COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (EIN 382530980) - 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

1984

Legal Domicile

Principal Officer

RICHARD L DEVORE

Phone

3139616675

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN, founded in 1984, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $128.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $117.2M left a modest 9% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE IN SOUTHEAST MICHIGAN. WE PROMOTE AND FACILITATE PERMANENT POSITIVE CHANGE THROUGH THOUGHTFUL PHILANTHROPY, AND WE HELP DONORS INVEST IN ORGANIZATIONS THEY CARE ABOUT NATIONWIDE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $101,212,044

Program Service Revenue $1,071,086

Investment Income $25,893,846

Other Revenue $-3,402

TOTAL REVENUE $128,173,574

Expense Breakdown

Grants Paid $95,386,578

Salaries & Benefits $8,368,663

Fundraising Expenses $1,082,226

Program Expenses $102,550,164

Other Expenses $13,475,046

TOTAL EXPENSES $117,230,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,173,574	$117,489,833	+0.1%
Expenses	$117,230,287	$96,078,374	+0.2%
Net Income	$10,943,287	$21,411,459	-0.5%

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

Volunteers

250

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

$969,485

Total Directors

Key Employees

$1,468,045

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M HEMPSTEAD	TRUSTEE	1.00	Officer Director	$0	$0	$0
DAVID T PROVOST	CHAIR(BEG 7/23)/VICE CHAIR(END 7/23)	1.00	Officer Director	$0	$0	$0
JACK MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES B NICHOLSON	CHAIR (END 06/23)/TRUSTEE	1.50	Officer Director	$0	$0	$0
MARY H WEISER	VICE CHAIR (BEG 07/23)/SECRETARY	1.00	Officer Director	$0	$0	$0
PENNY B BLUMENSTEIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REGINALD M TURNER	VICE CHAIR (END 06/23)/TRUSTEE	0.50	Officer Director	$0	$0	$0
AHMAD CHEBBANI	TRUSTEE	0.50	Director	$0	$0	$0
ALAN E SCHWARTZ	HONORARY TRUSTEE (END 07/23)	0.50	Director	$0	$0	$0
ALBERT M BERRIZ	TRUSTEE (END 06/23)	0.50	Director	$0	$0	$0
ALLAN D GILMOUR	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW L CAMDEN	TRUSTEE	0.50	Director	$0	$0	$0
BARBARA C VAN DUSEN	HONORARY TRUSTEE (BEG 07/23)	0.50	Director	$0	$0	$0
BARBARA L MCQUADE	TRUSTEE	0.50	Director	$0	$0	$0
BONNIE LARSON	TRUSTEE	0.50	Director	$0	$0	$0
BRUCE E NYBERG	TRUSTEE	0.50	Director	$0	$0	$0
CARLA WALKER-MILLER	TRUSTEE	0.50	Director	$0	$0	$0
CHRISTOPHER L RIZIK	TRUSTEE	0.50	Director	$0	$0	$0
CHUCK STOKES	TRUSTEE	0.50	Director	$0	$0	$0
DALE L WATCHOWSKI	TRUSTEE	0.50	Director	$0	$0	$0
DANA M LOCNISKAR	TRUSTEE	0.50	Director	$0	$0	$0
DAVID P LARSEN	TRUSTEE	0.50	Director	$0	$0	$0
ERIC B LARSON	TRUSTEE	0.50	Director	$0	$0	$0
FLORINE MARK	TRUSTEE (END 10/23)	0.50	Director	$0	$0	$0
GARY H TORGOW	TRUSTEE	0.50	Director	$0	$0	$0
GERALD E ROSEN	TRUSTEE	0.50	Director	$0	$0	$0
GLENDA D PRICE	TRUSTEE	0.50	Director	$0	$0	$0
HENRY W LIM	TRUSTEE	0.50	Director	$0	$0	$0
JACKSON GLOVER	HONORARY TRUSTEE (BEG 09/23)	0.50	Director	$0	$0	$0
