Detroit Regional Partnership Foundation

Nonprofit profile at a glance

EIN
831361974
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Detroit, MI, USA
Phone
3135185600
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
Economic Development

Official website

Reported finances

Revenue
$9,803,894
Expenses
$10,892,767
Assets
$8,323,297
Liabilities
$5,542,332

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

37 people listed

Executive titles in this filing

  • MAUREEN KRAUSS (PRESIDENT & CEO)

Highest reported compensation

  • MAUREEN KRAUSS (PRESIDENT & CEO): $550,102 total reported compensation
  • JUSTIN ROBINSON (EVP, ECONOMIC DEVELOPMENT): $306,184 total reported compensation
  • ANGELA LADETTO (SVP, MARKETING & BUS. INTELLIGENCE): $244,811 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 drpf 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

Business intelligence and talent solutions: drpf's business intelligence program specializes in helping companies understand the competitive advantages of southeast Michigan through verified data and statistics. Our team has compiled information about each community and industry within the region, so prospects and partners alike have access to the data they need to make informed decisions. The business intelligence team provides the region with customized data and analytics reports including information on workforce availability, the cost of doing business, talent affordability, industry business cases, our customer and supplier ecosystem, and more. Drpf's talent solutions program supports prospective and newly entered businesses in navigating the detroit region's large and diverse workforce with concrete data and custom talent solutions. It provides in-depth information on our regional demographics, workforce profile, and talent pipeline to ensure that our community meets specific project needs. It also connects projects with local companies and hr professionals to learn about southeast Michigan's workforce directly from employers in their industry, and connects companies with a vast network of local workforce and community partners.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.9%; rating input score 93
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: $54.81 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • 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: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: -11.1%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 20.3%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 24.6% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 12.6% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 22.5% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 92.9% of revenue deployed · 83.6% of spending went to programs
  • Governance: 19 of 19 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $9.1M in reported program spending
  • Leadership: top reported pay $550K · 37 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.1M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 12/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.