Prosperus Detroit Micro Lending (EIN 462997666) - 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

Paul Jones

Phone

3135860655

Tax Period

2023-01-01 to 2023-12-31

Prosperus Detroit Micro Lending, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

ProsperUs advances economic equity in under-resourced communities by supporting entrepreneurs with opportunities and capital needed to build businesses, generational wealth, and vibrant neighborhoods.

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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 $1,682,942

Program Service Revenue $118,829

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,801,771

Expense Breakdown

Grants Paid $99,560

Salaries & Benefits $1,240,944

Fundraising Expenses $72,082

Program Expenses $1,700,741

Other Expenses $909,349

TOTAL EXPENSES $2,249,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,801,771	$3,302,099	-0.5%
Expenses	$2,249,853	$2,010,396	+0.1%
Net Income	$-448,082	$1,291,703	-1.3%

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

$148,894

Total Directors

$148,894

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Kosuda	Chairman	1.00	Officer Director	$0	$0	$0
Chanell R Contreras	Executive Director/Director	40.00	Officer Director	$131,101	$17,793	$148,894
Hector Hernandez	Director	1.00	Director	$0	$0	$0
Steve Tobocman	Director	1.00	Director	$0	$0	$0
Pierre Batton	Director	1.00	Director	$0	$0	$0
Kimberly Faison	Director	1.00	Director	$0	$0	$0
Don Jones	Director	1.00	Director	$0	$0	$0
Veronika Scott	Director	1.00	Director	$0	$0	$0
Matthew Bihun	Manager	40.00	Highest	$111,360	$10,494	$121,854
Joanna Dueweke-Perez	Manager	40.00	Highest	$112,600	$15,509	$128,109

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	$1,801,771	$2,249,853	$4,215,384	$-448,082
2022	$3,302,099	$2,010,396	$3,608,105	$1,291,703
2021	$2,015,373	$1,841,196	$2,318,083	$174,177
2020	$1,383,329	$426,416	$2,136,590	$956,913
2019	$30,428	$8,406	$1,119,597	$22,022

Prosperus Detroit Micro Lending