Civic Intelligence

Inforum

990 • Fiscal year 2024 • EIN 30-0101343

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 11, 2025

Organization ProfileWWW.INFORUMMICHIGAN.ORG
400 Renaissance Center 2155Detroit, MI 48243

(313) 567-0232

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

59th percentile

0.11x

Higher debt load relative to assets than 59% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

68th percentile

0.23x

Higher debt load relative to revenue than 68% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-4.3%

Higher net margin than 30% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$391,167

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 17.9% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

39th percentile

0.5%

Faster asset growth than 39% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-3.4%

Faster revenue growth than 29% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$4,308,809

Up $22,488 (+0.5%) from 2023

Net Assets

Up

$3,815,955

Up $10,738 (+0.3%) from 2023

Liabilities

Up

$492,854

Up $11,750 (+2.4%) from 2023

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin30th percentile

Revenue

Down

$2,183,400

Down $77,228 (-3.4%) from 2023

Expenses

Up

$2,276,764

Up $45,949 (+2.1%) from 2023

Net Income

Down

-$93,364

Down $123,177 (-413%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $691,437Liabilities 2010: $57,102Net Assets 2010: $634,3352010Assets 2011: $731,997Liabilities 2011: $51,197Net Assets 2011: $680,8002011Assets 2012: $911,455Liabilities 2012: $126,611Net Assets 2012: $784,8442012Assets 2013: $1,110,477Liabilities 2013: $178,867Net Assets 2013: $931,6102013Assets 2014: $1,452,719Liabilities 2014: $56,155Net Assets 2014: $1,396,5642014Assets 2015: $1,557,144Liabilities 2015: $157,447Net Assets 2015: $1,399,6972015Assets 2016: $1,533,155Liabilities 2016: $264,183Net Assets 2016: $1,268,9722016Assets 2018: $3,796,718Liabilities 2018: $475,654Net Assets 2018: $3,321,0642018Assets 2019: $3,993,195Liabilities 2019: $431,952Net Assets 2019: $3,561,2432019Assets 2020: $3,828,711Liabilities 2020: $380,789Net Assets 2020: $3,447,9222020Assets 2021: $4,234,684Liabilities 2021: $274,653Net Assets 2021: $3,960,0312021Assets 2022: $3,977,241Liabilities 2022: $419,372Net Assets 2022: $3,557,8692022Assets 2023: $4,286,321Liabilities 2023: $481,104Net Assets 2023: $3,805,2172023Assets 2024: $4,308,809Liabilities 2024: $492,854Net Assets 2024: $3,815,9552024Assets 2025: $4,109,802Liabilities 2025: $538,898Net Assets 2025: $3,570,9042025

Highlighted filing

2024

Assets$4,308,809
Liabilities$492,854
Net Assets$3,815,955
Open 2024 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $468,1072010Expenses 2011: $586,1962011Expenses 2012: $872,3832012Expenses 2013: $1,051,9532013Revenue 2014: $1,157,087Expenses 2014: $1,134,247Net Income 2014: $22,8402014Revenue 2015: $1,241,691Expenses 2015: $1,204,091Net Income 2015: $37,6002015Revenue 2016: $1,186,083Expenses 2016: $1,280,704Net Income 2016: -$94,6212016Revenue 2018: $2,563,769Expenses 2018: $2,335,580Net Income 2018: $228,1892018Revenue 2019: $2,674,525Expenses 2019: $2,362,487Net Income 2019: $312,0382019Revenue 2020: $1,758,420Expenses 2020: $1,774,896Net Income 2020: -$16,4762020Revenue 2021: $1,930,788Expenses 2021: $1,623,661Net Income 2021: $307,1272021Revenue 2022: $2,035,446Expenses 2022: $2,133,319Net Income 2022: -$97,8732022Revenue 2023: $2,260,628Expenses 2023: $2,230,815Net Income 2023: $29,8132023Revenue 2024: $2,183,400Expenses 2024: $2,276,764Net Income 2024: -$93,3642024Revenue 2025: $1,763,741Expenses 2025: $2,155,003Net Income 2025: -$391,2622025

Highlighted filing

2024

Revenue$2,183,400
Expenses$2,276,764
Net Income-$93,364
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 11, 2025
Return Version
2023v6.0
Gross Receipts
$2,341,369
Mission and Program Overview

Mission

Inforum accelerates careers for women and is a catalyst that removes barriers and increases opportunity.

