANY R ELLIS TRUSTEE 1.00
Director
$0 $0 $0
ROGER P MEYERS TRUSTEE 1.00
Director
$0 $0 $0
PAUL J MILLENBACH TRUSTEE 1.00
Director
$0 $0 $0
DAHLIA DALLO ENDED TRUSTEE 1.00
Director
$0 $0 $0
SHEENA LAW-KILLINGER ENDED EXECUTIVE DI 10.00
Officer 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 No data No data No data No data
2023 $150,443 $130,627 $428,468 $19,816
2022 $219,674 $165,136 $405,862 $54,538
2021 $243,573 $142,189 $349,016 $101,384
2020 $179,744 $147,332 $261,539 $32,412
2019 $166,286 $169,263 $214,772 $-2,977
2018 $143,785 $121,290 $216,057 $22,495
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