FUND FOR CULTURE (EIN 880946985) - 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

2022

Legal Domicile

Principal Officer

KIM TRENT

Phone

2489885898

Tax Period

2024-01-01 to 2024-12-31

FUND FOR CULTURE, founded in 2022, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $162K, a strong 63% operating margin.

Mission

TO RAISE AND EXPEND FUNDS IN PURSUIT OF THE PASSAGE OF A PUBLIC TAX MILLAGE IN METROPOLITAN DETROIT TO PROVIDE FUNDING FOR THE CHARLES H. WRIGHT MUSEUM OF AFRICAN AMERICAN HISTORY AND THE DETROIT HISTORICAL MUSEUM, AS WELL AS RELATED ACTIVITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $200,000

Program Service Revenue $0

Investment Income $57,558

Other Revenue $0

TOTAL REVENUE $257,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,653

Other Expenses $95,058

TOTAL EXPENSES $95,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,558	$863,044	-0.7%
Expenses	$95,058	$29,118	+2.3%
Net Income	$162,500	$833,926	-0.8%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM TRENT	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREGORY A NOWAK	VICE-PRESIDENT AND TREASURER	1.00	Officer Director	$0	$0	$0
RODERICK GILLUM	VICE-PRESIDENT AND SECRETARY	1.00	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	$257,558	$95,058	$1,396,444	$162,500
2023	$863,044	$29,118	$1,233,944	$833,926
2022	$400,050	$32	$400,018	$400,018

FUND FOR CULTURE