JENICE C MITCHELL FORD	TRUSTEE	0.50	Director	$0	$0	$0
JENNIFER M FISCHER	TRUSTEE	0.50	Director	$0	$0	$0
JOANN CHAVEZ	VICE CHAIR (BEG 07/23)/TRUSTEE	0.50	Officer Director	$0	$0	$0
JOHN D LEWIS	TRUSTEE	0.50	Director	$0	$0	$0
JOHN M ERB	TRUSTEE	0.50	Director	$0	$0	$0
KAREN SOSNICK SCHOENBERG	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH WHIPPLE	TRUSTEE	0.50	Director	$0	$0	$0
LENA R EPSTEIN	TRUSTEE	0.50	Director	$0	$0	$0
LINDA A WASSERMAN AVIV	TRUSTEE (END 11/23)	0.50	Director	$0	$0	$0
MARIA THOMPSON	TRUSTEE	0.50	Director	$0	$0	$0
MATTHEW P CULLEN	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL E BANNISTER	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL T MONAHAN	HONORARY TRUSTEE	0.50	Director	$0	$0	$0
PAUL C HILLEGONDS	HONORARY TRUSTEE (BEG 07/23)	0.50	Director	$0	$0	$0
PAUL R DIMOND	TRUSTEE	0.50	Director	$0	$0	$0
PAUL TRULIK	TRUSTEE (BEG 07/23)	0.50	Director	$0	$0	$0
PHILLIP WM FISHER	TRUSTEE	0.50	Director	$0	$0	$0
SARAH M EARLEY	TRUSTEE	0.50	Director	$0	$0	$0
SEAN K WERDLOW	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN R POLK	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN K HAMP	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS C BUHL	TRUSTEE	0.50	Director	$0	$0	$0
VIVIAN DAY STROH	TRUSTEE	0.50	Director	$0	$0	$0
W RICKARD SCOFIELD	TRUSTEE (END 05/23)	0.50	Director	$0	$0	$0
WENDY BATISTE-JOHNSON	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM F PICKARD	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM M HERMANN	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM W SHELDEN JR	TRUSTEE	0.50	Director	$0	$0	$0
ZION WILLIAMS	HONORARY TRUSTEE (BEG 09/23)	0.50	Director	$0	$0	$0
RICHARD L DEVORE	PRESIDENT	42.00	Officer	$638,226	$51,905	$690,131
JENILYN NORMAN	VP, FINANCE AND ADMINISTRATION	48.00	Officer	$244,708	$34,646	$279,354
LAURA L BROWNFIELD	GENERAL COUNSEL	40.00	Key Emp	$268,233	$39,774	$308,007
SHERYL G ARB	VP, MARKETING AND COMMUNICATIONS	40.00	Key Emp	$235,091	$46,227	$281,318
KATHRYN G BRISSON	VP, PROGRAM	40.00	Key Emp	$229,290	$43,765	$273,055
RANDALL S ROSS	VP, PHILANTHROPIC SERVICES	40.00	Key Emp	$207,983	$37,235	$245,218
NICOLE SHERARD-FREEMAN	CHIEF OPERATING OFFICER (BEG 07/23)	42.00	Key Emp	$187,920	$721	$188,641
SARAH WEDEPOHL	VP, PROGRAM (BEG 09/23)	48.00	Key Emp	$152,613	$19,193	$171,806
WAFA S DINARO	EXECUTIVE DIRECTOR, NEI	40.00	Highest	$178,030	$29,424	$207,454
OLUBNUMI PARKS	VP, TALENT & CULTURE	40.00	Highest	$161,249	$25,486	$186,735
MATTHEW J LEWIS	CFSEM, DIRECTOR OF GOV AND OPS	40.00	Highest	$153,949	$27,813	$181,762
PATRICK J CARR	INFORMATION SYSTEMS OFFICER	48.00	Highest	$145,234	$30,350	$175,584
BRAD M WESTLAKE	CONTROLLER	48.00	Highest	$150,316	$22,611	$172,927

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	$128,173,574	$117,230,287	$1,142,486,271	$10,943,287
2022	$117,489,833	$96,078,374	$975,088,355	$21,411,459
2021	$250,946,101	$95,156,910	$1,124,768,291	$155,789,191
2020	$119,277,422	$90,399,212	$925,043,905	$28,878,210

COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN