THE INTER-COOPERATIVE COUNCIL AT THE UNIVERSITY OF MICHIGAN

EIN: 381381476 501(c)(3)

ANN ARBOR, MI

Total Revenue
$4,453,270
Total Expenses
$4,483,252
Total Assets
$9,996,589
Net Assets
$4,668,688
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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
MI
Principal Officer
BRIAN DONOVAN
Phone
7346624414
Tax Period
2024-05-01 to 2025-04-30

THE INTER-COOPERATIVE COUNCIL AT THE UNIVERSITY OF MICHIGAN, founded in 1944, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROMOTE THE SOCIAL AND GENERAL WELFARE OF THE COMMUNITY BY OFFERING LOW-RENT HOUSING TO ALL UNIVERSITY STUDENTS, REGARDLESS OF RACE, CREED, COLOR OR NATIONAL ORIGIN, AND THUS INFLUENCE THE COMMUNITY TO ELIMINATE PREJUDICE AND DISCRIMINATION IN HOUSING; TO ADVANCE THE CAUSE OF EDUCATION BY PROVIDING INEXPENSIVE BOARD AND LODGING FOR UNIVERSITY STUDENTS WITH LIMITED RESOURCES, SO THAT THOSE WHO MIGHT NOT OTHERWISE BE ABLE TO CONTINUE AT THE UNIVERSITY BECAUSE OF ECONOMIC NEED MAY ENJOY THE FRUITS AND THE BENEFITS OF HIGHER EDUCATION; TO RELIEVE THE GOVERNMENT OF THE STATE OF MICHIGAN FROM THE BURDEN OF BUILDING AND OPERATING STATE-OWNED DORMITORIES BY CREATING HOUSING FACILITIES FOR STUDENTS AT LOW COST ON A COOPERATIVE BASIS, AND TO CONTINUALLY EXPAND AND EXTEND THOSE FACILITIES IN THE COMMUNITY INTEREST; AND TO INITIATE, COORDINATE, DIRECT AND OTHERWISE PARTICIPATE IN EDUCATIONAL EFFORTS AND PROGRAMS FOR THE EDUCATION OF OUR MEMBERS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,756
Program Service Revenue $4,303,456
Investment Income $118,787
Other Revenue $25,271
TOTAL REVENUE $4,453,270

Expense Breakdown

Grants Paid $206,227
Salaries & Benefits $1,232,843
Fundraising Expenses $0
Program Expenses $3,802,155
Other Expenses $3,044,182
TOTAL EXPENSES $4,483,252

Year-over-Year Comparison

2024 2023 Change
Revenue $4,453,270 $4,867,463 -0.1%
Expenses $4,483,252 $4,374,433 +0.0%
Net Income $-29,982 $493,030 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
38
Independent Members
38
Employees
25
Volunteers
550

