WAYNE COUNTY-DETROIT CDE INC (EIN 753127612) - 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

Principal Officer

HASSAN SHEIKH

Tax Period

2023-09-01 to 2024-08-31

WAYNE COUNTY-DETROIT CDE INC, founded in 2003, is a micro nonprofit in the Community Improvement sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $30K exceeded revenue, resulting in a 1357% operating deficit.

Mission

ESTABLISHED TO ADMINISTER THE FEDERAL NEW MARKETS TAX CREDIT PROGRAM FOR THE PURPOSE OF REVITALIZING LOW INCOME COMMUNITIES BY ATTRACTING PRIVATE AND/OR PUBLIC INVESTORS WHO WILL REBUILD NEIGHBORHOODS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,305

Other Revenue $779

TOTAL REVENUE $2,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,373

Other Expenses $30,373

TOTAL EXPENSES $30,373

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,084	$10,465	-0.8%
Expenses	$30,373	$39,500	-0.2%
Net Income	$-28,289	$-29,035	0.0%

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

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

$233,315

Total Directors

$694,714

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HASSAN SHEIKH	EXECUTIVE DI	2.00	Officer Director	$0	$91,565	$233,315
MATHIEU DUBE	TREASURER	0.30	Director	$0	$72,347	$184,347
YOGESH GUSANI	BOARD MEMBER	0.30	Director	$0	$107,552	$277,052
JUNE LEE	CHAIRMAN	0.30	Officer Director	$0	$0	$0
EVA DEWAELSCHE	BOARD MEMBER	0.30	Director	$0	$0	$0
BYNA ELLIOTT	BOARD MEMBER	0.30	Director	$0	$0	$0
RENEE KENT	BOARD MEMBER	0.30	Director	$0	$0	$0
MARY SEABERG KING	BOARD MEMBER	0.30	Director	$0	$0	$0
AARON SEYBERT	BOARD MEMBER	0.30	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	$2,084	$30,373	$4,618,170	$-28,289
2023	$10,465	$39,500	$4,627,117	$-29,035
2022	$154,203	$263,033	$4,652,152	$-108,830
2021	$730,026	$491,112	$4,766,254	$238,914
2020	$670,809	$81,851	$4,612,658	$588,958
2019	$400,890	$404,579	$2,882,007	$-3,689
2018	$492,781	$407,341	$2,903,267	$85,440

WAYNE COUNTY-DETROIT CDE INC