DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DETROIT REGIONAL CHAMBER FOUNDATION INC, founded in 1981, is a mid-sized nonprofit in the Community Improvement sector that reported $18.2M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 16% operating margin.
DETROIT REGIONAL CHAMBER FOUNDATION, INC. (THE "FOUNDATION") IS DEDICATED TO GROWING PROGRAMS OR INITIATIVES THAT ARE IMPORTANT TO ENSURING THE DETROIT REGION'S ECONOMY IS ONE OF THE FASTEST GROWING IN THE U.S.
THE DETROIT PROMISE IS THE FOUNDATION'S UMBRELLA SCHOLARSHIP FOR ALL INCOMING COLLEGE STUDENTS, INCLUDING FOUR-YEAR UNIVERSITY STUDENTS FORMALLY ENROLLING THROUGH THE DETROIT COMPACT SCHOLARSHIP...
THE DETROIT PROMISE IS THE FOUNDATION'S UMBRELLA SCHOLARSHIP FOR ALL INCOMING COLLEGE STUDENTS, INCLUDING FOUR-YEAR UNIVERSITY STUDENTS FORMALLY ENROLLING THROUGH THE DETROIT COMPACT SCHOLARSHIP PROGRAM. THE DETROIT PROMISE IS A FOUNDATION ADMINISTERED PROGRAM FUNDED BY THE DETROIT PROMISE ZONE AUTHORITY ("DPZA"). THE DETROIT PROMISE'S ESSENTIAL RESPONSIBILITY IS TO PROVIDE A LAST-DOLLAR SCHOLARSHIP FOR DETROIT HIGH SCHOOL STUDENTS ENTERING AREA COMMUNITY COLLEGES AND PARTICIPATING FOUR-YEAR UNIVERSITIES. PER STATE OF MICHIGAN STATUTE, THE DPZA IS ALLOCATED A PORTION OF STATE PROPERTY TAXES COLLECTED IN THE CITY OF DETROIT FOR THE EXPRESS PURPOSE OF FUNDING A COLLEGE PROMISE PROGRAM. THE DPZA HAS DESINGATED THE FOUNDATION AS ITS PARTNER TO ADMINISTER THIS PROGRAM AND USES THE TAX CAPTURE REVENUE TO ALLOCATE FUNDING TO THE FOUNDATION TO FUND THE PROGRAM WITHIN THE STATUTE GUIDELINES.
MICHAUTO IS MICHIGAN'S ONLY AUTOMOTIVE AND MOBILITY CLUSTER ASSOCIATION TO PROTECT, RETAIN, AND GROW MICHIGAN'S SIGNATURE INDUSTRY WHILE ALSO ENSURING THE STATE'S LEADERSHIP IN ADVANCING THE...
MICHAUTO IS MICHIGAN'S ONLY AUTOMOTIVE AND MOBILITY CLUSTER ASSOCIATION TO PROTECT, RETAIN, AND GROW MICHIGAN'S SIGNATURE INDUSTRY WHILE ALSO ENSURING THE STATE'S LEADERSHIP IN ADVANCING THE DEVELOPMENT AND MANUFACTURING OF NEXT-GENERATION MOBILITY TECHNOLOGY.
THE FOUNDATION LEADS A COMPREHENSIVE EDUCATION AND TALENT PORTFOLIO OF PROGRAM AND POLICY WORK IN THE STATE. WITH THE GOAL TO INCREASE POSTSECONDARY DEGREE ATTAINMENT IN SOUTHEAST MICHIGAN TO 60% BY...
THE FOUNDATION LEADS A COMPREHENSIVE EDUCATION AND TALENT PORTFOLIO OF PROGRAM AND POLICY WORK IN THE STATE. WITH THE GOAL TO INCREASE POSTSECONDARY DEGREE ATTAINMENT IN SOUTHEAST MICHIGAN TO 60% BY 2030, THE CHAMBER'S WORK WILL GROW THE TALENT POOL FOR EMPLOYERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $18,179,877 | $11,974,292 | +0.5% |
| Expenses | $15,285,683 | $13,571,755 | +0.1% |
| Net Income | $2,894,194 | $-1,597,463 | -2.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SANDY K BARUAH | PRESIDENT | 15.00 |
Officer
Director
|
$264,301 | $24,210 | $684,962 |
| KAREN BELANS | TREASURER | 13.00 |
Officer
Director
|
$135,331 | $11,394 | $398,055 |
| MEGAN SPANITZ | VICE- PRESIDENT, RESOURCE | 11.00 |
Officer
Director
|
$102,906 | $11,832 | $379,350 |
| TAMMY CARNRIKE | CHIEF OPERATING OFFICER | 4.00 |
Officer
Director
|
$44,374 | $15,450 | $459,196 |
| GLENN STEVENS | VICE- PRESIDENT, AUTOMOTIV | 37.50 |
Key Emp
|
$285,816 | $9,307 | $295,123 |
| GREGORY HANDEL | VICE PRESIDENT, EDUCATION | 37.50 |
Key Emp
|
$226,454 | $10,881 | $237,335 |
| JASON JURCZYK | SENIOR DIRECTOR, ACCOUNTIN | 13.00 |
Highest
|
$56,159 | $10,127 | $197,323 |
| WENDY NODGE | SENIOR DIRECTOR, SIGNATURE | 1.00 |
Highest
|
$0 | $11,195 | $183,162 |
| JAMES P CONNARN | SENIOR DIRECTOR, MARKETING | 1.00 |
Highest
|
$0 | $5,485 | $186,221 |
| DRAKE A HAYNES | DIRECTOR, INFORMATION TECH | 4.00 |
Highest
|
$13,271 | $8,419 | $141,128 |
| BRADLEY WILLIAMS | SECRETARY & EXECUTIVE DIRE | 17.00 |
Highest
|
$107,517 | $10,879 | $255,236 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $18,179,877 | $15,285,683 | $7,928,051 | $2,894,194 |
| 2024 | $11,974,292 | $13,571,755 | $4,204,793 | $-1,597,463 |
| 2023 | $12,220,449 | $12,845,129 | $5,342,608 | $-624,680 |
| 2022 | $12,985,195 | $9,490,903 | $6,324,468 | $3,494,292 |
| 2021 | $6,948,690 | $6,891,784 | $2,429,607 | $56,906 |
| 2020 | $7,662,933 | $7,422,516 | $2,395,136 | $240,417 |
| 2019 | $8,274,309 | $8,121,052 | $2,112,000 | $153,257 |
| 2018 | $8,879,572 | $7,485,200 | $2,460,111 | $1,394,372 |
Compare DETROIT REGIONAL CHAMBER FOUNDATION INC with other nonprofits in Michigan and across the country.