THE PARADE COMPANY

EIN: 382684772 501(c)(3) Recreation & Sports

DETROIT, MI

Total Revenue
$6,525,617
Total Expenses
$4,610,457
Total Assets
$9,805,289
Net Assets
$9,532,959
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MI
Principal Officer
ANTHONY MICHAELS
Phone
3139237400
Tax Period
2024-02-01 to 2025-01-31

THE PARADE COMPANY, founded in 1986, is a community nonprofit in the Recreation & Sports sector that reported $6.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 29% operating margin.

Mission

TO UNITE AND BRING PEOPLE FROM ALL WALKS OF LIFE TOGETHER TO CELEBRATE THE TRADITION AND CREATE A MEMORY FOR THEIR LIFETIMES

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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 $7,374,048
Program Service Revenue $0
Investment Income $17,758
Other Revenue $-866,189
TOTAL REVENUE $6,525,617

Expense Breakdown

Grants Paid $1,027,137
Salaries & Benefits $0
Fundraising Expenses $2,163,897
Program Expenses $1,815,850
Other Expenses $3,432,920
TOTAL EXPENSES $4,610,457

Year-over-Year Comparison

2024 2023 Change
Revenue $6,525,617 $5,658,340 +0.2%
Expenses $4,610,457 $3,864,343 +0.2%
Net Income $1,915,160 $1,793,997 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
2000

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
6
$1,160,841
Total Directors
15
$811,888
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY T MICHAELS PRESIDENT AND C.E.O. 5.00
Officer Director
$0 $0 $811,888
ROBERT G RINEY CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL J LOEPP IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW J HOWELL TREASURER 1.00
Officer Director
$0 $0 $0
ROD ALBERTS DIRECTOR 1.00
Director
$0 $0 $0
VAN CONWAY DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW P CULLEN DIRECTOR 1.00
Director
$0 $0 $0
BUD DENKER DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH I DINGELL DIRECTOR 1.00
Director
$0 $0 $0
LINDA FORTE DIRECTOR 1.00
Director
$0 $0 $0
ERIC LARSON DIRECTOR 1.00
Director
$0 $0 $0
RYAN MAIBACH DIRECTOR 1.00
Director
$0 $0 $0
SEAN MORAN DIRECTOR 1.00
Director
$0 $0 $0
SANDRA E PIERCE DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW J SIMONCINI DIRECTOR 1.00
Director
$0 $0 $0
JESSICA KAMINSKAS CHIEF OPERATING OFFICER 5.00
Officer
$0 $0 $228,240
SHAMBHAVI SRIHARSHA VICE-PRES., HUMAN RES. AND FINANCE 5.00
Officer
$0 $0 $120,713
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 $6,525,617 $4,610,457 $9,805,289 $1,915,160
2024 $5,658,340 $3,864,343 $7,706,726 $1,793,997
2023 $6,315,900 $3,251,174 $6,141,546 $3,064,726
2022 $3,267,080 $3,261,112 $3,309,193 $5,968
2021 $2,591,769 $2,057,528 $3,504,517 $534,241
2020 $3,096,962 $3,146,774 $3,155,810 $-49,812
2019 $2,832,130 $3,261,765 $3,824,425 $-429,635
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