MINERVA EDUCATION AND DEVELOPMENT FOUNDATION (EIN 383068654) - 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

1992

Legal Domicile

Principal Officer

DR EARLENE J HALL

Phone

3134386333

Tax Period

2023-01-01 to 2023-12-31

MINERVA EDUCATION AND DEVELOPMENT FOUNDATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $172K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 62% operating margin.

Mission

TO PROVIDE SUPPORT FOR AND SERVICES TO THE METROPOLITAN DETROIT COMMUNITY IN THE AREAS OF EDUCATIONAL DEVELOPMENT AND COMMUNITY SERVICES TO FOSTER COMMUNITY GROWTH.

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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 $171,937

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $171,937

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,625

Other Expenses $65,625

TOTAL EXPENSES $65,625

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,937	$103,426	+0.7%
Expenses	$65,625	$77,224	-0.2%
Net Income	$106,312	$26,202	+3.1%

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

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
GWENDOLYN PRATER	VP - OPERATI	3.00	Officer Director	$0	$0	$0
JENICE C MITCHELL FORD	TRUSTEE	1.00	Director	$0	$0	$0
TANYA SMITH	TREASURER	3.00	Officer Director	$0	$0	$0
TRACEY BAGLEY-REED	ASSIST. TREA	3.00	Officer Director	$0	$0	$0
DIANE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DOREEN ODOM	TRUSTEE	1.00	Director	$0	$0	$0
D ANGELINE LAWRENCE	TRUSTEE	1.00	Director	$0	$0	$0
DR JUANDA WITHERSPOON HALL	TRUSTEE	1.00	Director	$0	$0	$0
DR EARLENE J HALL	PRESIDENT	7.00	Officer Director	$0	$0	$0
GLORIA BUTLER MILLER	TRUSTEE	1.00	Director	$0	$0	$0
DR TERRIE HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
MARILYN MAYBERRY	TRUSTEE	1.00	Officer Director	$0	$0	$0
DR ANDREA DUNBAR	TRUSTEE	1.00	Director	$0	$0	$0
CORYLSS CONNORS JENKINS	RECORDING SE	3.00	Officer Director	$0	$0	$0
MIKKI ZACHARY	ASST. RECORD	3.00	Officer Director	$0	$0	$0
DELICIA COLEMAN-MORSON	CORRESPOND S	3.00	Officer Director	$0	$0	$0
JACKIE BROWN-JACKSON	FINANCIAL SE	3.00	Officer Director	$0	$0	$0
DR MICHELLE STORY-STEWART	VP - PROGRAM	3.00	Officer Director	$0	$0	$0
LORI MELLS ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE A CARTER	TRUSTEE	1.00	Director	$0	$0	$0
MILDRED MORTON-CROSS	TRUSTEE	1.00	Director	$0	$0	$0
LOUISE G GUYTON	TRUSTEE	1.00	Director	$0	$0	$0
DOROTHY SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DR MICHELE THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
FAIRE CARTER	ADV. BOARD	N/A	Director	$0	$0	$0
CHARLENE JONES MITCHELL	ADV. BOARD	N/A	Director	$0	$0	$0
SARAH MOORE	ADV. BOARD	N/A	Director	$0	$0	$0
JOAN PRICE	ADV. BOARD	N/A	Director	$0	$0	$0
JENNIFER SMITH	ADV. BOARD	N/A	Director	$0	$0	$0
ANGELIKA SMITH-JONES	ADV. BOARD	N/A	Director	$0	$0	$0
MARGARET TUCKER	ADV. BOARD	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	$171,937	$65,625	$752,117	$106,312
2022	$103,426	$77,224	$590,788	$26,202
2021	$91,966	$59,691	$637,279	$32,275
2020	$71,854	$40,000	$535,581	$31,854
2019	$62,919	$50,344	$180,808	$12,575
2018	$81,280	$77,417	$168,232	$3,863
2017	$105,282	$103,644	$172,746	$1,638

MINERVA EDUCATION AND DEVELOPMENT FOUNDATION