DETROIT FOOD & ENTREPRENEURSHIP ACADEMY (EIN 462408286) - 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

2013

Legal Domicile

Principal Officer

DESIRE VINCENT-LEVY

Phone

3133124142

Tax Period

2024-01-01 to 2024-12-31

DETROIT FOOD & ENTREPRENEURSHIP ACADEMY, founded in 2013, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

DETROIT FOOD ACADEMY PARTNERS WITH LOCAL HIGH SCHOOLS, EDUCATORS, AND FOOD ENTREPRENEURS TO FACILITATE A YEAR-ROUND PROGRAM. AS STUDENTS DEVELOP FOOD-BASED SOLUTIONS IN THEIR COMMUNITIES, THEY GROW AS HOLISTIC LEADERS WHO ARE HEALTHY, CONNECTED, AND POWERFUL. DETROIT FOOD ACADEMY IS A NON- PROFIT YOUTH LEADERSHIP PROGRAM THAT WORKS WITH LOCAL EDUCATORS, CHEFS, AND BUSINESS OWNERS TO INSPIRE YOUNG DETROITERS THROUGH ENTREPRENEURIAL EXPERIENCES ROOTED IN FOOD--EXPERIENCES, WHICH OPEN DOORS, CREATE CONNECTIONS, AND CULTIVATE CONFIDENCE. FROM COOKING DELICIOUS HEALTHY MEALS FOR FRIENDS AND FAMILY TO FACILITATING COMPLEX CONVERSATIONS WITH COMMUNITY, TO DEVELOPING ARTISANAL FOOD PROJECTS FROM SCRATCH TO MARKET, STUDENTS LEARN BY TRANSFORMING THEIR IDEAS INTO REALITY. BY DEVELOPING FOOD-BASED SOLUTIONS IN AND FOR THEIR COMMUNITIES, STUDENTS WILL ACHIEVE THE GOAL OF LEARNING TO IDENTIFY PROBLEMS, IMPLEMENT SOLUTIONS, AND GROW AS HOLISTIC LEADERS WHO ARE HEALTHY, CONNECTED, AND POWERFUL TO AFF

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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 $1,187,568

Program Service Revenue $93,035

Investment Income $20,747

Other Revenue $0

TOTAL REVENUE $1,301,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $892,345

Fundraising Expenses $68,725

Program Expenses $1,038,731

Other Expenses $479,111

TOTAL EXPENSES $1,371,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,301,350	$904,032	+0.4%
Expenses	$1,371,456	$981,978	+0.4%
Net Income	$-70,106	$-77,946	-0.1%

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

$151,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIKI LOUYA	EXECUTIVE DI	40.00	Officer	$132,368	$18,684	$151,052
DESIRE VINCENT-LEVY	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
NOAM KIMELMAN	TREASURER	1.00	Officer Director	$0	$0	$0
BRITTANY RHODES	BOARD SECRET	1.00	Officer Director	$0	$0	$0
EDERIQUE GOUDIA	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL GREENE	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY LOMBARDO	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER RUSCIANO	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	$1,301,350	$1,371,456	$1,613,164	$-70,106
2023	$904,032	$981,978	$1,693,444	$-77,946
2022	$1,373,902	$823,160	$1,746,250	$550,742
2021	$920,303	$800,707	$1,205,205	$119,596
2020	$790,605	$785,221	$1,078,731	$5,384
2019	$771,707	$880,501	$1,094,878	$-108,794
2018	$1,575,967	$825,385	$1,188,178	$750,582

DETROIT FOOD & ENTREPRENEURSHIP ACADEMY