DETROIT REGIONAL CHAMBER FOUNDATION INC (EIN 382352462) - 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

1981

Legal Domicile

Principal Officer

SANDY BARUAH

Phone

3139644000

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

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.

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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 $17,148,034

Program Service Revenue $974,751

Investment Income $57,092

Other Revenue $0

TOTAL REVENUE $18,179,877

Expense Breakdown

Grants Paid $697,148

Salaries & Benefits $6,669,758

Fundraising Expenses $269,465

Program Expenses $12,670,925

Other Expenses $7,918,777

TOTAL EXPENSES $15,285,683

Year-over-Year Comparison

	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%

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

N/A

Employees

N/A

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

$1,921,563

Total Directors

$1,921,563

Key Employees

$532,458

Highest Compensated

reported

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

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	$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

DETROIT REGIONAL CHAMBER FOUNDATION INC