DETROIT OMEGA FOUNDATION INCORPORATED (EIN 382474892) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

Benjamin Bohannon

Phone

3138759980

Tax Period

2023-01-01 to 2023-12-31

DETROIT OMEGA FOUNDATION INCORPORATED, founded in 1982, is a micro nonprofit in the Education sector that reported $96K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $18K, a strong 19% operating margin.

Mission

The foundation provides four-year scholarships to low-income students. The foundation also has a mentoring program that serves 40 students.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $95,997

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $95,997

Expense Breakdown

Grants Paid $73,262

Salaries & Benefits $0

Fundraising Expenses $884

Program Expenses $73,262

Other Expenses $4,747

TOTAL EXPENSES $78,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,997	$464,687	-0.8%
Expenses	$78,009	$184,946	-0.6%
Net Income	$17,988	$279,741	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Bohannon	President	8.00	Officer	$0	$0	$0
Lynn Sanders	Vice President	6.00	Officer	$0	$0	$0
Evester Carter Jr	Treasurer	6.00	Officer	$0	$0	$0
Derrick Register	Director	1.00	Director	$0	$0	$0
Glenn McIntosh	Director	1.00	Director	$0	$0	$0
Keith Syrkett	Secretary	4.00	Officer	$0	$0	$0
Harold Tyler	Director	2.00	Director	$0	$0	$0
David Forney	Director	1.00	Director	$0	$0	$0
Edwynn Bell	Director	2.00	Director	$0	$0	$0
Lester Thomas	Director	2.00	Director	$0	$0	$0
Cliff Powell	Director	2.00	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
2024	No data	No data	No data	No data
2023	$95,997	$78,009	$448,792	$17,988
2022	$464,687	$184,946	$451,018	$279,741

DETROIT OMEGA FOUNDATION INCORPORATED