Inforum focuses on accelerating careers for women, providing original research and facilitating gender equity in business leadership through educational programs, networking, leadership and volunteer opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,748,334$1,971,852▲ $223,518
Savings and Temporary Cash Investments$1,681,239$1,331,532▼ $349,707
Cash and Non-Interest-Bearing Accounts$463,999$655,889▲ $191,890
Pledges and Grants Receivable$241,234$158,992▼ $82,242
Prepaid Expenses and Deferred Charges$27,535$62,602▲ $35,067
Accounts Receivable$50,800$50,248▼ $552
Land, Buildings, and Equipment, Net$13,556$9,540▼ $4,016
Total Assets$4,286,321$4,308,809▲ $22,488
Other Assets Total$59,624$68,154▲ $8,530
Liabilities
Deferred Revenue$261,451$286,423▲ $24,972
Accounts Payable and Accrued Expenses$219,653$206,431▼ $13,222
Total Liabilities$481,104$492,854▲ $11,750
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,407,407$3,494,108▲ $86,701
Net Assets With Donor Restrictions$397,810$321,847▼ $75,963
Total Net Assets Fund Balance$3,805,217$3,815,955▲ $10,738
Total Liabilities and Net Assets / Fund Balance$4,286,321$4,308,809▲ $22,488

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$9,540$245,885$255,425
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry BarclayPresident and CEOFT$378,101$13,066$391,167
Rebecca Pucket WoodVP, Corporate & Member EngFT$124,367$13,734$138,101
Lorrena BlackVP, Leadership DevelopmentFT$114,300$5,074$119,374
Cynthia ThiemeEmployeeFT$102,660$12,250$114,910

Board Members and Trustees

NameTitle
Jamie SimpsonChair
Kiersten RobinsonImmediate Past Chair
Kimberly Keaton WilliamsVice Chair
Amy SchultzDirector
Andrew DoyleDirector
Beth CorreaDirector
Beth RoseDirector
Brenda McmahonDirector
Carlos CubiaDirector
Carrie LeahyDirector
Catherine BehrenbrinkerDirector
Cheri AlexanderDirector
Christina CoplenDirector
Christine Mason SoneralDirector
Christine SitekDirector
Elisa BassiDirector
George LenyoDirector
Gianna FerrarottiDirector
Gina ColemanDirector
Gina StaudacherDirector
Grace TruemanDirector
Jennifer GibsonDirector
Jill DarkDirector
Joanna TotskyDirector
Julia SwansonDirector
Karen FolgerDirector
Kristin SmallwoodDirector
Kristin SupancichDirector
Laura YouDirector
Lynette CollinsDirector
MAUREEN D'AGOSTINODirector
Marianne VidershainDirector
Maximiliane StraubDirector
Megan CrespiDirector
Melissa CollarDirector
Michelle IlitchDirector
Pamela RiesDirector
Raz LewisDirector
Rhonda LaurencelleDirector
Ronia KruseDirector
Sandra GaddyDirector
Sandy HarveyDirector
Sandy StojkovskiDirector
Sarah IdrissDirector
Sean SilverDirector
Telva McgruderDirector
Trina ScottDirector
Brian KrausSecretary
Bonnie Van EttenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
2gathrDigital Marketing1221 BOWERS ST 1754, Birmingham, MI 48012$172,762
Cynthia GoodakerPr & Communications Consulting400 RENAISSANCE CENTER STE 2155, Detroit, MI 48243$149,250
Revenue and Support

Revenue Composition

Contributions and Grants
$1,551,711
Program Service Revenue
$579,726
Investment Income
$51,963
Other Revenue
$0
All Other Contributions
$1,551,711
Change in Net Assets
$-93,364

