FRISCHKORN MEMORIAL FUND FOR SEVEN PONDS

EIN: 386646184 501(c)(3)

DETROIT, MI

Total Revenue
$16,374
Total Expenses
$264,370
Total Assets
N/A
Net Assets
N/A
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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
1994
Legal Domicile
MI
Phone
3132220338
Tax Period
2019-10-01 to 2020-09-30

FRISCHKORN MEMORIAL FUND FOR SEVEN PONDS, founded in 1994, is a micro nonprofit that reported $16K in total revenue in fiscal year 2019. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $264K exceeded revenue, resulting in a 1515% operating deficit.

Mission

TO DISTRIBUTE NET INCOME TO SUPPORT ACTIVITIES OF PRESERVING AND CONSERVING REFUGES AND SANCTUARIES FOR WILDLIFE TO RETAIN HABITAT IN ITS NATURAL FORM

Program Service Accomplishments

Program 1
Expenses: $259,749

DISTRIBUTED NET INCOME TO SEVEN PONDS NATURE CENTER

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $16,374
Other Revenue $0
TOTAL REVENUE $16,374

Expense Breakdown

Grants Paid $259,749
Salaries & Benefits $2,621
Fundraising Expenses $0
Program Expenses $259,749
Other Expenses $2,000
TOTAL EXPENSES $264,370

Year-over-Year Comparison

2019 2018 Change
Revenue $16,374 $54,938 -0.7%
Expenses $264,370 $25,591 +9.3%
Net Income $-247,996 $29,347 -9.5%
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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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
0
$0
Total Directors
1
$1,153
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR GEORGE STEGE III CO-TRUSTEE 5.0
Director
$1,153 $0 $1,153
N/A CO-TRUSTEE 5.0
$1,468 $0 $1,468
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
2020 $16,374 $264,370 No data $-247,996
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