Inforum EIN 30-0101343

Inforum

EIN  30-0101343 Public charity (501(c)(3)) Southfield, MI
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/13/26 · see original filing: IRS
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Size
$1–10M
What they do
Accelerates women's careers and business leadership through research, education, and networking.
Leadership
Terry Barclay · President and CEO · $353K
Money in and out
$1.8M revenue, $2.2M expenses
Bottom line
81% program efficiency

Accelerates women's careers and business leadership through research, education, and networking. For fiscal year 2025 it reported $1.8M in revenue, $2.2M in expenses, and $3.6M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$391K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program efficiency
81%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
21.4mo
months of highly liquid reserves at operating expense rate▲ +2% vs prior filing year
Surplus margin
-22%
revenue over expenses, this year▼ -419% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.8M
FY2025▼ -19%
Expenses
$2.2M
FY2025▼ -5%
Total assets
$4.1M
FY2025▼ -5%
Total liabilities
$539K
FY2025▲ +9%
Total revenue
$1.8M
Pt VIII · Ln 12
Total expenses
$2.2M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$391K
Total assetsPt X · Ln 16$4.1M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 344
Independent voting membersPt I · Ln 444
Mission & Programs · Part III

Where the work happens

1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2024.
01

The organization advances women's leadership by delivering comprehensive training programs that include skill building sessions led by industry leaders, top women executives, and personalized mentoring.

$1.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CInforum
EINHdr · item D30-0101343
Principal addressHdr · item CSouthfield, MI
WebsiteHdr · item Jwww.inforummichigan.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B60)
Ruling yearIRS BMFSep 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a44
Independent voting membersPt VI · Ln 1b44
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President and CEO
$353,415Pt VII · Sec A
Interim CEO
$144,500Pt VII · Sec A
VP Corporate and Member Eng
$132,808Pt VII · Sec A
VP Corporate Strategy and Bus Dev
$122,506Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Terry Barclay’s $353K as President and CEO is at the 98th percentile of top reported officer pay among 3392 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Terry Barclay$353,415$378,101$364,639$350,416$304,403$332,183
Cynthia Goodaker$144,500
Rebecca Puckett-Wood$132,808
Carole Leigh Hutton$127,010$127,010$131,497
Rebecca Pucket Wood$124,367$128,418$116,597$112,630
Cynthia Thieme$122,506$102,660
Lorrena Black$114,300$108,050$106,375
Michele Shelton$109,508

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.1M · 62%
Program service revenue$584K · 33%
Investment income$80K · 5%
Contributions & grants62%$1.1M
Program service revenue33%$584K
Investment income5%$80K
Total revenueLn 12$1.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.14 Fundraising $0.05
Program services81%$1.7M
Management & general14%$297K
Fundraising5%$115K
Total functional expensesLn 25$2.2M

Balance Sheet

Part X · end of year
CashLn 1$1.7M
Total assetsLn 16$4.1M
Total liabilitiesLn 26$539K
Total net assetsLn 32$3.6M
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.8M · Operating expenses/yr $2.2M
21.4 months
Where the money goes
Program services
Program services $1.7M · Total expenses $2.2M
81%
Management & General
Management & general $297K · Total expenses $2.2M
14%
Fundraising
Fundraising $115K · Total expenses $2.2M
5%
Cost to raise $1
Fundraising expense (3-yr avg) $166K · Solicited contributions (3-yr avg) $1.4M
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.1M · Total revenue $1.8M
62%
Government reliance
Government grants — · Total revenue $1.8M
Earned-income share
Program service revenue $584K · Total revenue $1.8M
33%
Investment reliance
Investment income $80K · Total revenue $1.8M
+5%
Program self-sufficiency
Program service revenue $584K · Total expenses $2.2M
27%
Growth & trend
Revenue growth (YoY)
This year $1.8M · Prior year $2.2M
-19%
Revenue CAGR
FY2019 $1.8M · FY2024 $1.8M
0%
Net-asset trend (YoY)
End of year $3.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.8M · Expenses $2.2M
-22%
Liabilities-to-Assets
Total liabilities — · Total assets $4.1M
Net-asset ratio
Net assets $3.6M · Total assets $4.1M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.2M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4.1M
53%
People & payroll
Highest Reported Total Compensation
Individual Terry Barclay · Reported title PRESIDENT AND CEO · Highest reported compensation $353K · Total expenses $2.2M
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $2.2M
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 14%
Fundraising cost ratio 11%
Revenue growth -19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.8M revenue · viewing · ⤓ 990 PDF
FY2024$2.2M revenue · ⤓ 990 PDF
FY2023$2.3M revenue · ⤓ 990 PDF
FY2022$2.0M revenue · ⤓ 990 PDF
FY2021$1.9M revenue · ⤓ 990 PDF
FY2020$1.8M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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