DETROIT REGIONAL PARTNERSHIP FOUND… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

MAUREEN DONOHUE KRAUSS

Phone

3135185600

Tax Period

2024-01-01 to 2024-12-31

DETROIT REGIONAL PARTNERSHIP FOUNDATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. Expenses of $10.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE DRPF IS AN ECONOMIC DEVELOPMENT ORGANIZATION. IT SEEKS TO MARKET THE 11-COUNTY SOUTHEAST MICHIGAN REGION TO BOTH DOMESTIC AND GLOBAL INVESTORS WITH THE GOAL OF ATTRACTING NEW BUSINESS, JOB OPPORTUNITIES AND INVESTMENT TO SOUTHEAST MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $1,880,420

BUSINESS DEVELOPMENT: 2024 MARKED THE 5-YEAR ANNIVERSARY OF DRPF'S CREATION. IN THIS SHORT TIME, DRPF HAS SURGED TOWARD ITS 10-YEAR GOALS FOR THE REGION, ATTRACTING 121 PROJECTS THAT CREATED AN...

BUSINESS DEVELOPMENT: 2024 MARKED THE 5-YEAR ANNIVERSARY OF DRPF'S CREATION. IN THIS SHORT TIME, DRPF HAS SURGED TOWARD ITS 10-YEAR GOALS FOR THE REGION, ATTRACTING 121 PROJECTS THAT CREATED AN ESTIMATED $9.4 BILLION IN INVESTMENT AND MORE THAN 36,500 JOBS WITH AN AVERAGE WAGE OF $68,819 PER YEAR. IN ITS FIRST FIVE YEARS OF OPERATIONS, THE ORGANIZATION IS ALREADY NEARING ITS 2030 GOALS OF ATTRACTING 50,000 NEW JOBS AND $10 BILLION IN NEW INVESTMENT.

Program 2

Expenses: $5,529,970 Revenue: $1,362,518

SPECIAL PROJECTS: THE DETROIT REGION IS ONE OF THE NATION'S MOST INNOVATIVE METRO AREAS. IT ALSO POSSESSES THE GREATEST CONCENTRATION OF MOBILITY ASSETS AND CONTINUES TO BE OUR NATION'S BEST BET TO ACCELERATE ECONOMIC PROSPERITY AND GROWTH FOR BOTH MICHIGAN AND THE UNITED STATES. THE DRPF LED A COALITION OF REGIONAL PARTNERS AND SUCCESSFULLY MADE THAT CASE TO THE US ECONOMIC DEVELOPMENT ADMINISTRATION AS PART OF ITS BUILD BACK BETTER REGIONAL CHALLENGE (BBBRC). TOGETHER, THE DRPF-LED COALITION SECURED A PHASE 1 PLANNING GRANT, AS WELL AS A SIGNIFICANT PHASE 2 GRANT FOR THE GLOBAL EPICENTER OF MOBILITY (GEM) INITIATIVE. THIS INITIATIVE WILL INVEST IN CREATING A SMART, SECURE, SUSTAINABLE AND INCLUSIVE ADVANCED MOBILITY INDUSTRY IN THE DETROIT REGION. THROUGHOUT 2024 PHASE 2 ACTIVITIES INCLUDED ACCELERATED ADVANCEMENT OF VIPBY DRP SITE READINESS WORK AND ADVANCED RESEARCH INITIATIVES SURROUNDING MOBILITY INITIATIVES IN THE DETROIT REGION.

Program 3

Expenses: $975,330

MARKETING: THE DRPF'S MARKETING PROGRAM SHARES THE REGION'S STORY ACROSS VIDEO, DIGITAL, AND SOCIAL MEDIA PLATFORMS THROUGHOUT THE YEAR. IT CONTINUES TO PROMOTE THE DETROIT REGION AS A WORLD-CLASS...

