Detroit Regional Partnership
Nonprofit profile at a glance
- EIN
- 831370004
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Detroit, MI, USA
- Phone
- 3135185600
- Rating confidence
- Limited
- Sector
- Economic Development
Reported finances
- Revenue
- $453,205
- Expenses
- $19,000
- Assets
- $4,273,460
- Liabilities
- $22,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- MAUREEN KRAUSS (PRESIDENT & CEO)
Highest reported compensation
- MAUREEN KRAUSS (PRESIDENT & CEO): $550,102 total reported compensation
- TESIA MAMASSIAN (SECRETARY, VP OPERATIONS): $171,223 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The drp is an economic development organization. It seeks to market the 11-county southeast Michigan region to both domestic and global investors with the goal of attracting new business, job opportunities and investment to southeast Michigan.
What it reported doing in 2024
Provided supporting services to detroit regional partnership foundation to help fulfill the mission to bring economic development to southeast Michigan.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 58
- Accountability: 91
- Sustainability: 82
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 4th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 95.8%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 224.92; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 418.7%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -34.1% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 19.3% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 20 of 20 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $550K · 30 people listed · 0 of 6 pay-setting controls reported
- Consistency: 10 of 10 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 0/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.