BAKER COLLEGE PROFESSIONAL SERVICES (EIN 383043861) - 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

1986

Legal Domicile

Principal Officer

JACQELINE SPICER

Phone

9897293437

Tax Period

2023-09-01 to 2024-08-31

BAKER COLLEGE PROFESSIONAL SERVICES, founded in 1986, is a mid-sized nonprofit in the Education sector that reported $48.6M in total revenue in fiscal year 2023. Expenses of $71.3M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE MISSION OF BAKER COLLEGE IS TO PROVIDE AN INCLUSIVE, INNOVATIVE, AND TRANSFORMATIVE EDUCATIONAL EXPERIENCE WHICH ALLOWS STUDENTS TO POSITIVELY IMPACT THEIR LIVES AND THE WORLD AROUND THEM.

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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 $6,898,334

Program Service Revenue $37,867,552

Investment Income $3,524,015

Other Revenue $297,748

TOTAL REVENUE $48,587,649

Expense Breakdown

Grants Paid $6,500,800

Salaries & Benefits $36,539,961

Fundraising Expenses $0

Program Expenses $55,282,722

Other Expenses $28,308,960

TOTAL EXPENSES $71,349,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,587,649	$48,155,515	+0.0%
Expenses	$71,349,721	$72,654,188	0.0%
Net Income	$-22,762,072	$-24,498,673	-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

1004

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

$1,175,852

Total Directors

$545,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE BANNAN	SENIOR ASSOCIATE/TRUSTEE/BOARD OF REGENTS/SECRETAR	47.00	Officer Director	$56,581	$26,946	$83,527
JACQUELINE SPICER	COO	47.00	Officer Director	$390,610	$71,017	$461,627
DAN CASEY	TRUSTEE/BOARD OF REGENTS	8.00	Director	$0	$0	$0
MELANIE DAVIS	TRUSTEE/BOARD OF REGENTS	8.00	Director	$0	$0	$0
SUSAN EBELING	TRUSTEE/BOARD OF REGENTS	8.00	Director	$0	$0	$0
MICHAEL HAMNER	TRUSTEE/BOARD OF REGENTS	8.00	Director	$0	$0	$0
MARY SLINGERLAND	TRUSTEE/BOARD OF REGENTS	8.00	Director	$0	$0	$0
DWANA THOMPSON	BOARD OF REGENTS/TRUSTEE	8.00	Director	$0	$0	$0
ALAN WISE	BOARD OF REGENTS/TRUSTEE	8.00	Director	$0	$0	$0
MICHAEL MOORE	TREASURER/CONTROLLER	47.00	Officer	$147,414	$47,144	$194,558
DANA CLARK	VP HR	40.00	Officer	$171,589	$47,399	$218,988
LINDA KATRINIC	VP - FIN SERV	40.00	Officer	$173,328	$43,824	$217,152
PETER KARSTEN	PRESIDENT - AUBURN HILLS	40.00	Highest	$187,844	$0	$187,844
AARON MAIKE	PRESIDENT - MUSKEGON	40.00	Highest	$204,394	$54,220	$258,614
EILEEN PECORARO	VP - MARKETING	40.00	Highest	$176,270	$27,437	$203,707
SCOTT WOOD	CHIEF INFORMATION OFFICER	40.00	Highest	$157,595	$46,952	$204,547
JAMES ZAMJAHN	VP - STUDENT SUCCESS/ENGAGEMENT	40.00	Highest	$202,864	$50,056	$252,920
BART DAIG	FORMER BOARD OF REGENTS/PRESIDENT CEO/TRUSTEE	0.00		$319,449	$18,012	$337,461
JILL LANGEN	FORMER PRESIDENT-ST FRANCIS/PROVOST/SECRETARY	0.00		$158,667	$22,702	$181,369

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	$48,587,649	$71,349,721	$160,233,748	$-22,762,072
2023	$48,155,515	$72,654,188	$155,510,244	$-24,498,673

BAKER COLLEGE PROFESSIONAL SERVICES