MARKETING: THE DRPF'S MARKETING PROGRAM SHARES THE REGION'S STORY ACROSS VIDEO, DIGITAL, AND SOCIAL MEDIA PLATFORMS THROUGHOUT THE YEAR. IT CONTINUES TO PROMOTE THE DETROIT REGION AS A WORLD-CLASS BUSINESS LOCATION, GENERATE AWARENESS WITH ECONOMIC DEVELOPMENT PROSPECTS AND LEVERAGE PARTNERS, STAKEHOLDERS AND ADVOCATES TO SHARE KEY INFORMATION AND MESSAGING ABOUT THE REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,394,023

Program Service Revenue $1,362,518

Investment Income $47,098

Other Revenue $255

TOTAL REVENUE $9,803,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,132,501

Fundraising Expenses $153,154

Program Expenses $9,103,331

Other Expenses $5,760,266

TOTAL EXPENSES $10,892,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,803,894	$4,196,419	+1.3%
Expenses	$10,892,767	$7,164,022	+0.5%
Net Income	$-1,088,873	$-2,967,603	-0.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$721,325

Total Directors

Key Employees

$535,949

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERRY ANDERSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHIP MCCLURE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS ILITCH	DIRECTOR (TERM 06/2024)	1.00	Director	$0	$0	$0
DARIN MCKEEVER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MASSARON	DIRECTOR (START 03/2024)	1.00	Director	$0	$0	$0
DAVID COULTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DAUCH	DIRECTOR	1.00	Director	$0	$0	$0
DONALD RENCHER	DIRECTOR (START 11/2024)	1.00	Director	$0	$0	$0
GARY TORGOW	DIRECTOR (TERM 11/2024)	1.00	Director	$0	$0	$0
JERRY NORCIA	DIRECTOR	1.00	Director	$0	$0	$0
KOFI BONNER	DIRECTOR (TERM 03/2024)	1.00	Director	$0	$0	$0
KYLEE MITCHELL WELLS	DIRECTOR (TERM 11/2024)	1.00	Director	$0	$0	$0
LA JUNE MONTGOMERY TABRON	DIRECTOR	1.00	Director	$0	$0	$0
MARK HACKEL	DIRECTOR	1.00	Director	$0	$0	$0
MATT CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LAND	DIRECTOR (START 11/2024)	1.00	Director	$0	$0	$0
MIKE DUGGAN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL STEWART	DIRECTOR (START 11/2024)	1.00	Director	$0	$0	$0
RAY SCOTT	DIRECTOR (TERM 03/2024)	1.00	Director	$0	$0	$0
RAY TELANG	DIRECTOR (TERM 03/2024)	1.00	Director	$0	$0	$0
RIDGWAY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
RIP RAPSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RINEY	DIRECTOR	1.00	Director	$0	$0	$0
SANDY BARUAH	DIRECTOR	1.00	Director	$0	$0	$0
TERRY RHADIGAN	DIRECTOR (TERM 03/2024)	1.00	Director	$0	$0	$0
TINA FREESE-DECKER	DIRECTOR	1.00	Director	$0	$0	$0
WARREN EVANS	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN KRAUSS	PRESIDENT & CEO	38.00	Officer	$489,901	$60,201	$550,102
TESIA MAMASSIAN	SECRETARY, VP OPERATIONS	38.00	Officer	$151,875	$19,348	$171,223
DAVE MEADOR	TREASURER	1.00	Officer	$0	$0	$0
JUSTIN ROBINSON	EVP, ECONOMIC DEVELOPMENT	39.00	Key Emp	$270,843	$35,341	$306,184
CHRISTINE ROEDER	EVP, GLOBAL EPICENTER OF MOBILITY	39.00	Key Emp	$206,279	$23,486	$229,765
ANGELA LADETTO	SVP, MARKETING & BUS. INTELLIGENCE	39.00	Highest	$208,650	$36,161	$244,811
ALAN WEBER	MVP, BUSINESS DEVELOPMENT	40.00	Highest	$172,550	$33,220	$205,770
WILLIAM BUTLER	VP, BUSINESS DEVELOPMENT	40.00	Highest	$145,625	$28,526	$174,151
HEATHER VOGEL	VP, MARKETING	40.00	Highest	$144,485	$22,603	$167,088
BERNARD SWIECKI	VP, MOBILITY & RESEARCH	24.00	Highest	$147,000	$13,236	$160,236

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	$9,803,894	$10,892,767	$8,323,297	$-1,088,873
2023	$4,196,419	$7,164,022	$5,112,186	$-2,967,603
2022	$8,149,982	$5,538,169	$7,886,860	$2,611,813
2021	$7,260,369	$5,028,963	$4,739,471	$2,231,406
2020	$3,955,950	$4,003,896	$2,496,164	$-47,946
2019	$4,948,198	$2,906,029	$2,330,048	$2,042,169

DETROIT REGIONAL PARTNERSHIP FOUNDATION