LEWIS COLLEGE OF BUSINESS

EIN: 382048961 501(c)(3) Education

DETROIT, MI

Total Revenue
$12,709,997
Total Expenses
$2,213,143
Total Assets
$12,286,946
Net Assets
$10,496,854
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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
1907
Legal Domicile
MI
Principal Officer
D'WAYNE EDWARDS
Phone
3135362400
Tax Period
2023-01-01 to 2023-12-31

LEWIS COLLEGE OF BUSINESS, founded in 1907, is a mid-sized nonprofit in the Education sector that reported $12.7M in total revenue in fiscal year 2023. The organization ran a surplus of $10.5M, a strong 83% operating margin.

Mission

THE MISSION OF LEWIS COLLEGE OF BUSINESS ("LCB") IS TO ACTIVATE THE CREATIVE ABILITY IN EVERY STUDENT IN THE WORLD. LCB DOES THAT BY SHARING A LIGHT IN THE HIDDEN GEMS AND FIGURES, AS WELL AS THE OPPORTUNITIES THE WORLD OF LEARNING OFFERS. LCB PROVIDES ACCESS TO CAREER EDUCATION AND PROFESSIONAL DEVELOPMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,709,196
Program Service Revenue $0
Investment Income $801
Other Revenue $0
TOTAL REVENUE $12,709,997

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,146,925
Fundraising Expenses $145,884
Program Expenses $1,394,691
Other Expenses $1,066,218
TOTAL EXPENSES $2,213,143

Year-over-Year Comparison

2023 2022 Change
Revenue $12,709,997 N/A N/A
Expenses $2,213,143 N/A N/A
Net Income $10,496,854 N/A N/A
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

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Governance

Voting Members
7
Independent Members
6
Employees
16
Volunteers
15

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
3
$144,092
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR VIOLET PONDERS CHAIR 1.00
Officer Director
$0 $0 $0
DR MAKEEBA MCCREARY TREASURER 1.00
Officer Director
$0 $0 $0
ADAM ALLARD DIRECTOR 0.50
Director
$0 $0 $0
RONALD BROWN DIRECTOR 0.50
Director
$0 $0 $0
MONICA HAWKINS DIRECTOR 0.50
Director
$0 $0 $0
JAMES WHITNER DIRECTOR 0.50
Director
$0 $0 $0
D'WAYNE L EDWARDS PRESIDENT 40.00
Officer
$131,000 $13,092 $144,092
SAMUEL I RYAN CHAIR OF APPAREL AND ACCESSORIES 40.00
Highest
$142,729 $4,364 $147,093
SUZETTE T HENRY CHAIR OF COLOR AND MATERIALS LAB 40.00
Highest
$109,349 $4,364 $113,713
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 No data No data No data No data
2023 $12,709,997 $2,213,143 $12,286,946 $10,496,854
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