DFC QALICB INC (EIN 873844803) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

SONYA MAYS

Phone

3139607700

Tax Period

2024-01-01 to 2024-12-31

DFC QALICB INC, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 194% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 67% operating margin.

Mission

DFC QALICB, INC. (DFC QALICB) IS A MICHIGAN NONPROFIT CORPORATION FORMED FOR THE PURPOSE OF HOLDING REAL ESTATE RELATED TO THE FOOD COMMONS PROJECT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,659,100

Program Service Revenue $333,189

Investment Income $4,142

Other Revenue $0

TOTAL REVENUE $1,996,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $663,809

Other Expenses $663,809

TOTAL EXPENSES $663,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,996,431	$678,572	+1.9%
Expenses	$663,809	$12,715	+51.2%
Net Income	$1,332,622	$665,857	+1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$508,099

Total Directors

$508,099

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SONYA MAYS	PRESIDENT & CEO	0.25	Officer Director	$0	$41,444	$292,767
CRAIG WILLIAN	SECRETARY	0.25	Officer Director	$0	$34,643	$215,332
MALIK YAKINI	CHAIR	0.25	Officer Director	$0	$0	$0
MEREDITH FREEMAN	VICE CHAIR	0.25	Officer Director	$0	$0	$0
WAYBON DEWAYNE WELLS	TREASURER	0.25	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
2024	$1,996,431	$663,809	$21,077,915	$1,332,622
2023	$678,572	$12,715	$22,271,877	$665,857
2022	$601,955	$835	$20,740,248	$601,120

DFC QALICB INC