MARYGROVE COLLEGE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

DR ELIZABETH A BURNS

Phone

3139271780

Tax Period

2018-07-01 to 2019-06-30

MARYGROVE COLLEGE, founded in 1959, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2018. Revenue decreased 16% compared to the prior year.

Mission

1) EDUCATES STUDENTS FROM DIVERSE BACKGROUNDS, 2) FOSTERS VALUES-BASED LEADERSHIP, 3) PROVIDES INNOVATIVE GRADUATE STUDIES AND PROFESSIONAL DEVELOPMENT TOWARD CAREER ENHANCEMENT AND SOCIAL RESPONSIBILITY, AND 4) SERVES AS AN INSTITUTIONAL LEADER WITHIN THE CITY OF DETROIT. TO EDUCATE EACH STUDENT TOWARD INTELLECTUAL AND PROFESSIONAL COMPETENCE; TOWARD CAREER FLEXIBILITY THROUGH GROUNDING IN THE LIBERAL ARTS; AND TOWARD ACTIVE COMPASSION AND COMMITMENT.

Program Service Accomplishments

Program 1

Expenses: $6,123,427 Revenue: $3,981,282

MARYGROVE PROVIDED EDUCATIONAL INSTRUCTION TO STUDENTS AT THE GRADUATE AND EXTENDED LEARNING LEVELS. MARYGROVE OFFERS SMALL CLASSES TAUGHT BY PROFESSORS AND REAL-WORLD EXPERTS WHO INSTILL VALUABLE...

MARYGROVE PROVIDED EDUCATIONAL INSTRUCTION TO STUDENTS AT THE GRADUATE AND EXTENDED LEARNING LEVELS. MARYGROVE OFFERS SMALL CLASSES TAUGHT BY PROFESSORS AND REAL-WORLD EXPERTS WHO INSTILL VALUABLE STRATEGIC KNOWLEDGE.

Program 2

Expenses: $667,004 Revenue: $427,625

STUDENT SERVICES PROVIDE SUPPORT TO STUDENTS DURING THEIR STUDENT CAREER. STUDENT SERVICES INCLUDE REGISTRAR, PLACEMENT, ADVISING, AND FINANCIAL AID. THESE RESOURCES ARE DESIGNED FOR STUDENT SUCCESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $6,638,854

Program Service Revenue $4,408,907

Investment Income $-2,716,415

Other Revenue $0

TOTAL REVENUE $8,331,346

Expense Breakdown

Grants Paid $454,670

Salaries & Benefits $3,665,390

Fundraising Expenses $352,063

Program Expenses $6,790,431

Other Expenses $4,884,941

TOTAL EXPENSES $9,005,001

Year-over-Year Comparison

	2018	2017	Change
Revenue	$8,331,346	$9,878,041	-0.2%
Expenses	$9,005,001	$15,487,313	-0.4%
Net Income	$-673,655	$-5,609,272	-0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

105

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$598,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYFRANCES BARBER	BOARD MEMBER	1.0	Director	$0	$0	$0
KAY BENESH	BOARD MEMBER	1.0	Director	$0	$0	$0
ALFRED BINFORD	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN CAVANAUGH	BOARD CHAIR	5.0	Director	$0	$0	$0
MARIE CINI	BOARD MEMBER	1.0	Director	$0	$0	$0
DIANE DEFRANCIS	BOARD MEMBER	1.0	Director	$0	$0	$0
NANCY GESCHKE	BOARD SECRETARY	2.0	Director	$0	$0	$0
RICHMOND HAWKINS	BOARD MEMBER	1.0	Director	$0	$0	$0
MARY ANN HINSDALE	BOARD MEMBER	1.0	Director	$0	$0	$0
SHARON HOLLAND	BOARD MEMBER	1.0	Director	$0	$0	$0
DONNA JURICK	BOARD MEMBER	1.0	Director	$0	$0	$0
MARY MASSARON	BOARD TREASURER	1.0	Director	$0	$0	$0
PATRICIA MCCLUSKEY	BOARD VICE CHAIRMAN	1.0	Director	$0	$0	$0
ELIZABETH RICHARDS	BOARD MEMBER	1.0	Director	$0	$0	$0
KAREN RISTAU	BOARD MEMBER	1.0	Director	$0	$0	$0
KATHLEEN SCHULTZ	BOARD MEMBER	1.0	Director	$0	$0	$0
JOHN VAN CAMP	BOARD MEMBER	1.0	Director	$0	$0	$0
PAULA COONEY	BOARD MEMBER	1.0	Director	$0	$0	$0
DR ELIZABETH A BURNS	PRESIDENT	60.0	Officer	$143,732	$0	$143,732
DENNIS HOWIE	VP INSTITUTIONAL DEVELOPMENT	60.0	Officer	$122,666	$0	$122,666
DR DENISE MALLET	VP OF ENROLLMENT	60.0	Officer	$122,200	$0	$122,200
DR JACQUELINE EL-SAYED	VP OF ACADEMIC AFFAIRS	60.0	Officer	$131,600	$0	$131,600
LINDA TAYLOR	CONTROLLER - CONTRACTOR	60.0	Officer	$78,000	$0	$78,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$8,331,346	$9,005,001	$10,183,322	$-673,655
2018	$9,878,041	$15,487,313	$12,145,769	$-5,609,272