LOCAL CIRCLES

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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

2017

Legal Domicile

Principal Officer

NICOLE JUREK

Phone

2486430026

Tax Period

2024-01-01 to 2024-12-31

LOCAL CIRCLES, founded in 2017, is a micro nonprofit that reported $11K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $51K exceeded revenue, resulting in a 358% operating deficit.

Mission

LOCAL CIRCLES OFFERS YOUNG DETROITERS AN EMPLOYMENT OPPORTUNITY IN YOUTH- LED RESEARCH. BY EMPLOYING YOUTH TO DO RESEARCH, LOCAL CIRCLES INTERVENES ON TWO SIMULTANEOUS SOCIAL ISSUES FACING YOUNG DETROITERS TODAY: YOUTH UNEMPLOYMENT AND UNDERACHIEVEMENT IN SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $38,153 Revenue: $11,544

LOCAL CIRCLES OFFERS DETROIT TEENS AGES 15-19 A UNIQUE EXPERIENCE IN LEADERSHIP TRAINING, COMMUNITY ENGAGEMENT, AND JOB READINESS. IN THIS PROGRAM, YOUTH WORK TOGETHER TO IDENTIFY A WAY TO MAKE AN...

LOCAL CIRCLES OFFERS DETROIT TEENS AGES 15-19 A UNIQUE EXPERIENCE IN LEADERSHIP TRAINING, COMMUNITY ENGAGEMENT, AND JOB READINESS. IN THIS PROGRAM, YOUTH WORK TOGETHER TO IDENTIFY A WAY TO MAKE AN IMPACT ON THEIR COMMUNITY. MEETINGS INCLUDE ICEBREAKERS, BRAINSTORMING ACTIVITIES, SMALL GROUP DISCUSSIONS, TRAINING ON JOB READINESS AND RESEARCH SKILLS, AND PROJECT PLANNING. TEENS WHO PARTICIPATE IN THIS PROGRAM GAIN CONFIDENCE, LEARN PROBLEM-SOLVING SKILLS IN REAL-LIFE SETTINGS, AND IMPROVE COMMUNICATION WHILE MEETING NEW PEOPLE AND EARNING A STIPEND.

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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 $11,544

Program Service Revenue $0

Investment Income $-335

Other Revenue $0

TOTAL REVENUE $11,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,310

Fundraising Expenses $0

Program Expenses $38,153

Other Expenses $21,013

TOTAL EXPENSES $51,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,209	$91,221	-0.9%
Expenses	$51,323	$115,188	-0.6%
Net Income	$-40,114	$-23,967	+0.7%

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

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

$18,901

Total Directors