DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DETROIT ACHIEVEMENT ACADEMY FOUNDATION, founded in 2016, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $1.1M, a strong 55% operating margin.
A. TO RECEIVE AND ADMINISTER FUNDS AND PROPERTY AND TO OPERATE EXCLSIVELY FOR CHARITABLE, SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND, IN PARTICULAR, TO MAKE GRANTS TO BENEFIT DETROIT ACHIEVEMENT ACADEMY OR ANY OF ITS SCHOOLS, SO LONG AS SUCH PURPOSE IS A PERMISSABLE PURPOSE FOR AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, BUT IF SUCH PURPOSE IS NOT SUCH A PERMISSIBLE PURPOSE, THEN TO MAKE GRANTS TO BENEFIT EDUCATIONAL INSTITUTIONS FOR SCHOOL CHILDREN LOCATED IN DETROIT OR OTHER URBAN CITIES. B. TO ACQUIRE, OWN, DISPOSE OF AND DEAL WITH REAL AND PERSONAL PROPERTY AND INTERESTS THEREIN AND TO APPLY GIFTS, GRANTS, BEQUESTS AND DEVISES AND THEIR PROCEEDS IN FURTHERANCE OF THE PURPOSES OF THE CORPORATION. C. TO DO SUCH THINGS AND TO PERFORM SUCH ACTS TO ACCOMPLISH ITS PURPOSES AS THE BOARD OF DIRECTORS MAY DETERMINE TO BE APPROPRIATE AND AS ARE NOT FORBIDDEN BY SECTION 501(C)(3) OF
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,998,959 | $2,279,948 | -0.1% |
| Expenses | $907,592 | $1,020,902 | -0.1% |
| Net Income | $1,091,367 | $1,259,046 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| LENORA HANKS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALISON LAPETINA | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRANCES PICCIRILLI | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLE SMITLEY | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,998,959 | $907,592 | $15,973,548 | $1,091,367 |
| 2023 | $2,279,948 | $1,020,902 | $15,211,514 | $1,259,046 |
| 2022 | $1,808,998 | $1,472,976 | $15,011,956 | $336,022 |
| 2021 | $1,331,985 | $816,008 | $15,100,395 | $515,977 |
| 2020 | $2,413,328 | $770,188 | $14,583,419 | $1,643,140 |
| 2019 | $591,613 | $300,736 | $4,661,444 | $290,877 |
| 2018 | $673,468 | $519,192 | $4,363,071 | $154,276 |
Compare DETROIT ACHIEVEMENT ACADEMY FOUNDATION with other nonprofits in Michigan and across the country.