OLD NEWSBOYS GOODFELLOW FUND OF DETROIT MICHIGAN (EIN 386061491) - 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

1914

Legal Domicile

Principal Officer

MICHAEL J PREDHOMME

Phone

5867756139

Tax Period

2024-02-01 to 2025-01-31

OLD NEWSBOYS GOODFELLOW FUND OF DETROIT MICHIGAN, founded in 1914, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $2.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROMOTE THE WELFARE OF METRO DETROIT AREA UNDERPRIVILEDGED CHILDREN WITH AN EMPHASIS ON THE "NO CHILD WITHOUT A CHRISTMAS" PROGRAM OFFERING GIFT PACKAGES, SHOE VOUCHERS, DENTAL VOUCHERS, CAMP VOUCHERS, AND EDUCATIONAL SCHOLARSHIPS.

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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 $1,217,959

Program Service Revenue $0

Investment Income $384,539

Other Revenue $94,166

TOTAL REVENUE $1,696,664

Expense Breakdown

Grants Paid $1,572,600

Salaries & Benefits $208,985

Fundraising Expenses $79,395

Program Expenses $1,739,435

Other Expenses $383,413

TOTAL EXPENSES $2,164,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,696,664	$1,606,299	+0.1%
Expenses	$2,164,998	$1,704,595	+0.3%
Net Income	$-468,334	$-98,296	+3.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK ASSENDELFT	MEMBER-AT-LA	N/A	Director	$0	$0	$0
COLIN BATTERSBY	ASSISTANT SE	N/A	Director	$0	$0	$0
PATRICK J BRADY	MEMBER-AT-LA	N/A	Director	$0	$0	$0
MICHAEL CROWDER	MEMBER-AT-LA	N/A	Director	$0	$0	$0
DALE DORSEY	MEMBER-AT-LA	N/A	Director	$0	$0	$0
NANCY K FORAN	ASSISTANT TR	N/A	Officer Director	$0	$0	$0
CHARLES M HAMMOND	MEMBER-AT-LA	N/A	Director	$0	$0	$0
THADDEUS KEDZIERSKI	MEMBER-AT-LA	N/A	Director	$0	$0	$0
DANIEL J LACOMBE	MEMBER-AT-LA	N/A	Director	$0	$0	$0
KIMBERLY LIDDELL-LOVE	MEMBER-AT-LA	N/A	Director	$0	$0	$0
ANNE MARIE NICKERT	VICE PRESIDE	N/A	Director	$0	$0	$0
RICK PACYNSKI	PRESIDENT	N/A	Director	$0	$0	$0
MICHAEL J PREDHOMME	TREASURER	N/A	Officer Director	$0	$0	$0
PETER T REDEBAUGH	MEMBER-AT-LA	N/A	Director	$0	$0	$0
JAY REYNOLDS	MEMBER-AT-LA	N/A	Director	$0	$0	$0
KENNY ROBINSON	MEMBER-AT-LA	N/A	Director	$0	$0	$0
AL RUIZ	MEMBER-AT-LA	N/A	Director	$0	$0	$0
TIMOTHY SCALLEN	MEMBER-AT-LA	N/A	Director	$0	$0	$0
MICHAEL SIMONI	SECRETARY	N/A	Officer Director	$0	$0	$0
LAURA WRIGHT	MEMBER-AT-LA	N/A	Director	$0	$0	$0
EMMETT YGLESIAS	MEMBER-AT-LA	N/A	Director	$0	$0	$0
SARI KLOK-SCHNEIDER	EXECUTIVE DI	N/A	Officer	$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
2025	$1,696,664	$2,164,998	$9,089,511	$-468,334
2024	$1,606,299	$1,704,595	$8,834,848	$-98,296
2023	$2,048,432	$1,568,155	$8,727,890	$480,277
2022	$1,875,138	$1,354,383	$8,440,677	$520,755
2021	$1,930,995	$1,512,906	$7,561,172	$418,089

OLD NEWSBOYS GOODFELLOW FUND OF DETROIT MICHIGAN