DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BING YOUTH INSTITUTE, founded in 2014, is a small nonprofit that reported $230K in total revenue in fiscal year 2021. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $325K exceeded revenue, resulting in a 41% operating deficit.
THE MISSION OF THE BING YOUTH INSTITUTE IS TO RECRUIT, CULTIVATE, AND APPROPRIATELY TRAIN MEN WHO EMBRACE THE IDEA OF DEVELOPING A NURTURING, TRUSTING, OPEN AND HONEST RELATIONSHIP WITH A YOUNG BOY OF COLOR THROUGH PARTICPATION IN OUR SIGNATURE BINGO (BOYS INSPIRED THROUGH NURTURING, GROWTH AND OPPORTUNITIES) MENTORING PROGRAM.
IN 2021,THE BING YOUTH INSTITUTE CELEBRATED ITS 6th CONSECUTIVE YEAR OF 100% GRADUATION OF ITS HIGH SCHOOL SENIORS WHO PARTICIPATED IN THE BINGO MENTORING PROGRAM. IN ADDITION, BYI INCREASED THE...
IN 2021,THE BING YOUTH INSTITUTE CELEBRATED ITS 6th CONSECUTIVE YEAR OF 100% GRADUATION OF ITS HIGH SCHOOL SENIORS WHO PARTICIPATED IN THE BINGO MENTORING PROGRAM. IN ADDITION, BYI INCREASED THE NUMBER OF 7th-8th GRADERS PARTICIPATING IN THE PROGRAM BY 20% AS A RESULT OF GRADUATION AND INCREASE IN NUMBER OF MENTORS RECRUITED. AND FINALLY, BYI ADDED A SKILLED TRADES/WORKFORCE DEVELOPMENT COMPONENT TO ITS PROGRAM SERVICE OFFERINGS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $229,986 | $397,964 | -0.4% |
| Expenses | $325,119 | $496,323 | -0.3% |
| Net Income | $-95,133 | $-98,359 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVE BING | PRESIDENT | 20.00 |
Officer
Director
|
$12,000 | $0 | $12,000 |
| PETER REMINGTON | SECRETARY | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT WARFIELD | TREASURER | 40.00 |
Officer
Director
|
$100,500 | $0 | $100,500 |
| JIM COMER | MEMBER | 10.00 |
Director
|
$0 | $0 | $0 |
| NICOLETTE LEWIS | MEMBER | 10.00 |
Director
|
$0 | $0 | $0 |
| MATT SIMONCINI | MEMBER | 10.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $229,986 | $325,119 | $656,862 | $-95,133 |
| 2020 | $397,964 | $496,323 | $713,128 | $-98,359 |
| 2019 | $536,132 | $518,482 | $734,517 | $17,650 |
| 2018 | $605,046 | $720,631 | $694,907 | $-115,585 |
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