DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
LCB SEES A WORLD IN WHICH EVERYBODY IS A STUDENT. DRIVEN BY A PASSION FOR EDUCATION AND AN INSTINCT FOR INGENUITY, LCB AIMS TO REMOVE THE LIMITS OF THE CLASSROOM FOR EVERY STUDENT IN THE WORLD AND MAKE LEARNING A DAILY PRACTICE. LCB ENVISIONS A FUTURE WHERE EDUCATION AND OPPORTUNITIES ARE ACCESSIBLE TO ANYONE WHO PREPARES FOR IT. LCB SEES ITSELF AS THE ANSWER TO THE QUESTION, WHAT HAPPENS WHEN PREPARATION MEETS ADVERSITY.
LCB'S MAIN SERVICE IS PROVIDING EDUCATION PROGRAMS CALLED MASTERCLASSES IN PARTNERSHIP WITH CORPORATIONS IN THE PRODUCT CREATION INDUSTRY. THESE MASTERCLASSES RANGED FROM THREE TO FIVE WEEKS, WHERE...
LCB'S MAIN SERVICE IS PROVIDING EDUCATION PROGRAMS CALLED MASTERCLASSES IN PARTNERSHIP WITH CORPORATIONS IN THE PRODUCT CREATION INDUSTRY. THESE MASTERCLASSES RANGED FROM THREE TO FIVE WEEKS, WHERE STUDENTS ARE SELECTED FROM GLOBAL OUTREACH TO ASPIRING DESIGNERS THAT HAVE AN INTEREST IN SPECIFIC CAREERS SUCH AS FOOTWEAR DESIGN, APPAREL DESIGN, ACCESSORIES DESIGN, MATERIAL DESIGN, COLOR DESIGN, GRAPHIC DESIGN, AND INTERIOR DESIGN. IN PARTNERSHIP WITH LCB'S CORPORATE PARTNERS, SUCH AS NIKE, CONVERSE, ADIDAS, NEW BALANCE, MICHAEL KORS, JIMMY CHOO, VERSACE (CAPRI HOLDINGS), TIMBERLAND, VANS, THE NORTH FACE (VF CORP.), PEPSICO, AND FOOT LOCKER, LCB CO-CREATES A CURRICULUM FOR SPONSORED PROGRAMS, WITH THE GOAL OF CREATING A TALENT PIPELINE INTO THE INDUSTRY. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.AT THE END OF EVERY PROGRAM, STUDENTS RECEIVE A CERTIFICATE OF COMPLETION, AND TOP STUDENTS ARE OFFERED A THREE-MONTH TO ONE-YEAR PAID INTERNSHIP OPPORTUNITY WITH THE SPONSORED BRAND. LCB CONDUCTED SIX MASTERCLASSES THAT SERVED OVER 120 STUDENTS, WITH OVER 30 STUDENTS RECEIVING AN INTERNSHIP OR FULL-TIME POSITION IN A CORPORATE PARTNER ORGANIZATION.
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)| 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 |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare LEWIS COLLEGE OF BUSINESS with other nonprofits in Michigan and across the country.