CULTURE LAB DETROIT

EIN: 821078094 501(c)(3)

BIRMINGHAM, MI

Total Revenue
$61,000
Total Expenses
$145,039
Total Assets
$6,406
Net Assets
$-1,344
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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
MI
Principal Officer
JANE SCHULAK
Phone
2482190847
Tax Period
2023-01-01 to 2023-12-31

CULTURE LAB DETROIT, founded in 2017, is a micro nonprofit that reported $61K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 138% operating deficit.

Mission

CULTURE LAB DETROIT FOSTERS CONVERSATIONS AND COLLABORATIONS BETWEEN DETROIT AND THE INTERNATIONAL DESIGN COMMUNITY.

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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 $61,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $61,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $11,840
Program Expenses $104,545
Other Expenses $145,039
TOTAL EXPENSES $145,039

Year-over-Year Comparison

2023 2022 Change
Revenue $61,000 $234,600 -0.7%
Expenses $145,039 $152,239 0.0%
Net Income $-84,039 $82,361 -2.0%
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
4
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$14,800
Total Directors
4
$14,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE SCHULAK PRESIDENT 3.00
Officer Director
$0 $0 $0
GRETCHEN DAVIDSON TREASURER 0.10
Officer Director
$0 $0 $0
MATTHEW CLAYSON SECRETARY 3.00
Officer Director
$14,800 $0 $14,800
DAVID STARK DIRECTOR 0.10
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
2023 $61,000 $145,039 $6,406 $-84,039
2022 $234,600 $152,239 $87,955 $82,361
2019 $191,600 $181,540 $2,736 $10,060
2018 $496,020 $501,358 $1,428 $-5,338
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