FINM Solutions

EIN: 852248065 501(c)(3) Community Improvement

Detroit, MI

Total Revenue
$151,158
Total Expenses
$149,382
Total Assets
$25,540
Net Assets
$4,288
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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
2020
Legal Domicile
MI
Tax Period
2023-01-01 to 2023-12-31

FINM Solutions, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $151K in total revenue in fiscal year 2023.

Mission

To offer essential resources, training, mentoring, and advocacy to small organizations, helping them achieve success and support the communities that they serve.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $151,158
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $151,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,981
Fundraising Expenses $3,000
Program Expenses $148,128
Other Expenses $68,401
TOTAL EXPENSES $149,382

Year-over-Year Comparison

2023 2022 Change
Revenue $151,158 N/A N/A
Expenses $149,382 N/A N/A
Net Income $1,776 N/A N/A
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

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Governance

Voting Members
3
Independent Members
2
Employees
3
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
3
$31,821
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shaniece Bennett President 0.00
Officer
$31,821 $0 $31,821
Jennifer Bates Secretary 0.00
Officer
$0 $0 $0
Eboney Hurt Treasurer 0.00
Officer
$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
2024 No data No data No data No data
2023 $151,158 $149,382 $25,540 $1,776
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