COMERICA CHARITABLE TRUST

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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

2005

Legal Domicile

Phone

3132223018

Tax Period

2024-07-01 to 2025-06-30

COMERICA CHARITABLE TRUST, founded in 2005, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $22.6M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. Net assets of $87.0M represent 46 months of operating reserves.

Mission

THE COMERICA CHARITABLE TRUST IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF RECEIVING AND ADMINISTERING FUNDS TO MAKE DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER INTERNAL REVENUE CODE 501(C)(3). THE ORGANIZATION ENABLES DONORS TO CREATE A CHARITABLE FUND THAT CAN EITHER BE A DONOR ADVISED FUND OR A DONOR DESIGNATED FUND. GIFTS OR GRANTS MADE TO OTHER CHARITIES, WHICH QUALIFY AS TAX-EXEMPT ORGANIZATIONS, ARE DISBURSED FROM EACH ACCOUNT BY ADVISEMENT FROM THE DONOR, DESIGNATION OF SPECIFIC CHARITIES SELECTED BY THE DONOR, OR AT THE ORGANIZATION'S DISCRETION FOR THOSE CONTRIBUTIONS OVER WHICH IT HAS RETAINED VARIANCE POWER.

Program Service Accomplishments

Program 1

Expenses: $21,302,988

DISTRIBUTIONS TO QUALIFIED CHARITIES

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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 $15,577,993

Program Service Revenue $0

Investment Income $7,048,770

Other Revenue $8,355

TOTAL REVENUE $22,635,118

Expense Breakdown

Grants Paid $21,302,988

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,302,988

Other Expenses $913,369

TOTAL EXPENSES $22,216,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,635,118	$10,806,039	+1.1%
Expenses	$22,216,357	$11,232,653	+1.0%
Net Income	$418,761	$-426,614	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COMERICA BANK AND TRUST NA	TRUSTEE	0.0		$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
2025	$22,635,118	$22,216,357	$87,133,935	$418,761
2024	No data	No data	No data	No data
2023	$12,994,069	$16,638,216	$78,304,131	$-3,644,147
2022	$13,296,605	$8,605,126	$75,789,432	$4,691,479
2021	$21,151,403	$16,731,488	$86,019,957	$4,419,915
2020	$17,195,992	$9,015,480	$67,920,360	$8,180,512
2019	$15,564,469	$9,528,800	$60,531,280	$6,035,669