MICHIGAN VIRTUAL UNIVERSITY

EIN: 383414105 501(c)(3) Education

LANSING, MI

Total Revenue
$23,819,473
Total Expenses
$23,167,075
Total Assets
$23,543,081
Net Assets
$21,165,790
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
Principal Officer
JAMEY FITZPATRICK
Phone
5173367733
Tax Period
2024-10-01 to 2025-09-30

MICHIGAN VIRTUAL UNIVERSITY, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $23.8M in total revenue in fiscal year 2024.

Mission

MAXIMIZE LEARNING AND TEACHING BY BRINGING TOGETHER THE BEST IN PEOPLE AND TECHNOLOGY.

Program Service Accomplishments

Program 1
Expenses: $20,220,371 Revenue: $13,116,780

MICHIGAN VIRTUAL IS A NONPROFIT EDUCATIONAL ORGANIZATION THAT IS LEADING INNOVATION TO BUILD LEARNING OPPORTUNITIES FOR TOMORROW. DRIVEN BY STUDENT SUCCESS, WE HAVE A STRONG RECORD OF SUPPORTING...

Read more

MICHIGAN VIRTUAL IS A NONPROFIT EDUCATIONAL ORGANIZATION THAT IS LEADING INNOVATION TO BUILD LEARNING OPPORTUNITIES FOR TOMORROW. DRIVEN BY STUDENT SUCCESS, WE HAVE A STRONG RECORD OF SUPPORTING MICHIGAN EDUCATION THAT SPANS MORE THAN TWO DECADES. WHILE MANY KNOW US FOR OUR RESEARCH-BASED, QUALITY ONLINE LEARNING OPTIONS FOR STUDENTS AND PROFESSIONAL DEVELOPMENT FOR EDUCATORS, WE ALSO DO A GREAT DEAL OF WORK BEHIND THE SCENES TO CONDUCT ORIGINAL RESEARCH, TEST INNOVATIONS IN LEARNING, AND PROVIDE CONSULTING PARTNERSHIPS TO PROMOTE EFFECTIVE PRACTICES. EDUCATION IS CHANGING FASTER THAN EVER. DISCOVER NEW MODELS AND RESOURCES TO MOVE LEARNING FORWARD AT MICHIGANVIRTUAL.ORG.IN 2024-25, MICHIGAN VIRTUAL ACCOMPLISHED THE FOLLOWING:DELIVERED OVER 35,500 STUDENT ENROLLMENTS TO OVER 18,434 STUDENTS IN 260 DIFFERENT ONLINE COURSES.HELPED MICHIGAN EDUCATORS MAINTAIN THEIR CERTIFICATION BY PROVIDING MORE THAN 279,000 COMPLETED STATE CONTINUING EDUCATION CLOCK HOURS (SCECHS).SERVED OVER 363,707 ENROLLMENTS TO MORE THAN 122,000 ADULT LEARNERS ACROSS OVER 250 ONLINE PROFESSIONAL DEVELOPMENT COURSES.MICHIGAN VIRTUAL PARTNERED WITH 27 ORGANIZATIONS TO OFFER PROFESSIONAL LEARNING OPPORTUNITIES THAT ALIGNED TO THEIR MEMBER'S TRAINING NEEDS.RECEIVED A 96% HIGHLY SATISFIED SCORE FROM NEARLY 100,500 PROFESSIONAL LEARNERS WHO COMPLETED OUR END-OF-COURSE SURVEY.STAFF ATTENDED 35 CONFERENCES THROUGHOUT MICHIGAN AND SOME NATIONALLY, PROVIDING 97 SESSIONS OF PROFESSIONAL LEARNING TO K-12 EDUCATIONAL STAKEHOLDERS.COMPLETED THE DESIGN OF THREE INDUSTRY CERTIFICATIONS THAT WERE MADE AVAILABLE TO STUDENTS STARTING WITH THE FALL SEMESTER IN 2025. PUBLISHED 6 RESEARCH REPORTS ON TOPICS REGARDING AI IN EDUCATION AND VIRTUAL LEARNING ENVIRONMENTS. CONTINUED TO OFFER CONSULTING SERVICES FOR K-12 SCHOOLS AND ORGANIZATIONS TO SUPPORT STAKEHOLDERS AS THEY WORK TO DESIGN, IMPLEMENT, AND OPERATIONALIZE INNOVATIVE DELIVERY MODELS.CONTINUED A PARTNERSHIP WITH THE FUTURE OF LEARNING COUNCIL AND PROVIDED ADMINISTRATIVE SUPPORT AND MEETING SPACE TO FACILITATE THEIR WORK.REVIEWED AND SUPPORTED 1,300 IEP PLANS FOR SPECIAL EDUCATION STUDENTS. REVIEWED AND SUPPORTED 2,300 STUDENT 504 PLANS IDENTIFIED BY SCHOOL PARTNERS. PROCESSED 11,850 CUSTOMER CALLS, CLOSED 12,472 CUSTOMER TICKETS, AND MAINTAINED A 92% SATISFACTION RATING THROUGH OUR CUSTOMER CARE CENTER.THE ARTIFICIAL INTELLIGENCE (AI) LAB EXPANDED THE LEADERSHIP ROLE OF THE INSTITUTE TO INCLUDE INVESTIGATING THE INSTRUCTIONAL, POLICY, ETHICAL, AND LEGAL ASPECTS CONNECTED TO THE USE OF AI IN PUBLIC SCHOOLS, AND CREATING RESOURCES, TRAININGS, AND SCHOOL PARTNERSHIPS TO HELP BUILD AWARENESS ABOUT THE INCREASINGLY DISRUPTIVE TECHNOLOGY OF AI AND HELP DISTRICTS PLAN AND PREPARE FOR THE FUTURE. OVER 525 AI TRAININGS FOR 18,000+ PARTICIPANTS TOTALING OVER 34,000 HOURS WERE PROVIDED TO SCHOOL DISTRICTS THIS FISCAL YEAR. THIS INCLUDED HOSTING THE THIRD ANNUAL AI SUMMIT FOR MORE THAN 500 MICHIGAN EDUCATORS.THE AI LAB CONTINUED THE AI STATEWIDE WORKGROUP, WHICH INCLUDES 19 OF THE LEADING EDUCATIONAL ORGANIZATIONS AND HAS EVOLVED INTO FIVE SUBGROUPS THAT INCLUDE LEADERSHIP FROM LEAS AND ISDS ACROSS THE STATE TO CONTINUE THE WORK OF THOUGHTFUL AI INTEGRATION IN K-12 SCHOOLS.ORGANIZED A TRIP TO THE 2025 ASU+GSV SUMMIT, ONE OF THE MOST IMPACTFUL CONVENINGS OF LEADERS IN EDUCATION AND WORKFORCE DEVELOPMENT, FOR NEARLY 40 MICHIGAN SUPERINTENDENTS AND THEIR LEADERSHIP TEAMS.CONTINUED PARTNERSHIP WITH MIREGISTRY, AN ORGANIZATION THAT SUPPORTS PROFESSIONALS WHO RUN DAYCARE CENTERS, AFTER-SCHOOL PROGRAMS, AND EARLY CHILDHOOD PROGRAMS, TO PROVIDE AN ONLINE LEARNING OPTION FOR STATE CERTIFICATION. CREATED THE INNOVATION DESIGN STUDIO AT MICHIGAN VIRTUAL TO SERVE AS A MODEL FOR MODERN LEARNING ENVIRONMENTS, INTEGRATING TECHNOLOGY, FLEXIBLE DESIGN, AND INTERACTIVE TRAINING. IT WILL OFFER PROGRAMS THAT BUILD DISTRICT CAPACITY, INFORM LOCAL DECISIONS ON INSTRUCTIONAL DESIGN, AND SHOWCASE MICHIGAN VIRTUAL'S LEADERSHIP IN SHAPING THE FUTURE OF EDUCATION ACROSS THE STATE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,321,000
Program Service Revenue $13,094,695
Investment Income $381,693
Other Revenue $22,085
TOTAL REVENUE $23,819,473

