LANSING, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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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 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.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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