LOCAL CIRCLES (EIN 812920472) - 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

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.

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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

$18,901

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE JUREK	EXECUTIVE DI	40.00	Officer Director	$18,901	$0	$18,901
FELECIA BENNETT-CLARK	MEMBER	0.50	Director	$0	$0	$0
LUKE BOETTCHER	MEMBER	0.50	Director	$0	$0	$0
PATRICK HANNON	SECRETARY	0.50	Officer Director	$0	$0	$0
KYLE KRUKOWSKI	TREASURER	1.50	Officer Director	$0	$0	$0
CONTESSA RUDOLPH	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AMALIA SOUTH	MEMBER	0.50	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	$11,209	$51,323	No data	$-40,114
2023	$91,221	$114,735	$41,612	$-23,514
2022	$122,332	$116,385	$66,803	$5,947
2021	$115,826	$66,649	$65,365	$49,177

LOCAL CIRCLES