FRIENDS OF THE DETROIT RIVER

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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

Principal Officer

JOEL SHERRARD

Phone

7342883889

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE DETROIT RIVER, founded in 1992, is a community nonprofit in the Environment sector that reported $4.3M in total revenue in fiscal year 2023. Expenses of $4.2M left a modest 4% surplus.

Mission

TO PROMOTE AND ENHANCE THE ENVIRONMENTAL, EDUCATIONAL, ECONOMIC, CULTURAL, AND RECREATIONAL OPPORTUNITIES ASSOCIATED WITH THE DETROIT RIVER WATERSHED

Program Service Accomplishments

Program 1

Expenses: $4,108,125

TO EDUCATE THE PUBLIC AND MEMBERS OF THE WATER QUALITY OF THE DETROIT RIVER. TO MONITOR AND EDUCATE THE PUBLIC AND MEMBERS REGARDING WATER CONSERVATION OF THE DETROIT RIVER.

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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 $4,312,887

Program Service Revenue $0

Investment Income $2,802

Other Revenue $13,358

TOTAL REVENUE $4,329,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,465

Fundraising Expenses $0

Program Expenses $4,108,125

Other Expenses $3,706,079

TOTAL EXPENSES $4,173,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,329,047	N/A	N/A
Expenses	$4,173,544	N/A	N/A
Net Income	$155,503	N/A	N/A

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

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

$82,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRICIA BLICHARSKI	EXECUTIVE DI	40.00	Officer	$82,920	$0	$82,920
MATTHEW SHACKELFORD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARY BOHLING	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JOEL SHERRARD	TREASURER	1.00	Officer Director	$0	$0	$0
KAYLA MCROBB	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURINE GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID HOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE MACKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER DRAPER	BOARD MEMBER	1.00	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	$4,329,047	$4,173,544	$2,096,950	$155,503
2023	$5,621,557	$5,685,806	$1,267,665	$-64,249
2022	$11,644,780	$11,723,042	$1,788,588	$-78,262
2021	$4,961,842	$5,462,400	$2,929,234	$-500,558
2020	$2,869,971	$2,865,695	$1,645,661	$4,276
2019	$7,410,049	$6,477,974	$1,452,365	$932,075
2018	$8,586,284	$8,513,162	$1,406,870	$73,122