DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $6.8M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $11.8M exceeded revenue, resulting in a 74% operating deficit.
TECHTOWN IS DETROIT'S ENTREPRENEURSHIP HUB. WE HELP TECH STARTUPS AND SMALL BUSINESSES DEVELOP, LAUNCH AND GROW. BY OPENING DOORS TO OPPORTUNITY, WE STRENGTHEN OUR CITY, NEIGHBORHOODS AND ECONOMY.
BUSINESS UNITS AND PROGRAMSTECHNOLOGY-BASED ENTREPRENEURSHIP PROGRAMMING - START STUDIO: IDEA-STAGE ACCELERATOR THAT VALIDATES EARLY-STAGE TECH STARTUPS THROUGH CUSTOMER DISCOVERY.-INCUBATOR: AN...
BUSINESS UNITS AND PROGRAMSTECHNOLOGY-BASED ENTREPRENEURSHIP PROGRAMMING - START STUDIO: IDEA-STAGE ACCELERATOR THAT VALIDATES EARLY-STAGE TECH STARTUPS THROUGH CUSTOMER DISCOVERY.-INCUBATOR: AN INTENSE AND DYNAMIC PROGRAM FOCUSED ON HELPING PROMISING TECH STARTUPS MAKE THE TRANSITION INTO PROFITABLE COMPANIES. VIA A COHORT MODEL, TECHTOWN WILL HELP FOUNDERS STRENGTHEN THEIR BUSINESSES IN THREE KEY AREAS: BUSINESS OPERATIONS, TECHNICAL OPERATIONS AND FUNDRAISING READINESS.-TECHNOLOGY COMMERCIALIZATION: TECHTOWN EVALUATED AND ROADMAPPED THE COMMERCIALIZATION POTENTIAL OF UNIVERSITY OR HEALTH CARE SYSTEM-DEVELOPED TECHNOLOGIES; HIGH POTENTIAL TECHNOLOGIES TRANSITION INTO TECHTOWN PROGRAMS.-TRACTION: TAKES THE BUSINESS MOVE FROM PRODUCT TO PURCHASE VIA A UNIQUE COMMUNITY OF ACCOUNTABILITY THAT HELPS STARTUPS MOVE FROM LAUNCHING THE FIRST VERSION OF THEIR PRODUCT TO GENERATING RECURRING REVENUE. -CAPITAL ACCESS PROGRAM: A SERIES OF TRAINING MODULES AND COHORT SUPPORT THAT HELPS ENTREPRENEURS UNDERSTAND THE TECH FUNDING LANDSCAPE AND ACCESS THE FUNDS NEEDED TO GET THEIR BUSINESS OFF THE GROUND.SMALL BUSINESS SERVICES-RETAIL BOOT CAMP: PREPARES SERIOUS ENTREPRENEURS WITH STRONG RETAIL CONCEPTS FOR THE SUCCESSFUL LAUNCH OF THEIR BRICK-AND-MORTAR BUSINESS IN A CORE DETROIT COMMERCIAL DISTRICT.-313 STRONG: COMBINES ECONOMIC DEVELOPMENT AND START-UP ACCELERATION STRATEGIES TO TRANSFORM DETROIT'S HISTORICALLY UNDERSERVED NEIGHBORHOODS INTO VIBRANT AND DENSE COMMUNITIES.SPACE - REAL ESTATE PROGRAMMING-OFFICE AND LAB SPACE: COMMERCIAL REAL ESTATE FOR INNOVATIVE DETROIT BUSINESSES.-CO-WORKING: CO-WORKING COMMUNITY OFFERING DETROIT ENTREPRENEURS AN AFFORDABLE, FLEXIBLE AND COLLABORATIVE WORK ENVIRONMENT.-MEETING AND EVENT SPACE: RECENTLY RENOVATED FIRST FLOOR INCLUDES EVENT SPACE WITH SEATING UP TO 180; MEETING, CONFERENCE AND TRAINING ROOMS; OPEN, GALLEY-STYLE KITCHEN WITH CAFE SEATING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,792,234 | $15,845,749 | -0.6% |
| Expenses | $11,795,490 | $8,937,181 | +0.3% |
| Net Income | $-5,003,256 | $6,908,568 | -1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EDWARD STABLER | PRESIDENT & CEO | 20.00 |
Officer
Director
|
$169,428 | $118,098 | $287,526 |
| DR M ROY WILSON | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JASON AESCHLIMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GENE BARBER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL FORD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA GLAZA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICK GORGA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANIKA GOSS-FOSTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA M HARDY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN JOHNSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRI LYNN LAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID MASSARON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FREDRICK MOLNAR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PORTIA POWELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA PRASAD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE RAFFERTY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SONAL RAMRAKHIANI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN RUMLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM SABER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHANNON D SMITH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE SHERARD-FREEMAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TOSHA TABRON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANA THOMPSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMILA THOMPSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON TINSLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLA WALKER-MILLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANA GOODE | CHIEF FINANCIAL OFFICER | 20.00 |
Officer
|
$131,371 | $58,415 | $189,786 |
| KELLY KOZLOWSKI | CHIEF OPERATING OFFICER | 20.00 |
Key Emp
|
$154,185 | $68,825 | $223,010 |
| CHRISTIANNE MALONE | CHIEF PROGRAM OFFICER | 40.00 |
Key Emp
|
$155,033 | $46,432 | $201,465 |
| ALLANDRA BULGER | EXECUTIVE DIRECTOR, CO.ACT DETROIT | 40.00 |
Highest
|
$165,173 | $32,487 | $197,660 |
| DAWN BATTS | DIRECTOR, GROWTH CAPITAL | 40.00 |
Highest
|
$119,431 | $28,159 | $147,590 |
| KYLA CARLSEN | DIRECTOR OF PROGRAMS, CO.ACT DETROIT | 40.00 |
Highest
|
$123,847 | $16,678 | $140,525 |
| KIMBERLY WATTS | DIRECTOR OF BUSINESS DEVELOPMENT | 40.00 |
Highest
|
$117,148 | $19,070 | $136,218 |
| TRINA GROCE | SENIOR HUMAN RESOURCES DIRECTOR | 40.00 |
Highest
|
$120,445 | $14,820 | $135,265 |
| HECTOR HERNANDEZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,792,234 | $11,795,490 | $26,034,168 | $-5,003,256 |
| 2022 | $15,845,749 | $8,937,181 | $31,848,008 | $6,908,568 |
| 2021 | $8,978,851 | $5,753,462 | $24,221,060 | $3,225,389 |
| 2020 | $5,453,364 | $7,901,750 | $20,621,192 | $-2,448,386 |
| 2019 | $3,483,016 | $5,953,355 | $24,032,222 | $-2,470,339 |
| 2018 | $6,059,836 | $3,978,547 | $25,438,983 | $2,081,289 |
Compare WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT with other nonprofits in Michigan and across the country.