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
10
$122,633
Total Directors
47
$122,633
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN DONOVAN GENERAL MANAGER 40.00
Officer Director
$97,831 $24,802 $122,633
BRYAN PAGAN PRESIDENT 20.00
Officer Director
$0 $0 $0
JOSHUA SHEATS VICE PRESIDENT OF FINANCE 20.00
Officer Director
$0 $0 $0
JORJA WEGRYN-JONES VICE PRESIDENT OF DIVERSITY & JUSTICE 20.00
Officer Director
$0 $0 $0
PORTER MALCOLM VICE PRESIDENT OF EDUCATION 20.00
Officer Director
$0 $0 $0
BROOKE HUDSON VICE PRESIDENT OF FACILITIES 20.00
Officer Director
$0 $0 $0
CATHERINE TAPPAN VP OF OPERATIONS (THRU AUGUST) 20.00
Officer Director
$0 $0 $0
VIVIAN BRANHAM VICE PRESIDENT OF OPERATIONS 20.00
Officer Director
$0 $0 $0
RUTHY LYNCH VP OF MARKETING (THRU AUGUST) 20.00
Officer Director
$0 $0 $0
JADE WHITTAKER-MITTS VICE PRESIDENT OF MARKETING 20.00
Officer Director
$0 $0 $0
KYLE LACHANCE DIRECTOR 4.00
Director
$0 $0 $0
ROHAN ABERNATHY-WEE DIRECTOR 4.00
Director
$0 $0 $0
BEN ROSE DIRECTOR 4.00
Director
$0 $0 $0
JOSHUA LYNCH DIRECTOR 4.00
Director
$0 $0 $0
SAMUEL FANG DIRECTOR (THRU APRIL) 4.00
Director
$0 $0 $0
JESSE SLATER DIRECTOR 4.00
Director
$0 $0 $0
MAXIM SHARIPOV DIRECTOR (THRU AUGUST) 4.00
Director
$0 $0 $0
CERES CONRAD DIRECTOR (THRU AUGUST) 4.00
Director
$0 $0 $0
VICTO HUNGERMAN DIRECTOR 4.00
Director
$0 $0 $0
SAM CHAUHAN DIRECTOR 4.00
Director
$0 $0 $0
YUMNA DAGHER DIRECTOR 4.00
Director
$0 $0 $0
JEREMY RITZ DIRECTOR 4.00
Director
$0 $0 $0
MARCO GARCIA DIRECTOR 4.00
Director
$0 $0 $0
SHANNON ARMSTRONG DIRECTOR 4.00
Director
$0 $0 $0
JARED KATZMAN DIRECTOR (THRU AUGUST) 4.00
Director
$0 $0 $0
ALEX CHRISTIAN DIRECTOR 4.00
Director
$0 $0 $0
JASMINE GABRIEL-MENEGAY DIRECTOR 4.00
Director
$0 $0 $0
EMMA HIGBEE DIRECTOR 4.00
Director
$0 $0 $0
SHAY ZHANG DIRECTOR 4.00
Director
$0 $0 $0
MADELYN CHAU DIRECTOR 4.00
Director
$0 $0 $0
ALAINA WRIGHT DIRECTOR 4.00
Director
$0 $0 $0
LILLY BARBER DIRECTOR 4.00
Director
$0 $0 $0
MATEO DIAZ DIRECTOR 4.00
Director
$0 $0 $0
JACK HANDZEL DIRECTOR 4.00
Director
$0 $0 $0
CHARLES SWAN DIRECTOR 4.00
Director
$0 $0 $0
ELEANOR BARRETT DIRECTOR 4.00
Director
$0 $0 $0
JOSEPH REA DIRECTOR 4.00
Director
$0 $0 $0
JACOB TRYGSTAD DIRECTOR 4.00
Director
$0 $0 $0
MARY HOSKINS DIRECTOR (THRU SEPTEMBER) 4.00
Director
$0 $0 $0
GEORGE KRIPPNER DIRECTOR 4.00
Director
$0 $0 $0
IAN SANDLER-BOWEN DIRECTOR 4.00
Director
$0 $0 $0
ABIOLA OLADIPO DIRECTOR 4.00
Director
$0 $0 $0
GRACE SIELINSKI DIRECTOR 4.00
Director
$0 $0 $0
ORPHEUS BARTLESON DIRECTOR 4.00
Director
$0 $0 $0
KYLE ANDERSON DIRECTOR 4.00
Director
$0 $0 $0
JONATHAN MENG DIRECTOR 4.00
Director
$0 $0 $0
GENIVIEVE RIVET DIRECTOR (THRU AUGUST) 4.00
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 $4,453,270 $4,483,252 $9,996,589 $-29,982
2024 $4,867,463 $4,374,433 $9,959,483 $493,030
2023 $4,619,128 $4,508,002 $9,519,487 $111,126
2022 $3,478,855 $3,648,184 $7,729,338 $-169,329
2021 $3,194,348 $3,488,958 $7,959,542 $-294,610
2020 $3,559,304 $3,539,179 $6,902,693 $20,125
2019 $3,555,189 $3,555,657 $6,681,918 $-468
2018 $3,580,459 $3,419,774 $6,622,909 $160,685
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