DETROIT EMPLOYMENT SOLUTIONS CORPORATION (EIN 383353746) - 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

2012

Legal Domicile

Principal Officer

DANA WILLIAMS

Phone

3138670674

Tax Period

2024-07-01 to 2025-06-30

DETROIT EMPLOYMENT SOLUTIONS CORPORATION, founded in 2012, is a mid-sized nonprofit in the Employment sector that reported $72.6M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year.

Mission

DETROIT EMPLOYMENT SOLUTIONS CORPORATION (DESC) IS PART OF THE MICHIGAN WORKS! SYSTEM, WHICH IS A NETWORK OF 16 WORKFORCE AGENCIES LOCATED THROUGHOUT THE STATE. THIS SYSTEM HELPS RESIDENTS FIND NEW JOBS, RETAIN EMPLOYMENT, AND ADVANCE THEIR SKILLS. ALSO, SERVICES ARE PROVIDED TO EMPLOYERS TO HELP THEM MEET EMPLOYMENT NEEDS. THE WORKFORCE SYSTEM IN THE CITY IS OVERSEEN BY THE MAYOR'S WORKFORCE DEVELOPMENT BOARD (MWDB). DESC IS THE ADMINISTRATIVE AND FISCAL AGENT FOR THE MWBD. THE BOARD'S STRATEGIC VISION IS TO CONTRIBUTE TO THE REVITALIZATION OF DETROIT BY CREATING A DEMAND-DRIVEN WORKFORCE SYSTEM THAT ENABLES CITIZENS TO ACQUIRE THE KNOWLEDGE AND SKILLS THAT LEAD TO FAMILY-SUSTAINING EMPLOYMENT, WHILE AT THE SAME TIME PROVIDING EMPLOYERS WITH THE SKILLED WORKFORCE THEY NEED TO COMPETE GLOBALLY. THE BOARD'S GOAL IS TO GROW EMPLOYMENT OF DETROITERS BY 40,000 OVER 5 YEARS.

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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 $72,513,508

Program Service Revenue $27,265

Investment Income $8,160

Other Revenue $12,744

TOTAL REVENUE $72,561,677

Expense Breakdown

Grants Paid $46,656,657

Salaries & Benefits $19,804,104

Fundraising Expenses $0

Program Expenses $71,786,986

Other Expenses $12,594,761

TOTAL EXPENSES $79,055,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,561,677	$84,390,253	-0.1%
Expenses	$79,055,522	$88,235,463	-0.1%
Net Income	$-6,493,845	$-3,845,210	+0.7%

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

215

Volunteers

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

$368,192

Total Directors

$19,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK REDMAN	MEMBER-AT-LARGE	0.50	Director	$0	$0	$0
PAUL TRULIK	MEMBER-AT-LARGE	0.50	Director	$0	$0	$0
MATT CROSS	DIRECTOR	0.50	Director	$0	$0	$0
RIAN BARNHILL	DIRECTOR	0.50	Director	$0	$0	$0
JOHN PERKINS	DIRECTOR	0.50	Director	$0	$0	$0
RIC PREUSS	DIRECTOR	0.50	Director	$0	$0	$0
GAIL TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
TERRI WEEMS	DIRECTOR	0.50	Director	$19,000	$0	$19,000
CHRIS UHL	TREASURER	0.50	Officer Director	$0	$0	$0
LENA BARKLEY	SECRETARY	0.50	Officer Director	$0	$0	$0
DANNIS MITCHELL	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ALICE THOMPSON	CHAIR	0.50	Officer Director	$0	$0	$0
DANA WILLIAMS	PRESIDENT & CEO	40.00	Officer	$166,349	$27,193	$193,542
TRACI SASSAK	CFO (ENDED 12/2024)	40.00	Officer	$160,384	$14,266	$174,650
DIANA PROSI	DETROIT AT WORK BRAND MANAGER	40.00	Highest	$166,740	$14,853	$181,593
NNEKA CARTER	SUPPORTIVE SERVICES DIRECTOR	40.00	Highest	$145,450	$8,577	$154,027
STEPHANIE NIXON	CHIEF PROGRAM OFFICER	40.00	Highest	$143,409	$19,322	$162,731
TODD DRYSDALE	DIRECTOR OF FINANCE & ACCOUNTING	40.00	Highest	$140,792	$8,788	$149,580
SARA AZU	CHIEF ADMINISTRATIVE OFFICER	40.00	Highest	$136,918	$6,772	$143,690

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
2025	$72,561,677	$79,055,522	$17,356,468	$-6,493,845
2024	$84,390,253	$88,235,463	$23,560,838	$-3,845,210
2023	$77,242,425	$76,646,039	$26,508,257	$596,386
2022	$61,743,492	$67,729,669	$25,202,052	$-5,986,177
2021	$74,043,951	$64,660,183	$24,331,271	$9,383,768
2020	$58,996,318	$55,388,298	$14,238,847	$3,608,020

DETROIT EMPLOYMENT SOLUTIONS CORPORATION