THE CFA SOCIETY OF DETROIT INC

EIN: 386087152

SALINE, MI

Total Revenue
$257,848
Total Expenses
$247,733
Total Assets
$253,084
Net Assets
$253,084
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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
1970
Legal Domicile
MI
Principal Officer
MATTHEW MONDOUX
Phone
7345462390
Tax Period
2022-07-01 to 2023-06-30

THE CFA SOCIETY OF DETROIT INC, founded in 1970, is a small nonprofit that reported $258K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $248K left a modest 4% surplus.

Mission

WE ARE AN ASSOCIATION OF LOCAL INVESTMENT PROFESSIONALS CONSISTING OF PORTFOLIO MANAGERS, SECURITY ANALYSTS, INVESTMENT ADVISORS, AND OTHER FINANCIAL PROFESSIONALS. WE PROMOTE ETHICAL AND PROFESSIONAL STANDARDS WITHIN THE INVESTMENT INDUSTRY, ENCOURAGE PROFESSIONAL DEVELOPMENT THROUGH THE CFA PROGRAM AND CONTINUING EDUCATION, FACILITATE THE EXCHANGE OF INFORMATION AND OPINIONS AMONG PEOPLE WITHIN THE LOCAL INVESTMENT COMMUNITY AND BEYOND, AND WORK TO FURTHER THE PUBLIC'S UNDERSTANDING OF THE CFA DESIGNATION AND INVESTMENT INDUSTRY. AS ONE OF THE CFA INSTITUTE MEMBER SOCIETIES, OUR SOCIETY CONNECTS MEMBERS TO A GLOBAL NETWORK OF INVESTMENT PROFESSIONALS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $107,307
Program Service Revenue $143,872
Investment Income $5,507
Other Revenue $1,162
TOTAL REVENUE $257,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $247,733
TOTAL EXPENSES $247,733

Year-over-Year Comparison

2022 2021 Change
Revenue $257,848 $216,832 +0.2%
Expenses $247,733 $231,649 +0.1%
Net Income $10,115 $-14,817 -1.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$38,998
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEE DESTEIGER PRESIDENT 2.00
Officer Director
$0 $0 $0
RICHARD CONSUL SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
LAUREN ADAMS VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JASON HALL DIRECTOR 1.00
Director
$0 $0 $0
CHARLES RAGAUSS DIRECTOR 1.00
Director
$0 $0 $0
MATT MONDOUX DIRECTOR 1.00
Director
$0 $0 $0
OLIVIA STACEY DIRECTOR 1.00
Director
$0 $0 $0
SAM WEDDINGTON DIRECTOR EFFECTIVE 7/2022 1.00
Director
$0 $0 $0
JACOB ROMINE DIRECTOR EFFECTIVE 7/2022 1.00
Director
$0 $0 $0
TREVOR BUSHHOUSE DIRECTOR EFFECTIVE 7/2022 1.00
Director
$0 $0 $0
MICHELLE DORAN EXECUTIVE DIRECTOR 24.00
Officer
$38,998 $0 $38,998
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 No data No data No data No data
2024 No data No data No data No data
2023 $257,848 $247,733 $253,084 $10,115
2022 $216,832 $231,649 $235,185 $-14,817
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