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,168,901
Revenue Not Reported on Financial Statements
$14,499
Revenue Not Reported on Form 990
$206,469
Total Revenue per Audited Statements
$2,375,370
Total Revenue per Form 990
$2,183,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,347,517
Other Expenses$929,247
Total Fundraising Expense$200,365
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$643,744$74,278$107,291$825,313
Current Officers, Directors, Trustees, and Key Employees$309,527$35,715$51,588$396,830
Payroll Taxes$53,777$6,205$8,963$68,945
Information Technology$42,962$4,955$7,160$55,077
Advertising$44,175$4,336$6,263$54,774
Other Employee Benefits$30,107$3,474$5,018$38,599
Other Expenses$27,756--$27,756
Travel$20,969$2,419$3,495$26,883
Fees for Services Accounting$11,770$5,319$1,962$19,051
All Other Expenses$14,787$1,706$2,464$18,957
Pension Plan Contributions$13,907$1,605$2,318$17,830
Occupancy$11,970$1,381$1,995$15,346
Fees for Service Investment Mgmnt Fees-$14,499-$14,499
Insurance$7,958$918$1,326$10,202
Depreciation Depletion$3,132$362$522$4,016
Total Functional Expenses$1,919,227$157,172$200,365$2,276,764

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,364,630
Total Expenses per Form 990$2,276,764
Expenses per Audited Statements$2,262,265
Expenses Not Reported on Form 990$102,365
Expenses Not Reported on Financial Statements$14,499
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A final draft of the 990 was presented to, and reviewed and accepted by, the members of the board of directors at a quarterly meeting.”

Form 990, Part VI, Section B, Line 12C

“Organization conducts annual meetings with officers, directors, and key employees to ensure compliance.”

Form 990, Part VI, Section B, Line 15

“The officer's compensation is determined by the executive committee following recommendations from an independent compensation consultant and salary survey comparisons. The compensation for the ceo/executive director and key employees is approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Inforum
EIN
30-0101343
Phone
3135670232
Address
400 RENAISSANCE CENTER 2155, DETROIT, MI 48243

Signing Officer

Name
Terry Barclay
Title
President
Phone
3135783230
Signed
2025-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Barclay
Formed
2002
Legal Domicile
Mi
Voting Board Members
45
Independent Board Members
44
Employees
8
Volunteers
350

