DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BENEVOLENT SOCIETY, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $123K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $70K, a strong 57% operating margin.
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ANNUAL MLK BANQUET WHERE THE COMMUNITY WAS SERVED AND RECOGNIZED INDIVIDUALS IN THE WHO HAVE MADE SIGNIFICANT POSITIVE IMPACTS.
THE COMMUNITY WARMING CENTER PROJECT IS AT HISTORIC KING SOLOMON MBC 6125 14TH STREET. WE WILL OPEN A COMMUNITY WARMING AND WELLNESS CENTER PROGRESS HAS BEEN MADE BY REPLACING WINDOWS IN THE...
THE COMMUNITY WARMING CENTER PROJECT IS AT HISTORIC KING SOLOMON MBC 6125 14TH STREET. WE WILL OPEN A COMMUNITY WARMING AND WELLNESS CENTER PROGRESS HAS BEEN MADE BY REPLACING WINDOWS IN THE BUILDING. HISTORIC KING SOLOMON IS CURRENTLY STORING HEA. ALSO CREATING A CLOTHING CLOSET TO SERVE THE COMMUNITY WITH FREE CLOTHING.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $122,836 | $113,375 | +0.1% |
| Expenses | $52,639 | $69,855 | -0.2% |
| Net Income | $70,197 | $43,520 | +0.6% |
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 |
|---|---|---|---|---|---|---|
| CHARLES E WILLIAMS II | EXECUTIVE DIRECTOR | 020.00 |
Director
|
$0 | $0 | $0 |
| WOVINA A ELAM | CFO | 005.00 |
Officer
|
$550 | $0 | $550 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $122,836 | $52,639 | No data | $70,197 |
| 2024 | $113,411 | $69,855 | No data | $43,556 |
| 2023 | $85,070 | $153,796 | No data | $-68,726 |
| 2022 | $376,041 | $142,409 | No data | $233,632 |
Compare BENEVOLENT SOCIETY with other nonprofits in Michigan and across the country.