ORCHESTRA PLACE RENEWAL PARTNERSHIP

EIN: 383277549 501(c)(3)

DETROIT, MI

Total Revenue
$700,372
Total Expenses
$844,603
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MI
Principal Officer
ANNE PARSONS
Phone
3135765100
Tax Period
2020-09-01 to 2021-08-31

ORCHESTRA PLACE RENEWAL PARTNERSHIP, founded in 1996, is a small nonprofit that reported $700K in total revenue in fiscal year 2020. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $845K exceeded revenue, resulting in a 21% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1
Expenses: $344,700

TO SUPPORT DETROIT SYMPHONY ORCHESTRA, INC. THROUGH DEVELOPMENT OF ORCHESTRA PLACE INTO A MULTI-CULTURAL ARTS AND EDUCATION CENTER TO FURTHER REVITALIZE THE SURROUNDING AREA.

Program 2
Expenses: $474,563 Revenue: $700,372

RENTAL OF PARKING DECK - OPERATING IN AN EMPOWERMENT ZONE TO ALLEVIATE POVERTY, UNEMPLOYMENT AND GENERAL DISTRESS WITHIN AN EMPOWERMENT ZONE IN THE CITY OF DETROIT.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $700,372
Investment Income $0
Other Revenue $0
TOTAL REVENUE $700,372

Expense Breakdown

Grants Paid $344,700
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $819,263
Other Expenses $499,903
TOTAL EXPENSES $844,603

Year-over-Year Comparison

2020 2019 Change
Revenue $700,372 $930,365 -0.2%
Expenses $844,603 $1,232,861 -0.3%
Net Income $-144,231 $-302,496 -0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
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
3
$390,551
Total Directors
3
$390,551
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE PARSONS SECRETARY 2.00
Officer Director
$0 $35,210 $390,551
ARTHUR O'REILLY PRESIDENT 1.00
Officer Director
$0 $0 $0
FAYE NELSON TREASURER 1.00
Officer 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
2021 $700,372 $844,603 No data $-144,231
2020 $930,365 $1,232,861 $3,741,891 $-302,496
2019 $1,083,548 $1,336,797 $4,007,756 $-253,249
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