DRCFA ART FOUNDATION (EIN 472381536) - 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

LISA CANADA

Phone

3138778215

Tax Period

2021-10-01 to 2022-09-30

DRCFA ART FOUNDATION, founded in 2014, is a small nonprofit that reported $386K in total revenue in fiscal year 2021. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $317K, a strong 82% operating margin.

Mission

THE MISSION IS TO CARE FOR AND ENHANCE THE ART COLLECTION AT HUNTINGTON PLACE 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 (2021)

Revenue Breakdown

Contributions & Grants $385,752

Program Service Revenue $0

Investment Income $67

Other Revenue $0

TOTAL REVENUE $385,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,091

Other Expenses $68,707

TOTAL EXPENSES $68,707

Year-over-Year Comparison

	2021	2020	Change
Revenue	$385,819	$293,617	+0.3%
Expenses	$68,707	$24,948	+1.8%
Net Income	$317,112	$268,669	+0.2%

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

$177,804

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA CANADA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFFREY ABOOD	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ALEXIS WILEY	TREASURER	1.00	Officer Director	$0	$0	$0
CLAUDE MOLINARI	APPOINTEE	1.00	Director	$0	$0	$0
LARRY ALEXANDER ENDED 2022	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
PATRICK BERO	CEO/CFO	2.00	Officer	$0	$0	$177,804

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
2022	$385,819	$68,707	$1,525,631	$317,112
2021	$293,617	$24,948	$1,198,518	$268,669
2021	$293,617	$24,948	$1,198,518	$268,669
2020	$159,249	$23,675	$903,618	$135,574
2020	$159,249	$23,675	$903,618	$135,574
2019	$105,950	$61,393	$768,044	$44,557
2018	$480,741	$133,262	$728,460	$347,479

DRCFA ART FOUNDATION