DETROIT ECONOMIC GROWTH ASSOCIATION (EIN 382433720) - 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

1982

Legal Domicile

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

PROMOTE ECONOMIC GROWTH 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 $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

Governance

Voting Members

Independent Members

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

$468,119

Total Directors

$468,119

Key Employees

$329,274

Highest Compensated

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

DETROIT ECONOMIC GROWTH ASSOCIATION