DETROIT ECONOMIC GROWTH CORPORATION

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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

1978

Legal Domicile

Principal Officer

KEVIN JOHNSON

Phone

3139632940

Tax Period

2024-07-01 to 2025-06-30

DETROIT ECONOMIC GROWTH CORPORATION, founded in 1978, is a mid-sized nonprofit that reported $10.5M in total revenue in fiscal year 2024.

Mission

PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT

Program Service Accomplishments

Program 1

Expenses: $8,679,722 Revenue: $10,264,211

PROMOTION OF ACTIVITIES TO SPUR ECONOMIC GROWTH AND REVITALIZATION IN THE CITY OF DETROIT

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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 $0

Program Service Revenue $10,264,211

Investment Income $204,359

Other Revenue $0

TOTAL REVENUE $10,468,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,874,016

Fundraising Expenses $0

Program Expenses $8,679,722

Other Expenses $1,558,389

TOTAL EXPENSES $10,432,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,468,570	$10,364,824	+0.0%
Expenses	$10,432,405	$10,446,492	0.0%
Net Income	$36,165	$-81,668	-1.4%

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

N/A

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

$1,031,125

Total Directors

$468,119

Key Employees

$568,973

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN JOHNSON	PRESIDENT AND C.E.O.	55.00	Officer Director	$401,834	$66,285	$468,119
CONRAD L MALLETT JR	CHAIR	1.00	Officer Director	$0	$0	$0
ANDRA RUSH	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL TYSON	TREASURER	1.00	Officer Director	$0	$0	$0
JACCI WOODS	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKYIA AARON	DIRECTOR	1.00	Director	$0	$0	$0
APRIL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN BEATTY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BICKERS	DIRECTOR	1.00	Director	$0	$0	$0
NEAL BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
KOFI BONNER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY DARBY	DIRECTOR	1.00	Director	$0	$0	$0
EVA GARZA DEWAELSCHE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DEWEY	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY ANDREWS ESPY	DIRECTOR	1.00	Director	$0	$0	$0
MOHAMAD HAMMOUD	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH L HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DIMITRIUS HUTCHERSON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE W JACKSON JR	DIRECTOR	1.00	Director	$0	$0	$0
YVETTE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE KING	DIRECTOR	1.00	Director	$0	$0	$0
MARSHAL S KLEVEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LARSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MCLAUCHLAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID E MEADOR	DIRECTOR	1.00	Director	$0	$0	$0
DARRELL MIDDLETON	DIRECTOR	1.00	Director	$0	$0	$0
KHALIL RAHAL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE REAVES	DIRECTOR	1.00	Director	$0	$0	$0
NED STAEBLER	DIRECTOR	1.00	Director	$0	$0	$0
RONALD STALLWORTH	DIRECTOR	1.00	Director	$0	$0	$0
TONY STOVALL	DIRECTOR	1.00	Director	$0	$0	$0
TERENCE A THOMAS SR	DIRECTOR	1.00	Director	$0	$0	$0
GARY TORGOW	DIRECTOR	1.00	Director	$0	$0	$0
ALEXA TURNAGE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES VELLA	DIRECTOR	1.00	Director	$0	$0	$0
HASSAN BEYDOUN	DIRECTOR (EX-OFFICIO)	1.00	Director	$0	$0	$0
MIKE DUGGAN	DIRECTOR (EX-OFFICIO)	1.00	Director	$0	$0	$0
MARY SHEFFIELD	DIRECTOR (EX-OFFICIO)	1.00	Director	$0	$0	$0
GLEN W LONG JR	EXEC. V-P OF ADMIN. AND C.F.O.	50.00	Officer	$271,351	$57,923	$329,274
KENYETTA HAIRSTON-BRIDGES	EXEC. V-P, ECON. DEV. AND INV. SERV.	50.00	Officer	$206,268	$27,464	$233,732
MARLO RENCHER	PRESIDENT, DETROIT MEANS BUSINESS	50.00	Key Emp	$237,966	$50,348	$288,314
REBECCA NAVIN	GENERAL COUNSEL	50.00	Key Emp	$227,992	$52,667	$280,659
DAVID WHITE	VICE-PRESIDENT, BUSINESS DEVELOPMENT	50.00	Highest	$141,021	$39,613	$180,634
DAVID HOWELL	SR. DIR., REAL ESTATE DEVELOPMENT	50.00	Highest	$146,271	$22,129	$168,400
KELLY SHOVAN	CONTROLLER	50.00	Highest	$130,933	$36,115	$167,048
SEAN GRAY	VICE-PRES., SMALL BUSINESS SERVICES	50.00	Highest	$150,393	$13,480	$163,873
TIFFINI SMITH	VICE-PRESIDENT, HUMAN RESOURCES	50.00	Highest	$121,222	$38,835	$160,057
JENNIFER KANALOS	VICE-PRESIDENT, BOARD ADMINISTRATION	50.00	Highest	$143,373	$16,373	$159,746

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	$10,468,570	$10,432,405	$7,805,036	$36,165
2024	$10,364,824	$10,446,492	$7,960,504	$-81,668
2023	$9,492,028	$9,540,649	$8,488,722	$-48,621
2022	$10,420,774	$8,819,151	$7,209,211	$1,601,623
2021	$9,073,481	$8,341,022	$5,612,082	$732,459
2020	$10,136,723	$10,159,135	$5,088,611	$-22,412
2019	$8,704,414	$8,674,384	$4,856,164	$30,030
2018	$8,222,854	$7,946,964	$4,857,565	$275,890