LAWRENCE TECHNOLOGICAL UNIVERSITY (EIN 381369604) - Form 990 Financial Analysis & Trantor Score

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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

1932

Legal Domicile

Principal Officer

GRANT WENZINGER

Phone

2482044000

Tax Period

2024-07-01 to 2025-06-30

LAWRENCE TECHNOLOGICAL UNIVERSITY, founded in 1932, is a mid-sized nonprofit in the Education sector that reported $91.5M in total revenue in fiscal year 2024. Expenses of $102.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

A higher educational University by its mission to develop leaders through innovative and agile programs embracing theory and practice. The University's Vision is to be a preeminent private university producing leaders with an entrepreneurial spirit and global view.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,141,770

Program Service Revenue $70,930,134

Investment Income $3,180,860

Other Revenue $-715,133

TOTAL REVENUE $91,537,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,063,016

Fundraising Expenses $7,916,518

Program Expenses $74,185,630

Other Expenses $48,238,299

TOTAL EXPENSES $102,301,315

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,537,631	$92,157,650	0.0%
Expenses	$102,301,315	$93,982,611	+0.1%
Net Income	$-10,763,684	$-1,824,961	+4.9%

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

1514

Volunteers

N/A

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

$1,066,866

Total Directors

$791,903

Key Employees

$3,355,126

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAREK SOBH	PRESIDENT	40	Officer Director Key Emp Highest	$791,903	$0	$791,903
Nabil Grace	VICE PRESIDENT OF RESEARCH AND SCHOLARSHIPS	40	Key Emp Highest	$430,631	$0	$430,631
DANIEL RADOMSKI	EXECUTIVE DIRECTOR OF ACCELERATOR	40	Highest	$398,190	$0	$398,190
RICHARD HEIST	PROVOST	40	Key Emp Highest	$295,720	$0	$295,720
PEDRO GUILLEN GOMEZ	VP ACCELERATOR	40	Highest	$287,437	$0	$287,437
Linda Height	Chief Financial Officer	40	Officer Key Emp	$274,963	$0	$274,963
Lisa Kujawa	VP OF ENROLLMENT MGT	40	Key Emp	$251,001	$0	$251,001
KARL DAUBMANN	Dean of Architecture	40	Key Emp	$239,589	$0	$239,589
MAJ DEAN MIRMIRANI	Dean of Engineering	40	Key Emp	$236,660	$0	$236,660
KEVIN FINN	VP OF PHILANTHROPY	40	Key Emp	$224,666	$0	$224,666
MARY SCHUTTEN	DEAN OF HEALTH SCIENCES	40	Key Emp	$221,320	$0	$221,320
PATRICK NELSON	DEAN OF ARTS AND SCIENCES	40	Key Emp	$216,320	$0	$216,320
MATTHEW COLE	Dean of College of Management	40	Key Emp	$172,353	$0	$172,353
Victor A Saroki	Board Chairman	5	Officer Director	$0	$0	$0
Raymond Khan	Board Member	1	Director	$0	$0	$0
David B Wohleen	Board Member	1	Director	$0	$0	$0
Douglas E Ebert	Board Member	1	Director	$0	$0	$0
Larry D Lyons	Board member	1	Director	$0	$0	$0
Mitchell Clauw	Board Member	1	Director	$0	$0	$0
Daniel W Winey	Board Member	1	Director	$0	$0	$0
DAVID NICHOLSON	BOARD MEMBER	2	Director	$0	$0	$0
DR DONNA BELL	BOARD MEMBER	1	Director	$0	$0	$0
JEFF LEMMER	BOARD MEMBER	1	Director	$0	$0	$0
Beverly Hannah-Jones	Board Member	1	Director	$0	$0	$0
MARTIN MANNA	BOARD MEMBER	1	Director	$0	$0	$0
NIKI KENNEDY MD	BOARD MEMBER	1	Director	$0	$0	$0
JOHN DONLEY	BOARD MEMBER	1	Director	$0	$0	$0
ELIZABETH KREAR	BOARD MEMBER	1	Director	$0	$0	$0
KIRK STEUDLE	BOARD MEMBER	1	Director	$0	$0	$0
RENEE TOMINA	BOARD MEMBER	1	Director	$0	$0	$0
ADNAN R MUNKARAH MD	BOARD MEMBER	1	Director	$0	$0	$0

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
2025	$91,537,631	$102,301,315	$204,901,725	$-10,763,684
2024	$92,157,650	$93,982,611	$211,692,673	$-1,824,961
2023	$81,742,284	$86,222,584	$205,364,493	$-4,480,300
2022	$77,203,633	$78,988,180	$206,424,495	$-1,784,547
2021	$73,258,942	$71,085,902	$221,146,506	$2,173,040
2020	$70,839,863	$71,386,597	$213,033,011	$-546,734
2019	$66,465,628	$70,438,008	$214,719,220	$-3,972,380
2018	$64,789,955	$67,554,845	$212,826,385	$-2,764,890

LAWRENCE TECHNOLOGICAL UNIVERSITY