Michigan Independent Colleges and Universities (EIN 381847067) - 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

1967

Legal Domicile

Principal Officer

Robert LeFevre

Phone

5173729160

Tax Period

2024-07-01 to 2025-06-30

Michigan Independent Colleges and Universities, founded in 1967, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024.

Mission

To promote the wellbeing of the private institutions of higher education in Michigan.

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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 $0

Program Service Revenue $1,151,906

Investment Income $28,042

Other Revenue $170,000

TOTAL REVENUE $1,349,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,097,872

Fundraising Expenses $0

Other Expenses $331,384

TOTAL EXPENSES $1,429,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,349,948	$1,305,952	+0.0%
Expenses	$1,429,256	$1,391,789	+0.0%
Net Income	$-79,308	$-85,837	-0.1%

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

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

$556,761

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Docking	Member	0.50	Director	$0	$0	$0
Wayne Webster	Member	0.50	Director	$0	$0	$0
Joe Odenwald	Member	0.50	Director	$0	$0	$0
John Wesley Taylor	Member	0.50	Director	$0	$0	$0
Maureen Geary	Member	0.50	Director	$0	$0	$0
Jacqui Spicer	Member	0.50	Director	$0	$0	$0
Greg Elzinga	Member	0.50	Director	$0	$0	$0
Donald Tuski	Member	0.50	Director	$0	$0	$0
Gerson Moreno-Riano	Member	0.50	Director	$0	$0	$0
Richard Pappas	Member	0.50	Director	$0	$0	$0
Donald Taylor	Member	0.50	Director	$0	$0	$0
Frank Weller	Member	0.50	Director	$0	$0	$0
Matthew Scogin	Vice Chair	1.00	Officer Director	$0	$0	$0
Jorge Gonzalez	Chair	1.00	Officer Director	$0	$0	$0
Robert McMahan	Member	0.50	Director	$0	$0	$0
Tarek Sobh	Member	0.50	Director	$0	$0	$0
Christopher Dougherty	Member	0.50	Director	$0	$0	$0
Kent MacDonald	Member	0.50	Director	$0	$0	$0
Steven Corey	Past Chair	0.50	Officer Director	$0	$0	$0
Reggies Wenyika	Member	0.50	Director	$0	$0	$0
Douglas Palmer	Member	0.50	Director	$0	$0	$0
Brent Ellis	Member	0.50	Director	$0	$0	$0
Suzy Siegle	Member	0.50	Director	$0	$0	$0
Brian Stogner Ended	Teasurer	1.00	Director	$0	$0	$0
Alicia Cordoba Ended	Member	0.50	Director	$0	$0	$0
Wiebe Boer Ended	Member	0.50	Director	$0	$0	$0
Alan Drimmer Ended	Member	0.50	Director	$0	$0	$0
Ryan Peterson Ended	Member	0.50	Director	$0	$0	$0
Timothy Pinnow Ended	Member	0.50	Director	$0	$0	$0
Shannon Dunivon Ended	Member	0.50	Director	$0	$0	$0
Robert LeFevre	President	50.00	Officer	$409,110	$147,651	$556,761
Colby Cesaro	Vice President	40.00	Highest	$166,485	$49,672	$216,157
Rhonda Roorda	Fund Administrator	40.00	Highest	$100,925	$22,852	$123,777

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	$1,349,948	$1,429,256	$1,371,341	$-79,308
2024	$1,305,952	$1,391,789	$1,333,529	$-85,837
2023	$1,315,732	$1,351,626	$1,218,952	$-35,894
2022	$1,266,946	$1,224,089	$899,949	$42,857
2021	$1,192,454	$1,218,704	$1,044,614	$-26,250
2020	$1,223,645	$1,227,088	$1,119,573	$-3,443
2019	$1,209,084	$1,229,777	$1,146,776	$-20,693

Michigan Independent Colleges and Universities