Southfield, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
To develop leaders through innovative and agile programs embracing theory and practice.
Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 4,126 students and 817 received degrees. This activity contributes importantly to the University's purpose by...
Higher Education : Associates, Baccalaureate, Graduate Program Services were provided to 4,126 students and 817 received degrees. This activity contributes importantly to the University's purpose by providing funding for educational services at less than the aggregate costs of these services. This is the exempt purpose of the University.
Higher Education : Campus apartments, residences, and residential services were provided for 977 students primarily in housing. These activities are important components for the University's primary...
Higher Education : Campus apartments, residences, and residential services were provided for 977 students primarily in housing. These activities are important components for the University's primary exempt purpose of providing educational services. These activities include housing, cafeteria services, bookstore services, and other related services deemed necessary for the students.
Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 3,108 students. These...
Higher Education : Student Activities - Academic associations, student government, recreational and athletic programs. Participation in various associations were used by 3,108 students. These activities are important components for the University's primary exempt purposes of providing educational services. These activities include library, copier, transcripts, fines and other various services.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare LAWRENCE TECHNOLOGICAL UNIVERSITY with other nonprofits in Michigan and across the country.