LGBT Detroit (EIN 562393981) - 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

2003

Legal Domicile

Principal Officer

Akin N Kwabena

Phone

3133972127

Tax Period

2024-01-01 to 2024-12-31

LGBT Detroit, founded in 2003, is a small nonprofit in the Civil Rights & Advocacy sector that reported $469K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $664K exceeded revenue, resulting in a 41% operating deficit.

Mission

LGBT Detroits mission is to increase awareness of and support to Detroits dynamic LGBT culture through education and advocacy

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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 $459,328

Program Service Revenue $9,925

Investment Income $0

Other Revenue $0

TOTAL REVENUE $469,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $519,624

Fundraising Expenses $0

Program Expenses $223,877

Other Expenses $144,291

TOTAL EXPENSES $663,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$469,253	$738,871	-0.4%
Expenses	$663,915	$1,058,388	-0.4%
Net Income	$-194,662	$-319,517	-0.4%

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

N/A

Independent Members

N/A

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

$131,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AKIN N KWABENA	Executive Director	50.00	Officer	$131,792	$0	$131,792
VICTOR HARRELL	Member	2.00	Director	$0	$0	$0
TERRELL A WHITE	Member	2.00	Director	$0	$0	$0
ALFREDO SMITH	Secretary	2.00	Officer Director	$0	$0	$0
M TERRENCE SAMSON	Board Member	2.00	Director	$0	$0	$0
ANTONIO JOHNSON-SEALS	President	2.00	Officer Director	$0	$0	$0
DIANA STIGLER	Member	2.00	Director	$0	$0	$0
DEJANNIEN PATTERSON	Member	2.00	Director	$0	$0	$0
D TROY KENNEDY	Member	2.00	Director	$0	$0	$0
TIFFANY RODGERS	Treasurer	2.00	Officer 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	$469,253	$663,915	$291,792	$-194,662
2023	$738,871	$1,058,388	$214,547	$-319,517
2022	$965,294	$989,420	$307,305	$-24,126
2021	$500,803	$501,904	$334,237	$-1,101
2020	$610,853	$500,001	$335,338	$110,852
2019	$382,085	$387,506	$169,690	$-5,421
2018	$371,123	$281,807	$176,085	$89,316

LGBT Detroit