DETROIT LEADERSHIP FOUNDATION

EIN: 872652820 501(c)(3) Public & Societal Benefit

DETROIT, MI

Total Revenue
$1,076
Total Expenses
$11,630
Total Assets
$317,009
Net Assets
$316,309
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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
2021
Legal Domicile
MI
Phone
3138730064
Tax Period
2022-01-01 to 2022-12-31

DETROIT LEADERSHIP FOUNDATION, founded in 2021, is a micro nonprofit in the Public & Societal Benefit sector that reported $1K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 981% operating deficit.

Mission

We exist to equip leaders and empower underserved communities for the spiritual and social renewal of the City of Detroit. The Detroit Leadership Foundation was incorporated in September 2021, held its first Board meeting in January 2022, ratified its mission in April 2022 and kicked off its first pilot program in October 2022. Much of our activities have been centered around engaging with church and community leaders that have an interest in the development of youth leaders. During this first year of operations, we researched, created and kicked off a pilot of our youth ministry leadership program and Leadership Investment training series.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,076
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,076

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,480
Fundraising Expenses $900
Program Expenses $5,906
Other Expenses $6,250
TOTAL EXPENSES $11,630

Year-over-Year Comparison

2022 2021 Change
Revenue $1,076 $326,863 -1.0%
Expenses $11,630 N/A N/A
Net Income $-10,554 $326,863 -1.0%
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
6
Independent Members
5
Employees
N/A
Volunteers
3

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Allen Sheffield Chairman and Executive Director 16.00
Officer Director
$0 $0 $0
Lisa Johanon Vice Chairman and Secretary 5.00
Officer Director
$0 $0 $0
Danny Preston Director 0.50
Director
$0 $0 $0
Harvey Carey Treasurer 0.50
Officer Director
$0 $0 $0
Mike Essian Director 0.50
Director
$0 $0 $0
Mark VanAndel Director 0.50
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
2022 $1,076 $11,630 $317,009 $-10,554
2021 $326,863 No data $326,863 No data
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