DETROIT ACHIEVEMENT ACADEMY FOUNDA… - Form 990 Financial Data

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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

2016

Legal Domicile

Principal Officer

KYLE SMITLEY

Phone

4194395953

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO SUPPORT THE SCHOOL CHILDREN AT DETROIT ACHIEVEMENT ACADEMY SCHOOLS AND OTHER CITY OF DETROIT PUBLIC AND CHARETER SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $748,957

AWARDED GRANTS AND INCURRED EXPENSES TO SUPPORT THE OPERATIONS OF DETROIT ACHIEVEMENT ACADEMY AND DETROIT PREPATORY ACADEMY FOR THE BENEFIT OF SCHOOL CHILDREN LOCATED IN DETROIT.

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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 $1,210,544

Program Service Revenue $0

Investment Income $788,415

Other Revenue $0

TOTAL REVENUE $1,998,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,550

Fundraising Expenses $1,964

Program Expenses $748,957

Other Expenses $898,042

TOTAL EXPENSES $907,592

Year-over-Year Comparison

	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%

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
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

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	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

DETROIT ACHIEVEMENT ACADEMY FOUNDATION