FOODLAB DETROIT (EIN 465146912) - 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

2014

Legal Domicile

Principal Officer

DEVITA DAVISON

Phone

3137993468

Tax Period

2017-07-01 to 2018-06-30

FOODLAB DETROIT, founded in 2014, is a small nonprofit that reported $260K in total revenue in fiscal year 2017. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO GROW A DIVERSE ECOSYSTEM OF TRIPLE-BOTTOM-LINE FOOD BUSINESSES IN DETROIT.

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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 (2017)

Revenue Breakdown

Contributions & Grants $123,520

Program Service Revenue $136,742

Investment Income $0

Other Revenue $0

TOTAL REVENUE $260,262

Expense Breakdown

Grants Paid $5,350

Salaries & Benefits $145,772

Fundraising Expenses $28,114

Program Expenses $277,221

Other Expenses $185,449

TOTAL EXPENSES $336,571

Year-over-Year Comparison

	2017	2016	Change
Revenue	$260,262	$453,016	-0.4%
Expenses	$336,571	$416,523	-0.2%
Net Income	$-76,309	$36,493	-3.1%

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

N/A

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

$68,876

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILL BRANCH	DIRECTOR	0.25	Director	$0	$0	$0
GINA SCHRADER	SECRETARY	1.00	Officer Director	$0	$0	$0
JAKE WILLIAMS	TREASURER	0.50	Officer Director	$0	$0	$0
WINONA BYNUM	DIRECTOR	0.25	Director	$0	$0	$0
ALICIA FARRIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEVITA DAVISON	EXECUTIVE DIRECTOR	40.00	Officer	$63,115	$5,761	$68,876

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
2018	$260,262	$336,571	$161,785	$-76,309

FOODLAB DETROIT