CENTER FOR SUCCESS NETWORK

EIN: 463792734 501(c)(3) Community Improvement

DETROIT, MI

Total Revenue
$1,132,060
Total Expenses
$929,126
Total Assets
$672,661
Net Assets
$444,130
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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
MI
Principal Officer
ALEX RESNIK
Phone
3133208961
Tax Period
2024-01-01 to 2024-12-31

CENTER FOR SUCCESS NETWORK, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $203K, a strong 18% operating margin.

Mission

THE ORGANIZATION UNITES LITERACY AND COMMUNITY TO EMPOWER STUDENTS IN THE JOURNEY OF EDUCATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $920,409
Program Service Revenue $211,651
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,132,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $737,357
Fundraising Expenses $51,760
Program Expenses $750,332
Other Expenses $191,769
TOTAL EXPENSES $929,126

Year-over-Year Comparison

2024 2023 Change
Revenue $1,132,060 $1,096,461 +0.0%
Expenses $929,126 $1,165,191 -0.2%
Net Income $202,934 $-68,730 -4.0%
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

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Governance

Voting Members
6
Independent Members
5
Employees
25
Volunteers
410

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
4
$101,215
Total Directors
7
$101,215
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX RESNIK BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDREA MEYER EXECUTIVE DIRECTOR/SECRETA 40.00
Officer Director
$101,215 $0 $101,215
DEREK J IKELER RESIGNED 2024 BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
INGRID WHITE DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER BOHNE TREASURER 1.00
Officer Director
$0 $0 $0
SUDHISH SUBHASH DIRECTOR 1.00
Director
$0 $0 $0
LEKISHA TODD DIRECTOR 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 $1,132,060 $929,126 $672,661 $202,934
2023 $1,096,461 $1,165,191 $456,970 $-68,730
2022 $551,319 $856,441 $573,740 $-305,122
2021 $958,430 $650,185 $871,553 $308,245
2020 $531,611 $495,855 $471,424 $35,756
2019 $562,480 $405,165 $280,200 $157,315
2018 $344,511 $294,835 $124,106 $49,676
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