Preparer

Firm
Grant Millman & Johnson Pc
Address
39475 W 13 MILE RD STE 200, NOVI, MI 48377
Preparer
Steven G Boggs CPA
Phone
2489948500
Raw XML AppendixShowing 400 of 803 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1JAMIE SIMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm2BONNIE VAN ETTEN
IRS990/Form990PartVIISectionAGrp/PersonNm3PAMELA RIES
IRS990/Form990PartVIISectionAGrp/PersonNm4MAXIMILIANE STRAUB
IRS990/Form990PartVIISectionAGrp/PersonNm5CHERI ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm6CATHERINE BEHRENBRINKER
IRS990/Form990PartVIISectionAGrp/PersonNm7GINA COLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8MELISSA COLLAR
IRS990/Form990PartVIISectionAGrp/PersonNm9BETH CORREA
IRS990/Form990PartVIISectionAGrp/PersonNm10MAUREEN D'AGOSTINO
IRS990/Form990PartVIISectionAGrp/PersonNm11ANDREW DOYLE
IRS990/Form990PartVIISectionAGrp/PersonNm12GIANNA FERRAROTTI
IRS990/Form990PartVIISectionAGrp/PersonNm13KAREN FOLGER
IRS990/Form990PartVIISectionAGrp/PersonNm14LYNETTE COLLINS
IRS990/Form990PartVIISectionAGrp/PersonNm15CHRISTINA COPLEN
IRS990/Form990PartVIISectionAGrp/PersonNm16KIMBERLY KEATON WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm17RONIA KRUSE
IRS990/Form990PartVIISectionAGrp/PersonNm18RHONDA LAURENCELLE
IRS990/Form990PartVIISectionAGrp/PersonNm19CARRIE LEAHY
IRS990/Form990PartVIISectionAGrp/PersonNm20GEORGE LENYO
IRS990/Form990PartVIISectionAGrp/PersonNm21RAZ LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm22BRENDA MCMAHON
IRS990/Form990PartVIISectionAGrp/PersonNm23BRIAN KRAUS
IRS990/Form990PartVIISectionAGrp/PersonNm24JILL DARK
IRS990/Form990PartVIISectionAGrp/PersonNm25TRINA SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm26SEAN SILVER
IRS990/Form990PartVIISectionAGrp/PersonNm27CHRISTINE SITEK
IRS990/Form990PartVIISectionAGrp/PersonNm28KRISTIN SMALLWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm29AMY SCHULTZ
IRS990/Form990PartVIISectionAGrp/PersonNm30GINA STAUDACHER
IRS990/Form990PartVIISectionAGrp/PersonNm31SANDY STOJKOVSKI
IRS990/Form990PartVIISectionAGrp/PersonNm32KRISTIN SUPANCICH
IRS990/Form990PartVIISectionAGrp/PersonNm33JOANNA TOTSKY
IRS990/Form990PartVIISectionAGrp/PersonNm34GRACE TRUEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm35TERRY BARCLAY
IRS990/Form990PartVIISectionAGrp/PersonNm36LAURA YOU
IRS990/Form990PartVIISectionAGrp/PersonNm37SANDRA GADDY
IRS990/Form990PartVIISectionAGrp/PersonNm38MICHELLE ILITCH
IRS990/Form990PartVIISectionAGrp/PersonNm39MARIANNE VIDERSHAIN
IRS990/Form990PartVIISectionAGrp/PersonNm40ELISA BASSI
IRS990/Form990PartVIISectionAGrp/PersonNm41MEGAN CRESPI
IRS990/Form990PartVIISectionAGrp/PersonNm42CARLOS CUBIA
IRS990/Form990PartVIISectionAGrp/PersonNm43JENNIFER GIBSON
IRS990/Form990PartVIISectionAGrp/PersonNm44SANDY HARVEY
IRS990/Form990PartVIISectionAGrp/PersonNm45SARAH IDRISS
IRS990/Form990PartVIISectionAGrp/PersonNm46CHRISTINE MASON SONERAL
IRS990/Form990PartVIISectionAGrp/PersonNm47TELVA MCGRUDER
IRS990/Form990PartVIISectionAGrp/PersonNm48BETH ROSE
IRS990/Form990PartVIISectionAGrp/PersonNm49JULIA SWANSON
IRS990/Form990PartVIISectionAGrp/PersonNm50REBECCA PUCKET WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm51LORRENA BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm52CYNTHIA THIEME
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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,308,809
Liabilities
$492,854
Net assets
$3,815,955
Revenue
$2,183,400
Expenses
$2,276,764
Net income
-$93,364
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.11$0.54$3.57$1.76$2.16$0.39
2024Detailed filing. Detailed filing data is available for this year.$4.31$0.49$3.82$2.18$2.28$0.09
2023Detailed filing. Detailed filing data is available for this year.$4.29$0.48$3.81$2.26$2.23$0.03
2022Detailed filing. Detailed filing data is available for this year.$3.98$0.42$3.56$2.04$2.13$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.23$0.27$3.96$1.93$1.62$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.83$0.38$3.45$1.76$1.77$0.02
2019Detailed filing. Detailed filing data is available for this year.$3.99$0.43$3.56$2.67$2.36$0.31
2018Detailed filing. Detailed filing data is available for this year.$3.80$0.48$3.32$2.56$2.34$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.53$0.26$1.27$1.19$1.28$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.56$0.16$1.40$1.24$1.20$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.06$1.40$1.16$1.13$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.18$0.93$1.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.13$0.78$0.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.05$0.68$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.69$0.06$0.63$0.47