THE PARADE COMPANY

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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

1986

Legal Domicile

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 OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY SPONSORING AND COORDINATING A PARADE AND OTHER CIVIC FESTIVALS WITHIN THE CITY OF DETROIT FOR THE BENEFIT, EDUCATION, AND ENJOYMENT OF THE RESIDENTS OF THE STATE OF MICHIGAN, AS WELL AS BY PUBLICIZING ITS PROGRAM AND DISSEMINATING INFORMATION CONCERNING THE ATTRIBUTES OF THE METROPOLITAN DETROIT AREA AND THE STATE OF MICHIGAN IN ORDER TO COMBAT COMMUNITY DETERIORATION, RELIEVE THE BURDENS OF GOVERNMENT, AND LESSEN NEIGHBORHOOD TENSIONS.

Program Service Accomplishments

Program 1

Expenses: $1,815,850

AMERICA'S THANKSGIVING PARADE BRINGS A SPARK OF MAGIC AND BRINGS PEOPLE FROM ALL WALKS OF LIFE TOGETHER TO ENJOY ONE OF DETROIT'S LARGEST AND FREE EVENTS WHERE, FOR ONE SPECIAL MOMENT, FAMILIES CAN BE ENTERTAINED, SHARE A TRADITION, AND CREATE A MEMORY. THE PARADE COMPANY ALSO HELD A FOOD DRIVE TO HELP THOSE IN NEED IN THE COMMUNITY DURING THIS EVENT.

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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 $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

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

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

$1,160,841

Total Directors

$811,888

Key Employees

Highest Compensated

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