DOWNTOWN DETROIT PARTNERSHIP INC

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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

1998

Legal Domicile

Principal Officer

ERIC B LARSON

Phone

3135668250

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN DETROIT PARTNERSHIP INC, founded in 1998, is a mid-sized nonprofit in the Community Improvement sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 18% operating margin.

Mission

OUR MISSION IS TO ADVANCE DETROIT BY DRIVING ENGAGEMENT, DEVELOPMENT AND PROGRAMS THAT BENEFIT BUSINESSES, RESIDENTS AND VISITORS THROUGHOUT THE DOWNTOWN'S URBAN CORE. WE STRENGTHEN AND SUPPORT DOWNTOWN DETROIT THROUGH STRATEGIC INITIATIVES AND PROGRAMS THAT EVOLVE WITH THE CHANGING NEEDS OF THE COMMUNITY. DDP CONVENES BUSINESS, PHILANTHROPIC AND GOVERNMENT PARTNERS TO ENSURE THAT EFFORTS IN THE CREATION OF A VIBRANT URBAN CORE FOR DETROIT ARE BALANCED AND ALL PERSPECTIVES ARE CONSIDERED.

Program Service Accomplishments

Program 1

Expenses: $1,665,951 Revenue: $2,648,125

CLEAN DOWNTOWN - THE PROJECT AIMS TO MAINTAIN A HIGH STANDARD OF CLEANLINESS FOR DOWNTOWN DETROIT BY PROVIDING DAILY CLEANUP IN THE AREA WITHIN THE DOWNTOWN FREEWAY SYSTEM AND NEIGHBORING DISTRICTS. UNIFORMED GOODWILL INDUSTRIES WORKERS SWEEP STREETS AND POWER-WASH SIDEWALKS, CLEAR TRASH, AND REMOVE GRAFFITI TO KEEP THE CITY CLEAN AND INVITING.

Program 2

Expenses: $344,389

HOLIDAY LIGHTING - DDP ILLUMINATES DOWNTOWN DURING THE HOLIDAYS AND THROUGHOUT THE YEAR. THE DOWNTOWN LIGHTING PROGRAM ENHANCES THE PHYSICAL CHARACTERISTICS OF DOWNTOWN BY BRIGHTENING THE STREETSCAPE FOR THE ENTIRE DETROIT COMMUNITY. THE DDP IS RESPONSIBLE FOR INSTALLING DISTINCTIVE LIGHTING ON STREET POLES AND IN TREES, AS WELL AS FOR DESIGNING AND IMPLEMENTING DAZZLING HOLIDAY LIGHT DISPLAYS IN BEACON PARK, CAMPUS MARTIUS PARK AND OTHER FAVORITE DOWNTOWN PUBLIC SPACES.

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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 $7,399,875

Program Service Revenue $2,650,660

Investment Income $9,241

Other Revenue $0

TOTAL REVENUE $10,059,776

Expense Breakdown

Grants Paid $112,500

Salaries & Benefits $1,573,796

Fundraising Expenses $243,920

Program Expenses $6,390,311

Other Expenses $6,578,116

TOTAL EXPENSES $8,264,412

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,059,776	$4,954,638	+1.0%
Expenses	$8,264,412	$5,358,810	+0.5%
Net Income	$1,795,364	$-404,172	-5.4%

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

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

$1,365,882

Total Directors

$670,413

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC B LARSON	CEO	36.00	Officer Director	$528,576	$22,145	$550,721
CARI EASTERDAY-KAR START 423	VICE PRESIDENT/CFO/ASST TREASURER	10.00	Officer Director	$0	$0	$119,692
CYNTHIA PASKY	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL LOEPP	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW CULLEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
AMY SOLEK	DIRECTOR	1.00	Director	$0	$0	$0
ANDRA RUSH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CANTOR	DIRECTOR	1.00	Director	$0	$0	$0
ARN TELLUM	DIRECTOR	1.00	Director	$0	$0	$0
BISHOP EDGAR VAN II	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON PIGGOTT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ILITCH	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE BUD DENKER	DIRECTOR	1.00	Director	$0	$0	$0
CONRAD MALLET JR	DIRECTOR	1.00	Director	$0	$0	$0
DAN GILBERT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EGNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FOLYTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GIRODAT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MASSARON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PARENT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUUD	DIRECTOR	1.00	Director	$0	$0	$0
DR KIMBERLY ESPY START 923	DIRECTOR	1.00	Director	$0	$0	$0
ELIE TORGOW	DIRECTOR	1.00	Director	$0	$0	$0
JAMES E WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
JERRY NORCIA	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BLANCHARD	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WAYWARD	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN VOIGHT	DIRECTOR	1.00	Director	$0	$0	$0
LATRICE MCCLENDON START 2023	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GRANNEMANN	DIRECTOR	1.00	Director	$0	$0	$0
MARK WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN BEATTY	DIRECTOR	1.00	Director	$0	$0	$0
MARY CULLER	DIRECTOR	1.00	Director	$0	$0	$0
MICAHEL RICHIE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BEAUREGARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BICKERS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCLAUCHLAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
PETER KELLET	DIRECTOR	1.00	Director	$0	$0	$0
RIC DEVORE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD RAPSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RINEY	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY WOOD	DIRECTOR	1.00	Director	$0	$0	$0
ROGER PENSKE	DIRECTOR	1.00	Director	$0	$0	$0
RONALD GANTNER	DIRECTOR	1.00	Director	$0	$0	$0
SANDY PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ROSS	DIRECTOR	1.00	Director	$0	$0	$0
TERRAH OPFERMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY NICHOLSON	TREASURER	1.00	Director	$0	$0	$0
WARREN EVANS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CLAY FORD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KINGSLEY	DIRECTOR	1.00	Director	$0	$0	$0
MELANCA CLARK END 1023	DIRECTOR	1.00	Director	$0	$0	$0
PAUL TRULIK END 323	TREASURER/SECRETARY	10.00	Officer Director	$0	$0	$0
GINA CAVILERE	CHIEF COMMUNITY IMPACT OFFICER	1.00	Officer	$209,800	$46,542	$256,342
LILA ASANTE-APPIAH	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$153,778	$32,599	$186,377
DAVID COWAN	CHIEF PUBLIC SPACES OFFICER	1.00	Officer	$137,826	$24,531	$162,357
ROBERT GREGORY END 723	SR. CONSULTANT STRATEGY & PUBLIC SPACES(END 3/23)	1.00	Officer	$0	$0	$90,393

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	$10,059,776	$8,264,412	$7,493,759	$1,795,364
2022	$4,954,638	$5,358,810	$3,938,361	$-404,172
2021	$4,022,133	$4,046,031	$2,747,709	$-23,898
2020	$3,538,037	$3,367,212	$2,934,097	$170,825
2019	$3,984,960	$4,408,210	$2,897,807	$-423,250
2018	$4,383,400	$4,417,244	$4,330,862	$-33,844