DIGITAL LAKES INC (EIN 874084987) - 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

2021

Legal Domicile

Principal Officer

RONIA FAKHOURY-KRUSE

Phone

2487610380

Tax Period

2023-01-01 to 2023-12-31

DIGITAL LAKES INC, founded in 2021, is a small nonprofit in the Science & Technology sector that reported $278K in total revenue in fiscal year 2023.

Mission

TO SHOWCASE MICHIGAN AS A PREMIER DIGITAL HUB - ATTRACTING, DEVELOPING, AND RETAINING TOP TECH TALENT ACROSS INDUSTRIES, WHILE SIMULTANEOUSLY ENHANCING THE GROWTH AND VITALITY OF OUR STATE AND THE ECONOMY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $278,012

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,722

Fundraising Expenses $0

Program Expenses $291,897

Other Expenses $33,258

TOTAL EXPENSES $295,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,012	N/A	N/A
Expenses	$295,080	N/A	N/A
Net Income	$-17,068	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

Governance

Voting Members

Independent Members

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

$22,545

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FIKANY	CO-FOUNDER	10.00	Director	$0	$0	$22,545
RONIA FAKHOURY-KRUSE	BOARD CHAIR,	10.00	Director	$0	$0	$0
CLEMM HOWARD	BOARD MEMBER	10.00	Director	$0	$0	$0
SHATICA MCDONALD	BOARD MEMBER	10.00	Director	$0	$0	$0
GLENN STEVENS	BOARD MEMBER	10.00	Director	$0	$0	$0
GEORGE SURDU	CO-FOUNDER	10.00	Director	$0	$0	$0
MIKE TREASH	BOARD MEMBER	10.00	Officer Director	$0	$0	$0
SANGY VATSA	CO-FOUNDER	10.00	Director	$0	$0	$0
KEVIN VOIGT	BOARD MEMBER	10.00	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
2023	$278,012	$295,080	$98,339	$-17,068

DIGITAL LAKES INC