RACQUET UP DETROIT FOUNDATION (EIN 883154267) - 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

JOSEPH J O'CONNOR

Phone

3133802675

Tax Period

2024-08-01 to 2025-07-31

RACQUET UP DETROIT FOUNDATION, founded in 2022, is a small nonprofit in the Youth Development sector that reported $485K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $444K, a strong 92% operating margin.

Mission

TO MANAGE FUNDS EXCLUSIVELY FOR RACQUET UP DETROIT IN SUPPORT OF ITS MISSION TO SUPPORT AND EMPOWER DETROIT YOUTH TO ACHIEVE THEIR FULL POTENTIAL THROUGH A DEMANDING AND INSPIRING LONG-TERM EXTRACURRICULAR MENTORING PROGRAM OF SQUASH, ACADEMICS, AND COMMUNITY SERVICE

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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 $432,346

Program Service Revenue $0

Investment Income $52,160

Other Revenue $0

TOTAL REVENUE $484,506

Expense Breakdown

Grants Paid $25,300

Salaries & Benefits $0

Fundraising Expenses $5,339

Program Expenses $25,300

Other Expenses $15,207

TOTAL EXPENSES $40,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,506	$1,173,766	-0.6%
Expenses	$40,507	$35,720	+0.1%
Net Income	$443,999	$1,138,046	-0.6%

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

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

$189,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK AGUIRRE	DIRECTOR	5.00	Director	$0	$23,564	$189,564
JOSEPH J O'CONNOR	PRESIDENT	5.00	Officer Director	$0	$0	$0
JONATHAN UFFELMAN	TREASURER	1.00	Officer Director	$0	$0	$0
J THOMAS MACFARLANE	SECRETARY	1.00	Officer Director	$0	$0	$0
GEORGE A HAGGARTY	DIRECTOR	1.00	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
2025	$484,506	$40,507	$5,883,565	$443,999
2024	$1,173,766	$35,720	$5,059,968	$1,138,046
2023	$3,562,517	No data	$3,627,249	No data

RACQUET UP DETROIT FOUNDATION