THOMAS M COOLEY LAW SCHOOL (EIN 381988915) - 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

1972

Legal Domicile

Principal Officer

JAMES MCGRATH

Phone

5173715140

Tax Period

2023-09-01 to 2024-08-31

THOMAS M COOLEY LAW SCHOOL, founded in 1972, is a mid-sized nonprofit in the Education sector that reported $33.1M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum.

Mission

PREPARE GRADUATES FOR THE LEGAL PROFESSION WITH PRACTICAL LEGAL EDUCATION AS ITS GUIDING PRINCIPLE AND FOCUS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,044,661

Program Service Revenue $19,958,230

Investment Income $11,768,011

Other Revenue $359,196

TOTAL REVENUE $33,130,098

Expense Breakdown

Grants Paid $3,267,543

Salaries & Benefits $15,272,908

Fundraising Expenses $178,864

Program Expenses $27,642,496

Other Expenses $14,165,438

TOTAL EXPENSES $32,728,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,130,098	$23,596,124	+0.4%
Expenses	$32,728,889	$35,773,155	-0.1%
Net Income	$401,209	$-12,177,031	-1.0%

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

331

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

$744,723

Total Directors

$11,000

Key Employees

$1,040,763

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON LOUISE ALDERSON	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
MUSTAFA AMEEN	BOARD MEMBER/ADJUNCT PROFESSOR	6.00	Director	$11,000	$0	$11,000
AARON BURRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA CORL	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS CRANMER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN DUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
HON MICHAEL HATTY	BOARD MEMBER	1.00	Director	$0	$0	$0
HON JANE MARKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE NOLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
HON BART STUPAK	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN SUTTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MITCHELL ZAJAC	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MCGRATH	PRESIDENT & DEAN	60.00	Officer	$385,294	$51,350	$436,644
KATHLEEN CONKLIN	TREASURER/SR VP OF OPS & FINANCE	50.00	Officer	$175,153	$34,804	$209,957
WILLIAM ARNOLD	SEC./DIR. OF ADVANCEMENT	40.00	Officer	$90,816	$7,306	$98,122
TONYA KRAUSE-PHELAN	ASSOCIATE DEAN & TENURED PROFESSOR	50.00	Key Emp	$180,407	$38,338	$218,745
DUANE STROJNY	ASSOCIATE DEAN & TENURED PROFESSOR	40.00	Key Emp	$159,923	$39,110	$199,033
TRACEY BRAME	ASSOCIATE DEAN & TENURED PROFESSOR	50.00	Key Emp	$175,153	$37,909	$213,062
PAUL ZELENSKI	SR VP & ASSOC DEAN OF ENROLLMENT	50.00	Key Emp	$181,890	$35,478	$217,368
AMY TIMMER	ASSOCIATE DEAN & TENURED PROFESSOR	40.00	Key Emp	$175,153	$17,402	$192,555
MICHAEL MOLITOR	TENURED PROF., ACTING LEGAL COUNSEL	40.00	Highest	$178,190	$37,811	$216,001
DUSTIN FOSTER	TENURED PROFESSOR	50.00	Highest	$175,699	$38,846	$214,545
MONICA NUCKOLLS	TENURED PROFESSOR	55.00	Highest	$172,540	$37,118	$209,658
TAMMY ASHER	TENURED PROFESSOR	50.00	Highest	$171,290	$33,298	$204,588
MICHAEL MCDANIEL	TENURED PROFESSOR	40.00	Highest	$159,924	$32,563	$192,487

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
2024	$33,130,098	$32,728,889	$72,684,052	$401,209
2023	$23,596,124	$35,773,155	$112,497,648	$-12,177,031
2022	$26,580,127	$39,621,889	$124,949,343	$-13,041,762
2021	$35,841,498	$50,644,978	$152,371,660	$-14,803,480
2020	$56,444,862	$59,601,969	$171,775,668	$-3,157,107
2019	$61,498,536	$59,586,535	$182,993,201	$1,912,001
2018	$58,325,317	$58,589,700	$194,509,014	$-264,383

THOMAS M COOLEY LAW SCHOOL