DETROIT PREP QALICB (EIN 831321794) - 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

2018

Legal Domicile

Principal Officer

KYLE SMITLEY

Phone

4194395953

Tax Period

2025-01-01 to 2025-12-31

DETROIT PREP QALICB, founded in 2018, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2025. The organization ran a surplus of $1.4M, a strong 36% operating margin.

Mission

DETROIT PREP QALICB IS A NON-PROFIT MICHIGAN CORPORATION WHICH WAS ORGANIZED TO OBTAIN FINANCING AND REFURBISH A FORMER DETROIT PUBLIC SCHOOL BUILDING AND LEASE THESE FACILITIES TO THE DETROIT ACHIEVEMENT ACADEMY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,055,461

Other Revenue $-63,364

TOTAL REVENUE $3,992,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,545,027

Other Expenses $2,545,027

TOTAL EXPENSES $2,545,027

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,992,097	$-337,128	-12.8%
Expenses	$2,545,027	N/A	N/A
Net Income	$1,447,070	$-337,128	-5.3%

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
GREG DEMATRA	TREASURER	N/A	Officer Director	$0	$0	$0
KYLE SMITLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
JARED STASIK	SECRETARY	N/A	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
2025	No data	No data	No data	No data
2025	$3,992,097	$2,545,027	No data	$1,447,070
2024	$-342,813	No data	$4,844,189	No data
2023	$-346,992	No data	$5,189,628	No data
2022	$-340,726	No data	$5,533,996	No data
2021	$-345,840	No data	$5,874,721	No data

DETROIT PREP QALICB