360 DETROIT INC (EIN 471423553) - 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

GEORGE ADAMS JR

Phone

3133199843

Tax Period

2024-01-01 to 2024-12-31

360 DETROIT INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $442K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 33 months of operating reserves.

Mission

360 DETROIT, INC STRIVES TO REVITALIZE DETROIT BY CATALYZING CHANGE, EMPOWERING RESIDENTS AND IMPROVING LIFES QUALITY

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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 $411,711

Program Service Revenue $0

Investment Income $0

Other Revenue $30,378

TOTAL REVENUE $442,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $411,571

Other Expenses $482,220

TOTAL EXPENSES $482,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$442,089	$1,058,972	-0.6%
Expenses	$482,220	$457,905	+0.1%
Net Income	$-40,131	$601,067	-1.1%

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

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

$70,004

Total Directors

$70,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE ADAMS JR	PRESIDENT	040.00	Officer Director	$70,004	$0	$70,004
MICHAEL J HAGGERTY	CHAIR	005.00	Officer Director	$0	$0	$0
N'JERI LAIRD	V. CHAIR	015.00	Officer Director	$0	$0	$0
ELYSE WOLF	SECRETARY	005.00	Officer Director	$0	$0	$0
PHILLIP CALDWELL	MEMBER	002.00	Director	$0	$0	$0
TAMARA HUNTER	MEMBER	002.00	Director	$0	$0	$0
PHYLLIS EDWARDS	TREASURER	002.00	Officer Director	$0	$0	$0
TANYA CLARK	MEMBER	002.00	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	$442,089	$482,220	$2,161,946	$-40,131
2023	$1,058,972	$457,905	$1,720,898	$601,067
2022	$508,812	$319,868	$892,852	$188,944
2021	$602,647	$253,555	$703,908	$349,092
2020	$259,117	$205,962	$357,816	$53,155
2019	$208,482	$69,644	$301,661	$138,838

360 DETROIT INC