FRENCH SCHOOL OF DETROIT PARENTS ASSOCIATION (EIN 382695638) - 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

1987

Legal Domicile

Principal Officer

FATIHA TIA LECLAND

Phone

2487889400

Tax Period

2023-07-01 to 2024-06-30

FRENCH SCHOOL OF DETROIT PARENTS ASSOCIATION, founded in 1987, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

PRIVATE SCHOOL

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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 $8,202

Program Service Revenue $1,157,558

Investment Income $2,057

Other Revenue $0

TOTAL REVENUE $1,167,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $938,442

Fundraising Expenses $2,913

Program Expenses $1,450,056

Other Expenses $554,820

TOTAL EXPENSES $1,493,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,167,817	$1,558,118	-0.3%
Expenses	$1,493,262	$1,430,619	+0.0%
Net Income	$-325,445	$127,499	-3.6%

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

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

$62,801

Total Directors

$105,564

Key Employees

$159,905

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY FRIEDMAN	TREASURER	3.00	Officer	$0	$0	$0
BRUCE SELLS	SECRETARY	0.50	Officer	$8,460	$0	$8,460
PASCALE C CORDURIES	DIRECTOR	40.00	Director Key Emp	$105,564	$0	$105,564
MARK GILMORE	VICE PRESIDENT	0.50	Officer	$0	$0	$0
FATEMA SHAFIEE	HONORARY DIRECTOR	0.50	Director	$0	$0	$0
FATIHA TIA LECLAND	PRESIDENT	23.00	Officer Key Emp	$54,341	$0	$54,341

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	No data	No data	No data	No data
2024	$1,167,817	$1,493,262	$1,448,972	$-325,445
2023	$1,558,118	$1,430,619	$1,767,388	$127,499
2022	$1,225,060	$1,210,395	$1,953,744	$14,665
2021	$1,125,533	$1,440,118	$1,626,962	$-314,585
2020	$1,364,534	$1,617,631	$1,925,349	$-253,097

FRENCH SCHOOL OF DETROIT PARENTS ASSOCIATION