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,303,093
Fundraising Expenses $0
Program Expenses $20,220,371
Other Expenses $6,863,982
TOTAL EXPENSES $23,167,075

Year-over-Year Comparison

2024 2023 Change
Revenue $23,819,473 $24,023,500 0.0%
Expenses $23,167,075 $22,592,016 +0.0%
Net Income $652,398 $1,431,484 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
395
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
7
$632,017
Total Directors
16
$285,813
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMEY FITZPATRICK PRESIDENT & CEO 40.00
Officer Director
$241,896 $43,917 $285,813
BRANDY JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN SEVERSON DIRECTOR 1.00
Director
$0 $0 $0
TIFFANY TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
WENDY ZDEB DIRECTOR 1.00
Director
$0 $0 $0
CHANDRA MADAFFERI DIRECTOR 1.00
Director
$0 $0 $0
DAN KIBLAWI DIRECTOR 1.00
Director
$0 $0 $0
PRENTISS M BROWN DIRECTOR 1.00
Director
$0 $0 $0
ROSSI RAY-TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL RICE DIRECTOR 1.00
Director
$0 $0 $0
JEFF WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
BRENDAN GUENTHER DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE TEASLEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
DARRELL BURKS SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
AMANDA WAGENSCHUTZ CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN BRODERICK AUDIT COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
JOSEPH R FREIDHOFF VICE PRESIDENT 40.00
Officer
$183,559 $39,555 $223,114
SARAH COOK CHIEF FINANCIAL OFFICER 30.00
Officer
$113,209 $9,881 $123,090
RAYMOND BATT VP OF BUSINESS STRATEGY 40.00
Highest
$198,506 $35,638 $234,144
CHRISTOPHER HARRINGTON SENIOR DIRECTOR OF OF INNO 40.00
Highest
$124,103 $34,567 $158,670
ALICIA GANAWAY SENIOR DIRECTOR OF HUMAN R 40.00
Highest
$121,308 $34,563 $155,871
KENNETH DIRKIN SENIOR DIRECTOR OF MVLRI 40.00
Highest
$131,239 $12,907 $144,146
SCOTT WATKINS SENIOR DIR. OF BUSINESS STRATEGY 40.00
Highest
$116,187 $32,904 $149,091
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
2025 $23,819,473 $23,167,075 $23,543,081 $652,398
2024 $24,023,500 $22,592,016 $22,107,671 $1,431,484
2023 $21,729,814 $21,774,949 $20,563,781 $-45,135
2022 $24,041,661 $23,507,279 $20,118,001 $534,382
2021 $28,269,387 $22,092,238 $20,049,225 $6,177,149
2020 $18,761,383 $17,691,004 $15,810,047 $1,070,379
2019 $17,241,470 $16,207,578 $11,858,443 $1,033,892
2018 $17,839,655 $18,617,798 $11,202,808 $-778,143
Explore More Nonprofits
Top 100 Nonprofits in Michigan Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MICHIGAN VIRTUAL UNIVERSITY with other nonprofits in Michigan and across the country.