CONNECT DETROIT (EIN 383570727) - 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

2000

Legal Domicile

Phone

3139675898

Tax Period

2023-01-01 to 2023-12-31

CONNECT DETROIT, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $8.5M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

To strategically solve problems through collaboratives with City of Detroit Departments, nonprofit organizations and local grant makers in order to secure the maximum federal, state, and national foundation dollars for

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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 $7,424,117

Program Service Revenue $1,048,558

Investment Income $20

Other Revenue $34,521

TOTAL REVENUE $8,507,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,439,980

Fundraising Expenses $0

Program Expenses $8,111,985

Other Expenses $3,518,852

TOTAL EXPENSES $8,958,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,507,216	$9,571,498	-0.1%
Expenses	$8,958,832	$9,244,037	0.0%
Net Income	$-451,616	$327,461	-2.4%

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

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

Total Directors

Key Employees

$209,020

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dierk Hall	CEO	040.00	Key Emp	$209,020	$0	$209,020
Glenda Myhand	CAO	040.00	Highest	$128,009	$0	$128,009
SHUNA HAYWARD	Senior Program Director	040.00	Highest	$103,522	$0	$103,522
Dennis J Clark	Chair	001.00	Officer Director	$0	$0	$0
Kimberly Trent	Vice Chair	001.00	Officer Director	$0	$0	$0
Roderick Rickman	Secretary	001.00	Officer Director	$0	$0	$0
Byna Elliott	Treasurer	001.00	Officer Director	$0	$0	$0
Penny Bailer	Board Member	001.00	Director	$0	$0	$0
Brandon H Barton	Board Member	001.00	Director	$0	$0	$0
Tanisha A Sanders	Board Member	001.00	Director	$0	$0	$0
Kevin Smith	Board Member	001.00	Director	$0	$0	$0
Rodney E Cole Sr	Board Member	001.00	Director	$0	$0	$0
Anika Goss Foster	Board Member	001.00	Director	$0	$0	$0
Dale E Thomson	Board Member	001.00	Director	$0	$0	$0
Linda Orlans	Board Member	001.00	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	No data	No data	No data	No data
2023	$8,507,216	$8,958,832	$1,645,018	$-451,616
2023	$8,663,980	$9,127,789	$1,286,895	$-463,809
2022	$9,571,498	$9,244,037	$1,779,055	$327,461
2021	$6,855,540	$6,196,273	$1,231,403	$659,267
2020	$6,140,108	$6,421,880	$795,780	$-281,772
2019	$7,236,682	$7,980,473	$941,343	$-743,791
2018	$8,331,455	$7,830,785	$1,588,996	$500,670

CONNECT DETROIT