DETROIT HEALTHCARE FOR THE HOMELESS (EIN 382724796) - 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

1986

Legal Domicile

Principal Officer

NINA ABUBAKARI

Phone

3134166217

Tax Period

2023-01-01 to 2023-12-31

DETROIT HEALTHCARE FOR THE HOMELESS, founded in 1986, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

TO IMPROVE THE HEALTH STATUS OF THE INDIVIDUALS AND THE COMMUNITIES WE SERVE BY PROVIDING ACCESS TO HIGH QUALITY,RESPECTFUL, AND EFFICIENT HEALTH CARE SERVICES. ADVANTAGE HEALTH CARE CENTERS WILL ALSO BE A CATALYST FOR ACCESS TO HEALTH CARE AND OTHER RESOURCES FOR THOSE WHO WOULD OTHERWISE GO UNSERVED.

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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 $8,489,721

Program Service Revenue $5,192,792

Investment Income $0

Other Revenue $1,037,470

TOTAL REVENUE $14,719,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,737,171

Fundraising Expenses $0

Program Expenses $7,562,396

Other Expenses $7,019,751

TOTAL EXPENSES $14,756,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,719,983	$16,581,404	-0.1%
Expenses	$14,756,922	$13,721,767	+0.1%
Net Income	$-36,939	$2,859,637	-1.0%

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

134

Volunteers

N/A

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

$867,000

Total Directors

$867,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NINA ABUBAKARI	PRESIDENT &	40.00	Officer Director	$242,000	$0	$242,000
ALICE KACHMAN	CHIEF MED. O	40.00	Officer Director	$225,000	$0	$225,000
NICOLE SMITH	CFO	40.00	Officer Director	$200,000	$0	$200,000
RODERIC STRICKLAND	COO	40.00	Officer Director	$200,000	$0	$200,000
IMANI ADEGBUYI	DIRECTOR	N/A	Director	$0	$0	$0
LISA BERDEN	DIRECTOR	N/A	Director	$0	$0	$0
ERIC BROWN	CORPORATE SE	N/A	Officer Director	$0	$0	$0
STACIE DURANT CPA	TREASURER	N/A	Officer Director	$0	$0	$0
PATRICIA WHITE MBA FACHE	DIRECTOR	N/A	Director	$0	$0	$0
LOWELL FERNANDER	DIRECTOR	N/A	Director	$0	$0	$0
KIMBERLY GAEDEKE	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH LANEY JAKSTYS	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES FELTON MHSA	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
STEPHAN RAGAN	VICE-CHAIR	N/A	Officer Director	$0	$0	$0
APRIL ROYSTER	DIRECTOR	N/A	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	$14,719,983	$14,756,922	$15,811,489	$-36,939
2022	$16,581,404	$13,721,767	$17,635,681	$2,859,637
2021	$12,594,944	$12,633,205	$14,348,804	$-38,261
2020	$11,010,654	$12,107,248	$10,261,287	$-1,096,594
2019	$13,846,962	$15,834,665	$10,163,755	$-1,987,703
2018	$18,589,063	$15,189,949	$11,236,983	$3,399,114
2017	$17,403,772	$15,073,165	$8,443,505	$2,330,607

DETROIT HEALTHCARE FOR THE HOMELESS