DETROIT SOUND CONSERVANCY

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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

LARRY WILLIAMS

Phone

3132154616

Tax Period

2024-01-01 to 2024-12-31

DETROIT SOUND CONSERVANCY, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 494% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 89% operating margin.

Mission

DETROIT SOUND CONSERVANCY IS A NON-PROFIT 501(C)(3) ORGANIZATION DEDICATED TO ENHANCING THE LIVES OF THOSE IN THE DETROIT COMMUNITY THROUGH THE PRESERVATION OF THE CITY'S MUSICAL HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $149,746 Revenue: $15,764

SAFEGUARDING DETROIT'S MUSICAL HISTORY AND FUTURE BY PRESERVING HISTORICAL ARTIFACTS AND ORAL HISTORIES, EDUCATING THE COMMUNITY, MAINTAINING AND INCUBATING MUSICAL TALENT, AND BUILDING RELATIONSHIPS.

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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 $2,124,857

Program Service Revenue $15,764

Investment Income $31,251

Other Revenue $0

TOTAL REVENUE $2,171,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,813

Fundraising Expenses $35,096

Program Expenses $149,746

Other Expenses $78,164

TOTAL EXPENSES $233,977

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,171,872	$365,590	+4.9%
Expenses	$233,977	$137,427	+0.7%
Net Income	$1,937,895	$228,163	+7.5%

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

Total Directors

$126,677

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WILLIAMS	PRESIDENT	N/A	Officer	$0	$0	$0
ALYSON TURNER	VICE PRESIDE	N/A	Officer	$0	$0	$0
DONNA GARDNER	TREASURER	N/A	Officer	$0	$0	$0
CHRISTOPHER HANDYSIDE	SECRETARY	N/A	Officer	$0	$0	$0
BART BEALMEAR	DIRECTOR AT-	N/A	Director	$0	$0	$0
MICHAEL FOTIAS	DIRECTOR AT-	N/A	Director	$0	$0	$0
DAMON PERCY	DIRECTOR AT-	N/A	Director	$0	$0	$0
CARLETON GHOLZ	DIRECTOR AT-	N/A	Director	$0	$0	$0
JANIS HAZEL	DIRECTOR AT-	N/A	Director	$0	$0	$0
CAROLYN PRUITT	DIRECTOR AT-	N/A	Director	$0	$0	$0
ADAM DESJARDINS	DIRECTOR AT-	N/A	Director	$0	$0	$0
MARK GREER II	DIRECTOR AT-	N/A	Director	$0	$0	$0
MICHELLE MCKINNEY	DIRECTOR	40.00	Director	$64,692	$0	$64,692
JONAH RADUNS-SILVERSTEIN	DIRECTOR OF	40.00	Director	$61,985	$0	$61,985
ASH AIDENBAUM	DIRECTOR AT-	N/A	Director	$0	$0	$0
SABRINA UNDERWOOD	DIRECTOR AT-	N/A	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	$2,171,872	$233,977	$3,553,053	$1,937,895
2023	$365,590	$137,427	$931,961	$228,163
2022	$459,970	$133,370	$753,549	$326,600