DETROIT RIVERFRONT EVENTS INC (EIN 473723583) - 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

2015

Legal Domicile

Principal Officer

MARK WEBER

Phone

3133298047

Tax Period

2021-01-01 to 2021-12-31

DETROIT RIVERFRONT EVENTS INC, founded in 2015, is a micro nonprofit in the Recreation & Sports sector that reported $10K in total revenue in fiscal year 2021. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 149% operating deficit.

Mission

TO PROMOTE POWER BOAT RACING.

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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 $9,900

Program Service Revenue $84

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,846

TOTAL EXPENSES $24,846

Year-over-Year Comparison

	2021	2020	Change
Revenue	$9,984	$75,000	-0.9%
Expenses	$24,846	$62,747	-0.6%
Net Income	$-14,862	$12,253	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK WEBER	PRESIDENT	4.00	Officer	$0	$0	$0
BRUCE MADEJ	SECRETARY	4.00	Officer	$0	$0	$0
DOUGLAS BERNSTEIN	TREASURER	4.00	Officer	$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
2021	$9,984	$24,846	$7,789	$-14,862
2020	$75,000	$62,747	$32,551	$12,253
2019	$300,558	$298,025	$10,398	$2,533
2018	$545,204	$552,578	$9,185	$-7,374

DETROIT RIVERFRONT EVENTS INC