DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)1 MICHIGAN FOR THE GLOBAL MAJORITY INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $369K in total revenue in fiscal year 2020. Revenue surged 903% from the prior year, signaling strong growth momentum. Expenses of $354K left a modest 4% surplus.
To educate assist and empower marginalized individuals and groups to be permanent contributing and independent members of local communities. To improve intergenerational relations amongst and within various cultural communities. To organize and promote educational and social community centered events and initiatives that promote equality fairness and inclusion throughout all facets of society.
Detroit Hispanic Development Corp gave us $205,100 to give cash to families during the COVID Pandemic. We helped 162 families with this grant. These families were able to use this money to pay past...
Detroit Hispanic Development Corp gave us $205,100 to give cash to families during the COVID Pandemic. We helped 162 families with this grant. These families were able to use this money to pay past due bills rent or mortgages. The amounts were given on a need basis scale developed by a committee of five organizations. $3,000 of this grant was given to the organization to go towards our operating expenses such as our building expenses and marketing materials to get the word our about the program.
Wayne County gave us a $49,999 grant to provide COVID-19 help to families. We ended up giving out cash assistance to families in the amount of $23K. We also used money to purchase and distribute...
Wayne County gave us a $49,999 grant to provide COVID-19 help to families. We ended up giving out cash assistance to families in the amount of $23K. We also used money to purchase and distribute COVID-19 supplies to families in the amount of $7,236.4. The $19,762.6 went towards our office maintenance and fixtures in order to make things safe for families to pick up cash and or supplies when we did our giveaways.
Kresge Foundation gave us $30,000 to support a transition of youth programming during the COVID pandemic. Each of the youth participants were given a stipend of $500 to participate in the program...
Kresge Foundation gave us $30,000 to support a transition of youth programming during the COVID pandemic. Each of the youth participants were given a stipend of $500 to participate in the program. There were 52 youth that participated online for the program that lasted 8 weeks. The other $1,300 was used on program supplies for the program. The final $2,700 went towards administration costs for the program to run smoothly.
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $369,414 | $36,818 | +9.0% |
| Expenses | $353,657 | $8,765 | +39.3% |
| Net Income | $15,757 | $28,053 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| Kate Baker | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| Lesli Castellanos | President | 1.00 |
Officer
|
$0 | $0 | $0 |
| Mohammed Cherri | Treasurer | 1.00 |
Officer
|
$0 | $0 | $0 |
| Samantha Magdaleno | Executive Director0 | 1.00 |
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $369,414 | $353,657 | $31,646 | $15,757 |
Compare 1 MICHIGAN FOR THE GLOBAL MAJORITY INC with other nonprofits in Michigan and across the country.