Math Corps

EIN: 824958844 501(c)(3) Education

Detroit, MI

Total Revenue
$1,102,150
Total Expenses
$1,634,239
Total Assets
$1,043,117
Net Assets
$1,000,325
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
MI
Phone
2487037382
Tax Period
2024-10-01 to 2025-09-30

Math Corps, founded in 2018, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 48% operating deficit.

Mission

The mission of the Math Corps is to empower and inspire children from underserved communitiesthrough the teaching of mathematics and the fostering of self-worth, strong values, and a sense of familyto build good lives for themselves and a more just society for all.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,068,221
Program Service Revenue $0
Investment Income $32,457
Other Revenue $1,472
TOTAL REVENUE $1,102,150

Expense Breakdown

Grants Paid $653,862
Salaries & Benefits $290,653
Fundraising Expenses $61,788
Program Expenses $1,318,525
Other Expenses $689,724
TOTAL EXPENSES $1,634,239

Year-over-Year Comparison

2024 2023 Change
Revenue $1,102,150 $1,239,315 -0.1%
Expenses $1,634,239 $1,321,555 +0.2%
Net Income $-532,089 $-82,240 +5.5%
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

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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
11
Independent Members
11
Employees
10
Volunteers
10

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
5
$0
Total Directors
6
$0
Key Employees
1
$181,649
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lauren Richardson Chief Advancement Officer 40.00
Key Emp
$167,949 $13,700 $181,649
Mark Zausmer Director 1.00
Director
$0 $0 $0
Rudy Hobbs Director 1.00
Director
$0 $0 $0
George Hill Director 1.00
Director
$0 $0 $0
Marla Drutz Director 1.00
Director
$0 $0 $0
Raven L Jone Director 1.00
Director
$0 $0 $0
Lauren Khoury Director 1.00
Director
$0 $0 $0
Micheal Acheson Board Chair 10.00
Officer
$0 $0 $0
Steve Kahn President & CEO 20.00
Officer
$0 $0 $0
Rachel Stewart Treasurer 10.00
Officer
$0 $0 $0
Kevin Broderick Secretary 1.00
Officer
$0 $0 $0
Vikki Richardson Officer 1.00
Officer
$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
2025 $1,102,150 $1,634,239 $1,043,117 $-532,089
2024 No data No data No data No data
2023 $1,239,315 $1,321,555 $916,172 $-82,240
2022 $934,881 $673,008 $996,875 $261,873
2021 $854,286 $601,705 $980,569 $252,581
2020 $708,944 $571,466 $502,988 $137,478
2019 $269,567 $130,646 $345,510 $138,921
2018 $228,000 $21,411 $207,109 $206,589
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