Lace Up Detroit Inc

Nonprofit profile at a glance

EIN
475204205
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Northville, MI, USA
Phone
9733090197
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Gift Distribution

Reported finances

Revenue
$141,229
Expenses
$116,261
Assets
$79,737
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • Suzanne Seitz (President)

People named in this filing

  • Suzanne Seitz (President)
  • Christine Krathwohl (Board member)
  • Brittany Simon (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide new shoes to underserved in metro Detroit

What it reported doing in 2025

Donated a total of 4021 shoes (purchased 3955 pairs of new shoes and 66 pairs were donated to Lace Up Detroit for distribution) and 2,978 pairs of new socks. Shoes and socks were distributed through shoe distribution events at Starfish (2 events to distribute shoes); Vista Maria (2 events to distribute shoes); Durfee Innovation Society (donated for shoe closet); Dickinson West (Fall event); Career Dress; Rhonda Walker Foundation (Fall and Winter events); Charter Academy (Fall event); Nolan elementary (Fall event); Capuchin (shoe closet) . All of these organizations are in the Metro Detroit area

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
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. Total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 100
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.5%; rating input score 77
  • Program expense ratio: 93.9%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 17.7%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 20.7% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 29.6% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 37.1% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 77.5% of revenue deployed · 93.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $109K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.