DETROIT ELECTRICAL WORKERS BENEVOLENT CORPORATION (EIN 884206422) - 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

MICHAEL BELLHORN

Phone

5866125964

Tax Period

2024-01-01 to 2024-12-31

DETROIT ELECTRICAL WORKERS BENEVOLENT CORPORATION, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $112K left a modest 7% surplus.

Mission

TO RECEIVE AND ADMINISTER FUNDS RECEIVED THROUGH FUNDRAISING EVENTS AND OTHER DONATIONS TO BE USED FOR VARIOUS CHARITABLE ACTIVITIES INCLUDING AID TO ELECTRICAL WORKERS AND THEIR FAMILIES, AFTER AN UNTIMELY DEATH, DURING PERIODS OF ILLNESS OR INJURY, AND ELECTRICAL WORKER APPRENTICESHIP SCHOOL SCHOLARSHIPS.

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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 $73,656

Program Service Revenue $0

Investment Income $51

Other Revenue $47,067

TOTAL REVENUE $120,774

Expense Breakdown

Grants Paid $107,651

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,651

Other Expenses $4,599

TOTAL EXPENSES $112,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,774	$205,343	-0.4%
Expenses	$112,250	$32,455	+2.5%
Net Income	$8,524	$172,888	-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

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
MICHAEL BELLHORN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD FLOOD	DIRECTOR AT	1.00	Director	$0	$0	$0
JAMES MACKEY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DANIEL MEYERNIK	TREASURER	1.00	Officer Director	$0	$0	$0
JIM REHBERG	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	$120,774	$112,250	$181,412	$8,524
2023	$205,343	$32,455	$172,888	$172,888

DETROIT ELECTRICAL WORKERS BENEVOLENT CORPORATION