SouthWest Detroit Business Association (EIN 382262287) - 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

1957

Legal Domicile

Principal Officer

TONIA PATINO

Tax Period

2023-07-01 to 2024-06-30

SouthWest Detroit Business Association, founded in 1957, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

Facilitate Continuation/Enhancement of Economic Development in Southwest 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 (2023)

Revenue Breakdown

Contributions & Grants $1,249,595

Program Service Revenue $434,639

Investment Income $5,554

Other Revenue $104,733

TOTAL REVENUE $1,794,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,072

Fundraising Expenses $0

Program Expenses $1,166,762

Other Expenses $1,799,658

TOTAL EXPENSES $1,852,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,794,521	$1,406,193	+0.3%
Expenses	$1,852,730	$1,803,274	+0.0%
Net Income	$-58,209	$-397,081	-0.9%

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

$97,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura C Chavez Wazeerud-Din	Executive Director	40.00	Officer	$97,327	$0	$97,327
AHMAD HASAN	DIRECTOR	1.00	Director	$0	$0	$0
MAHJA ZEON	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY HOLDERBAUM	DIRECTOR	1.00	Director	$0	$0	$0
SYLVIA GUCKEN	DIRECTOR	1.00	Director	$0	$0	$0
ELIAS GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
TONIA PATINO	PRESIDENT	40.00	Officer Director	$0	$0	$0
STEVE WEINER	TREASURER	2.00	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
2025	No data	No data	No data	No data
2024	$1,794,521	$1,852,730	$4,471,266	$-58,209
2024	No data	No data	No data	No data
2023	$1,406,193	$1,803,274	$4,560,762	$-397,081
2022	$1,257,069	$1,599,977	$4,507,856	$-342,908
2021	$1,252,239	$1,884,917	$4,937,208	$-632,678
2021	$1,262,825	$1,888,075	$5,095,014	$-625,250
2020	$1,129,354	$1,430,615	$5,036,409	$-301,261

SouthWest Detroit Business Association