COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN (EIN 383445097) - 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

1998

Legal Domicile

Principal Officer

EDDIE FAKHOURY

Phone

5174853588

Tax Period

2024-10-01 to 2025-09-30

COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $9.6M in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum.

Mission

COALITION COMMITTED TO COMMUNITY & ECONOMIC DEVELOPMENT BY BUILDING MEMBERS' CAPACITY, AMPLIFYING THEIR VOICES, & LEVERAGING RESOURCES TO ACHIEVE LASTING & SYSTEMIC CHANGE FOR MICHIGAN.

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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 $8,315,007

Program Service Revenue $1,204,610

Investment Income $49,828

Other Revenue $17,121

TOTAL REVENUE $9,586,566

Expense Breakdown

Grants Paid $1,931,342

Salaries & Benefits $5,445,204

Fundraising Expenses $0

Program Expenses $7,926,205

Other Expenses $2,006,229

TOTAL EXPENSES $9,382,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,586,566	$5,164,060	+0.9%
Expenses	$9,382,775	$5,162,504	+0.8%
Net Income	$203,791	$1,556	+130.0%

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

146

Volunteers

100

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

$157,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON COOPER	DIRECTOR	1.00	Director	$0	$0	$0
RAWLEY VAN FOSSEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MCGREGOR	DIRECTOR	1.00	Director	$0	$0	$0
JAMEKA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CJ FELTON	DIRECTOR	1.00	Director	$0	$0	$0
LISA EVANS	DIRECTOR	1.00	Director	$0	$0	$0
PENNY PAYEA	DIRECTOR	1.00	Director	$0	$0	$0
DANA CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
HOPE LOVELL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN STIMSON	DIRECTOR	1.00	Director	$0	$0	$0
ZOSIA EPPENSTEINER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MICHAUD	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN KIELER	DIRECTOR (ENDED 3/25)	1.00	Director	$0	$0	$0
YELENA RAMAUTAR	DIRECTOR	1.00	Director	$0	$0	$0
CATHERINE DISTELRATH	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY PALACKDHARRY	SECRETARY/VICE PRESNIDENT	1.00	Officer Director	$0	$0	$0
DEAMO MURPHY	DIRECTOR/ SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA AARON-BENIFIELD	TREASURER	1.00	Officer Director	$0	$0	$0
ESSENCE WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE FORREST	EXECUTIVE DIRECTOR (ENDED 1/10/25)	40.00	Officer	$147,215	$9,932	$157,147
EDDIE FAKHOURY	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
RACHEL DISKIN	DIR.& CHEIF TALENT OFFR.(ENDED 3/25)	40.00	Highest	$111,467	$18,093	$129,560
BENJAMIN DOWD	DEPUTY DIRECTOR & COO	40.00	Highest	$108,027	$19,551	$127,578
MADELEINE MARCH-MEENAGH	DIRECTOR OF ECONOMIC INITIATIVES	40.00	Highest	$103,420	$21,786	$125,206

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	$9,586,566	$9,382,775	$4,480,938	$203,791
2024	$5,164,060	$5,162,504	$4,990,698	$1,556
2023	$3,268,290	$3,190,424	$3,086,019	$77,866
2022	$4,096,846	$3,430,945	$2,302,310	$665,901
2021	$2,264,650	$2,089,882	$2,787,287	$174,768
2020	$1,903,505	$1,823,578	$2,895,236	$79,927
2019	$2,071,998	$1,857,737	$1,652,463	$214,261
2018	$1,348,546	$1,277,247	$1,346,690	$71,299

COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION OF MICHIGAN