DETROIT EXPERIENCE FACTORY

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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

JEANETTE PIERCE

Phone

3139624590

Tax Period

2021-01-01 to 2021-12-31

DETROIT EXPERIENCE FACTORY, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $215K in total revenue in fiscal year 2021. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

Detroit Experience Factory is a leading resource for both visitors and locals to discover, experience and learn about the people, places and projects around the city of Detroit.

Program Service Accomplishments

Program 1

Expenses: $33,826 Revenue: $0

The Detroit Concierge Program provides local experts to ensure your guests have the best Detroit experience possible. Services include providing a Pop-Up Welcome Center (sharing recommendations on...

The Detroit Concierge Program provides local experts to ensure your guests have the best Detroit experience possible. Services include providing a Pop-Up Welcome Center (sharing recommendations on things to do, connecting people with resources, and answering questions about Detroit), greeting and welcoming guests, staffing an information or registration table, and directing guests to on-site or off-site events.

Program 2

Expenses: $58,647 Revenue: $86,243

Our tour program gives you an inside look into the neighborhoods, landmarks and businesses that make up Detroit's past and present. Our tour guides live, work, and play in Detroit offering an...

Our tour program gives you an inside look into the neighborhoods, landmarks and businesses that make up Detroit's past and present. Our tour guides live, work, and play in Detroit offering an individualized perspective on each tour while also covering a wide range of narratives. Expect to hear from businesses owners and residents where applicable for diverse stories and perspectives.

Program 3

Expenses: $95,410 Revenue: $0

Offerings include Learning Journeys, in-depth experiences that focus on Detroit as a classroom including site visits, panel discussions, and case studies; the City Experience Program, advice and...

Offerings include Learning Journeys, in-depth experiences that focus on Detroit as a classroom including site visits, panel discussions, and case studies; the City Experience Program, advice and resources to help cities craft interactive experiences that connect locals and newcomers to the people, places and projects that make each city unique; and Keynotes and Workshops, presentations and interactive workshops to share Detroit's lessons learned at events and conferences locally and around the world.

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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 (2021)

Revenue Breakdown

Contributions & Grants $127,450

Program Service Revenue $86,243

Investment Income $0

Other Revenue $1,393

TOTAL REVENUE $215,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,458

Fundraising Expenses $0

Program Expenses $187,883

Other Expenses $124,501

TOTAL EXPENSES $221,959

Year-over-Year Comparison

	2021	2020	Change
Revenue	$215,086	$144,730	+0.5%
Expenses	$221,959	$248,004	-0.1%
Net Income	$-6,873	$-103,274	-0.9%

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

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

$54,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeanette Pierce	Founder - Executive Director	40	Officer	$54,000	$0	$54,000
Izegbe N N'Namandi	Board President	0.5	Officer Director	$0	$0	$0
Kailey Poort	Board Vice President	0.5	Officer Director	$0	$0	$0
Katherine Baker	Board Treasurer	0.5	Officer Director	$0	$0	$0
Christianne Malone	Board Secretary	0.5	Officer Director	$0	$0	$0
Carlos Spearman	Board Member	0.5	Director	$0	$0	$0
Sean Hyland	Board Member	0.5	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
2021	$215,086	$221,959	$12,553	$-6,873
2019	$578,901	$657,996	$35,517	$-79,095