DETROIT ECONOMIC GROWTH ASSOCIATION

EIN: 382433720 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$9,165,300
Total Expenses
$7,634,505
Total Assets
$9,973,409
Net Assets
$6,152,249
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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
1982
Legal Domicile
MI
Principal Officer
KEVIN JOHNSON
Phone
3139632940
Tax Period
2024-07-01 to 2025-06-30

DETROIT ECONOMIC GROWTH ASSOCIATION, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $9.2M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 17% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $7,124,940 Revenue: $3,607,404

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,546,024
Program Service Revenue $3,607,404
Investment Income $11,872
Other Revenue $0
TOTAL REVENUE $9,165,300

Expense Breakdown

Grants Paid $1,962,043
Salaries & Benefits $0
Fundraising Expenses $102,000
Program Expenses $7,124,940
Other Expenses $5,570,462
TOTAL EXPENSES $7,634,505

Year-over-Year Comparison

2024 2023 Change
Revenue $9,165,300 $6,597,694 +0.4%
Expenses $7,634,505 $8,094,902 -0.1%
Net Income $1,530,795 $-1,497,208 -2.0%
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

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Governance

Voting Members
38
Independent Members
37
Employees
N/A
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
5
$468,119
Total Directors
38
$468,119
Key Employees
1
$329,274
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN JOHNSON PRESIDENT AND C.E.O. 1.00
Officer Director
$0 $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. 7.00
Key Emp
$0 $57,923 $329,274
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 $9,165,300 $7,634,505 $9,973,409 $1,530,795
2024 $6,597,694 $8,094,902 $7,040,782 $-1,497,208
2023 $4,308,778 $4,371,037 $6,721,664 $-62,259
2022 $5,567,044 $4,723,776 $6,651,865 $843,268
2021 $31,173,419 $30,958,714 $6,793,641 $214,705
2020 $8,243,965 $8,962,770 $6,734,977 $-718,805
2019 $5,908,302 $6,184,179 $6,758,942 $-275,877
2018 $4,135,944 $3,472,908 $6,271,338 $663,036
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