WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT (EIN 412061387) - 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

Principal Officer

EDWARD B STAEBLER

Phone

3138871639

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TECHTOWN IS DETROIT'S ENTREPRENEURSHIP HUB. WE EMPOWER DETROIT-BASED STARTUPS AND LOCAL BUSINESSES BY PROVIDING RESOURCES, COLLABORATIVE WORKSPACE AND EDUCATION FOR ENTREPRENEURS THAT WILL FURTHER ACCELERATE INCLUSIVE ECONOMIC DEVELOPMENT ACROSS DETROIT. TECHTOWN IS A 501(C)(3) NONPROFIT AND IS LOCATED WITHIN THE WOODWARD TECHNOLOGY CORRIDOR SMARTZONE.

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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 $6,450,557

Program Service Revenue $204,283

Investment Income $99,826

Other Revenue $37,568

TOTAL REVENUE $6,792,234

Expense Breakdown

Grants Paid $3,601,867

Salaries & Benefits $4,925,477

Fundraising Expenses $459,693

Program Expenses $8,954,224

Other Expenses $3,268,146

TOTAL EXPENSES $11,795,490

Year-over-Year Comparison

	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%

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

$477,312

Total Directors

$287,526

Key Employees

$424,475

Highest Compensated

reported

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

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	$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

WAYNE STATE UNIVERSITY RESEARCH AND TECHNOLOGY PARK IN THE CITY OF DETROIT