MIDTOWN DETROIT INC (EIN 454582324) - 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

1976

Legal Domicile

Principal Officer

MELANIE MARKOWICZ

Phone

3134206000

Tax Period

2024-01-01 to 2024-12-31

MIDTOWN DETROIT INC, founded in 1976, is a community nonprofit in the Community Improvement sector that reported $5.4M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

THE MIDTOWN DETROIT INC. IS A NONPROFIT PLANNING AND DEVELOPMENT ORGANIZATION THAT SUPPORTS THE PHYSICAL MAINTENANCE AND REVITALIZATION OF MIDTOWN DETROIT, WHILE WORKING TO ENHANCE PUBLIC AWARENESS, APPRECIATION AND USE OF THE DISTRICT. FOUNDED IN 1976, THE ORGANIZATION HAS BEEN WORKING TO ENCOURAGE NEW HOUSING DEVELOPMENT, INCREASED VISITORSHIP TO AREA ATTRACTIONS, AND NEW COMMERCIAL ACTIVITY WITHIN THE NEIGHBORHOOD.

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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 $4,309,000

Program Service Revenue $609,045

Investment Income $215,266

Other Revenue $255,208

TOTAL REVENUE $5,388,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,045

Fundraising Expenses $0

Program Expenses $2,258,457

Other Expenses $4,969,779

TOTAL EXPENSES $5,259,824

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,388,519	$8,677,582	-0.4%
Expenses	$5,259,824	$5,942,945	-0.1%
Net Income	$128,695	$2,734,637	-1.0%

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

$165,183

Total Directors

$130,183

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NED STAEBLER	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MICHAEL SHAW	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MAUREEN STAPLETON	INTERIM EXECUTIVE DIRECTOR	38.00	Officer Director	$0	$0	$118,401
ELLIOTT BROOM	TREASURER	2.00	Officer Director	$0	$0	$0
JERRY DARBY	SECRETARY	2.00	Officer Director	$0	$0	$0
DARRYL HUMES	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
MIKE ESSIAN	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
OLGA STELLA	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
BRYAN HOGLE	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
DARIN MCKEEVER	EXECUTIVE COMMITTEE	2.00	Director	$0	$0	$0
CHARLES DICKERSON	TRUSTEE	2.00	Director	$0	$0	$0
KATHRYN DIMOND	TRUSTEE	2.00	Director	$0	$0	$0
ELISE FIELDS	TRUSTEE	2.00	Director	$0	$0	$0
AL FIELDS	TRUSTEE	2.00	Director	$0	$0	$0
JOSH GERSHONOWICZ	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD HADDAD	TRUSTEE	2.00	Director	$0	$0	$0
ANDY GUTMAN	TRUSTEE	2.00	Director	$0	$0	$0
ANGELA HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
MAMBA HAMISSI	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD HOSEY	TRUSTEE	2.00	Director	$0	$0	$0
JANET JONES	TRUSTEE	2.00	Director	$0	$0	$0
DAVID SAMPSON	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE STEWART	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE JONNA-PILIGIAN	TRUSTEE	2.00	Director	$0	$0	$0
JONATHON HARTZELL	TRUSTEE	2.00	Director	$0	$0	$0
KRISTINE KIDORF	TRUSTEE	2.00	Director	$0	$0	$0
BRYAN KIELER	TRUSTEE	2.00	Director	$0	$0	$0
MARCIA VENTURA	TRUSTEE	2.00	Director	$0	$0	$0
BUD LIEBLER	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT LOWELL	TRUSTEE	2.00	Director	$0	$0	$0
LINDA LUTZ	TRUSTEE	2.00	Director	$0	$0	$0
MARIE PATTON	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH WALKER	TRUSTEE	2.00	Director	$0	$0	$0
JOANNE MONDOWNEY	TRUSTEE	2.00	Director	$0	$0	$0
RACHAEL WOODS	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL REIN	TRUSTEE	2.00	Director	$0	$0	$0
ELANA RUGH	TRUSTEE	2.00	Director	$0	$0	$0
ROGER SAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
OONA DEMKO	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN BOBALIK	TRUSTEE	2.00	Director	$0	$0	$0
JEN LYON	TRUSTEE	2.00	Director	$0	$0	$0
BJ PEARSON	TRUSTEE	2.00	Director	$0	$0	$0
CLARKE LEWIS	TRUSTEE	2.00	Director	$0	$0	$0
JOHNNY CANNONBALL	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN T MOSEY	EXECUTIVE DIRECTOR - PART YEAR	20.00	Officer Director	$0	$0	$11,782
CARI EASTERDAY	CFO, INTERIM EXECUTIVE DIRECTOR	35.00	Officer	$0	$0	$0
NICOLE KIRKLAND	CFO	20.00	Officer	$0	$0	$35,000

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	$5,388,519	$5,259,824	$12,646,690	$128,695
2023	$8,677,582	$5,942,945	$12,770,997	$2,734,637
2022	$6,472,343	$5,572,922	$9,714,154	$899,421
2021	$4,938,478	$6,880,315	$6,098,841	$-1,941,837
2020	$6,273,249	$6,498,982	$8,928,237	$-225,733
2019	$5,860,466	$6,498,607	$7,881,417	$-638,141
2018	$5,106,739	$4,792,545	$6,744,437	$314,194

MIDTOWN DETROIT INC