DETROIT PROMISE SCHOLARSHIP DETROIT PROMISE ZONE AUTHORITY (EIN 843475243) - 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

2019

Legal Domicile

Principal Officer

PRESTON WELBORNE

Phone

3138715500

Tax Period

2024-07-01 to 2025-06-30

DETROIT PROMISE SCHOLARSHIP DETROIT PROMISE ZONE AUTHORITY, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 67% operating margin.

Mission

PROVIDING DETROIT HIGH SCHOOL GRADUATES WITH A TUITION-ASSISTED PATH TO HIGHER EDUCATION.

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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 $5,434,719

Program Service Revenue $0

Investment Income $119,071

Other Revenue $0

TOTAL REVENUE $5,553,790

Expense Breakdown

Grants Paid $1,755,247

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,780,502

Other Expenses $79,198

TOTAL EXPENSES $1,834,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,553,790	$4,492,652	+0.2%
Expenses	$1,834,445	$3,229,541	-0.4%
Net Income	$3,719,345	$1,263,111	+1.9%

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

N/A

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
SHERISSE BUTLER	BOARD MEMBER	N/A	Director	$0	$0	$0
STACIE CLAYTON	BOARD MEMBER	N/A	Director	$0	$0	$0
LAWRENCE GARCIA	BOARD MEMBER	N/A	Director	$0	$0	$0
EVETTE GRIFFIE	BOARD MEMBER	N/A	Director	$0	$0	$0
ASHLEY JOHNSON-VARNER	BOARD MEMBER	N/A	Director	$0	$0	$0
PETER REMINGTON	BOARD MEMBER	N/A	Director	$0	$0	$0
KAYLA RONEY SMITH	BOARD MEMBER	N/A	Director	$0	$0	$0
IRIS TAYLOR	CHAIR	N/A	Officer Director	$0	$0	$0
DESIRAE TOLBERT	TREASURER	N/A	Officer Director	$0	$0	$0
PRESTON WELBORNE	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN ZIRALDO	VICE CHAIR	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	$5,553,790	$1,834,445	$5,404,060	$3,719,345
2024	$4,492,652	$3,229,541	$1,684,715	$1,263,111
2023	$2,451,802	$4,705,056	$421,604	$-2,253,254

DETROIT PROMISE SCHOLARSHIP DETROIT PROMISE ZONE AUTHORITY