DETROIT CHANGE INITIATIVE (EIN 815264149) - 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

NORMAN CLEMENT

Tax Period

2024-01-01 to 2024-12-31

DETROIT CHANGE INITIATIVE, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $782K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum.

Mission

Detroit Change Initiative. I founded the Detroit Change Initiative a non-profit that educates people about resources available in their community. It connects them to opportunities to influence changes they want to see and creates a platform that amplifies peoples voices for collective change.DCI started focused on voter education voter engagement voter mobilization voter protection youth leadership and development. When the pandemic first hit DCI leveraged that community trust and kept working to activate change led by the voices of our people. With growing partnerships like Michigan Voice We Found Hip Hop and Pullup Neighbor over 25,000 food boxes were distributed. But didnt just give away food. We also gave out voter registration and education PPE and educated people on how to keep themselves and their families safe.

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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 $781,570

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $781,570

Expense Breakdown

Grants Paid $265,494

Salaries & Benefits $124,525

Fundraising Expenses $39,534

Program Expenses $579,150

Other Expenses $362,526

TOTAL EXPENSES $781,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$781,570	$460,420	+0.7%
Expenses	$781,570	$460,420	+0.7%
Net Income	$0	$0	N/A

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
Norman Clement	Executive Director	40.00	Officer Director Key Emp Highest	$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	$781,570	$781,570	$766,704	No data
2023	$173,822	$173,822	$173,882	No data
2022	$409,207	$409,207	No data	No data

DETROIT CHANGE INITIATIVE