Detroit Impact Inc (EIN 383063817) - 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

1991

Legal Domicile

Phone

3132720004

Tax Period

2024-01-01 to 2024-12-31

Detroit Impact Inc, founded in 1991, is a small nonprofit in the Youth Development sector that reported $202K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $191K left a modest 5% surplus.

Mission

To provide assistance to low income and at risk youth in the community.

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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 $201,568

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,696

Other Expenses $191,087

TOTAL EXPENSES $191,087

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,568	$235,967	-0.1%
Expenses	$191,087	$243,000	-0.2%
Net Income	$10,481	$-7,033	-2.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY KING	CHAIR	10.00	Officer Director	$0	$0	$0
CLARA SCOTT	TREASURER	10.00	Officer Director	$0	$0	$0
GAIL PERRY-MASON	BOARD MEMBER	10.00	Director	$0	$0	$0
HEATHER MILLER	SECRETARY	10.00	Officer Director	$0	$0	$0
MONIQUE PERDUE	BOARD MEMBER	10.00	Director	$0	$0	$0
KENYETTA CAMPBELL	BOARD MEMBER	10.00	Director	$0	$0	$0
CALVIN COLBERT	EXECUTIVE DIRECTOR	40.00	Key Emp	$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	$201,568	$191,087	$27,962	$10,481
2023	$235,967	$243,000	$17,481	$-7,033
2022	$334,986	$345,458	$24,514	$-10,472
2021	$270,992	$273,196	$34,986	$-2,204
2021	$139,839	$143,597	$33,432	$-3,758
2020	$168,563	$130,418	$37,190	$38,145
2020	$168,563	$130,418	$37,190	$38,145
2019	$113,853	$142,941	$-305	$-29,088
2018	$177,238	$147,196	$28,926	$30,042

Detroit Impact Inc