BIRMINGHAM, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO SUPPORT DETROIT COMMUNITIES, ART, AND SOCIAL PRACTICES THROUGH PROGRAMMING THAT MAKES ACTION-ORIENTED CONNECTIONS BETWEEN DETROITERS AND A GLOBAL NETWORK OF ACTIVISTS, THINKERS AND MAKERS.
CULTURE LAB DETROIT'S SERVICE ACCOMPLISHMENTS IN 2023 INCLUDED CULTURE LAB DETROIT PLANNING AND HOSTING A SERIES OF POST COVID-19 WORKSHOPS AND DIALOGUES WHICH EXPLORED THEMES INVOLVING HOW ARTISTS...
CULTURE LAB DETROIT'S SERVICE ACCOMPLISHMENTS IN 2023 INCLUDED CULTURE LAB DETROIT PLANNING AND HOSTING A SERIES OF POST COVID-19 WORKSHOPS AND DIALOGUES WHICH EXPLORED THEMES INVOLVING HOW ARTISTS, CREATIVE PRACTITIONERS AND COMMUNITY ACTIVISTS CAN WORK TOGETHER TO REALIZE A MORE EQUITABLE, SUSTAINABLE POST-COVID DETROIT WHERE ARTISTS AND COMMUNITY ORGANIZERS ARE EMPOWERED AS CHANGE AGENTS. SPECIFIC PROGRAMMING TACTICS INCLUDED 1-1 CONVERSATIONS WITH ARTISTS AND COMMUNITY LEADERS TO INFORM THE DIALOGUE PROGRAMMING, FELTING WORKSHOPS WITH RESIDENTS ADJACENT TO CULTURE LAB DETROIT PROGRAMMING LOCATIONS TO BREAK DOWN SOCIAL BARRIERS AMPLIFIED BY THE PANDEMIC AND A CAPSTONE DIALOGUE WITH CREATIVE, CULTURAL LEADERS HELD IN DETROIT'S ISLANDVIEW NEIGHBORHOOD WHERE THE FUTURE ROLE OF ARTISTS IN DETROIT'S POST-COVID-19 RECOVERY WAS DEFINED AND DOCUMENTED. AGGREGATED, ANONYMIZED FINDINGS FROM THE DIALOGUE WERE SHARED WITH KEY LOCAL FUNDERS TO HELP INFORM HOW FUTURE INVESTMENTS IN THE ARTS ARE MADE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare CULTURE LAB DETROIT with other nonprofits in Michigan and across the country.