GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DAVENPORT UNIVERSITY, founded in 1970, is a major nonprofit in the Education sector that reported $125.9M in total revenue in fiscal year 2024.
POST-SECONDARY EDUCATIONAL INSTITUTION PREPARING STUDENTS FOR CAREERS IN BUSINESS, HEALTH, AND TECHNOLOGY. QUALITY, CAREER-ORIENTED ACADEMIC PROGRAMS ARE OFFERED THROUGHOUT THE MAIN CAMPUS IN GRAND RAPIDS AND OTHER CAMPUSES THROUGHOUT MICHIGAN.
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 | $125,921,834 | $119,108,531 | +0.1% |
| Expenses | $128,282,948 | $123,249,705 | +0.0% |
| Net Income | $-2,361,114 | $-4,141,174 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| RICHARD PAPPAS | PRESIDENT | 40.00 |
Officer
Director
|
$575,108 | $225,875 | $800,983 |
| PAULA CUNNINGHAM | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE VANDYKE | VICE-CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY CHANG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RAMI FAWAZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DOYLE HAYES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH KLINGENBERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ILEANA MCALARY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RACHEL MRAZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KENT RIDDLE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK STIERS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY ANDERSON | TREAS/SEC/EVP FOR FINANCE AND CFO | 40.00 |
Officer
|
$300,200 | $83,006 | $383,206 |
| WALTER O'NEILL | EVP FOR ENROLLMENT AND STUDENT SERVICES | 40.00 |
Key Emp
|
$247,800 | $141,714 | $389,514 |
| GILDA GELY | EVP FOR ACADEMICS AND PROVOST | 40.00 |
Key Emp
|
$285,675 | $82,592 | $368,267 |
| SCOTT EPSTEIN | EVP FOR QUALITY AND EFFECTIVENESS | 40.00 |
Highest
|
$274,179 | $137,138 | $411,317 |
| RACHEL RENDER | EVP FOR ADVANCEMENT | 40.00 |
Highest
|
$258,839 | $106,731 | $365,570 |
| DEBRA COOPER | EVP FOR MARKETING AND COMMUNICATIONS | 40.00 |
Highest
|
$243,984 | $96,727 | $340,711 |
| GERALD NYAMBANE | DEAN, COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF | 40.00 |
Highest
|
$203,892 | $58,464 | $262,356 |
| AMY MANSFIELD | DEAN - MAINE COLLEGE OF BUSINESS/COLLEGE OF TECH | 40.00 |
Highest
|
$203,681 | $31,119 | $234,800 |
| DAVID VENEKLASE | FORMER INTERIM TREAS/SEC/EVP FINANCE AND CFO | 0.00 |
|
$1,089,454 | $0 | $1,089,454 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $125,921,834 | $128,282,948 | $140,638,059 | $-2,361,114 |
| 2024 | $119,108,531 | $123,249,705 | $144,141,892 | $-4,141,174 |
| 2023 | $118,629,455 | $130,334,641 | $155,806,618 | $-11,705,186 |
| 2022 | $130,003,886 | $129,091,637 | $149,447,617 | $912,249 |
| 2021 | $124,104,326 | $125,128,324 | $158,159,114 | $-1,023,998 |
| 2020 | $124,297,291 | $125,977,060 | $160,096,833 | $-1,679,769 |
| 2019 | $122,549,508 | $125,191,658 | $165,525,534 | $-2,642,150 |
| 2018 | $122,238,166 | $126,150,190 | $171,834,577 | $-3,912,024 |
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