SOUTHEAST MICHIGAN OPPORTUNITY TRUST

EIN: 817022080 501(c)(3) Philanthropy & Grantmaking

DETROIT, MI

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
MI
Principal Officer
RICHARD L DEVORE
Phone
3139616675
Tax Period
2023-01-01 to 2023-12-31

Mission

THE SOUTHEAST MICHIGAN OPPORTUNITY TRUST (THE ORGANIZATION) WAS ESTABLISHED AS A SUPPORTING ORGANIZATION TO THE COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN (CFSEM). THE MISSION OF CFSEM IS TO BUILD THE RESOURCES, RELATIONSHIPS AND EXPERTISE REQUIRED TO EXPAND EQUITABLE ACCESS TO OPPORTUNITIES. CFSEM'S MISSION IS TO MAKE SOUTHEAST MICHIGAN A DESIRABLE PLACE TO LIVE, WORK AND PLAY FOR ALL RESIDENTS, TODAY AND TOMORROW.

Program Service Accomplishments

Program 1

THE ORGANIZATION IS USED FOR FACILITATING SIGNIFICANT GIFTS WHERE GIFTS TO A CHARITABLE TRUST ARE BENEFICIAL.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A $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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$690,131
Total Directors
4
$690,131
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD L DEVORE CO-TRUSTEE 0.50
Officer Director
$0 $51,905 $690,131
JAMES B NICHOLSON CO-TRUSTEE (END 06/23) 0.50
Officer Director
$0 $0 $0
MARY H WEISER CO-TRUSTEE 0.50
Officer Director
$0 $0 $0
DAVID T PROVOST CO-TRUSTEE (BEG 07/23) 0.50
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
2024 No data No data No data No data
2023 No data No data No data No data
2022 No data No data No data No data
2021 $444 $25,248 No data $-24,804
2020 $3,033 $22 $24,804 $3,011
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