DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MARYGROVE CONSERVANCY, founded in 2017, is a community nonprofit in the Education sector that reported $9.8M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $9.2M left a modest 6% surplus.
TO RECEIVE AND ADMINISTER FUNDS AND PROPERTY AND TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES, AS WELL AS TO PRESERVE THE LEGACY OF MARYGROVE COLLEGE THROUGH THE ADVANCEMENT OF EDUCATIONAL OPPORTUNITIES FOR CHILDREN AND FAMILIES, PARTICULARLY WITHIN THE LIVERNOIS AND MCNICHOLS CORRIDORS OF DETROIT, MICHIGAN, BY PROVIDING SPACE, INFRASTRUCTURE, AND OTHER ASSISTANCE TO SUPPORT INTEGRATED P-20 EDUCATION MODELS THAT PROVIDE COMPREHENSIVE SUPPORT FROM PRE-NATAL THROUGH COLLEGE TO CAREER AND OTHER COMMUNITY-BASED ACTIVITIES AND PROGRAMMING.
OPERATION OF PROPERTY, INCLUDING THE LIBERAL ARTS BUILDING, THE MADAME CADILLAC BUILDING, THE FLORENT GILLET HALL BUILDING, THE POWER HOUSE BUILDING, THE STUDENT CENTER BUILDING, AND THE HARTMAN HALL...
OPERATION OF PROPERTY, INCLUDING THE LIBERAL ARTS BUILDING, THE MADAME CADILLAC BUILDING, THE FLORENT GILLET HALL BUILDING, THE POWER HOUSE BUILDING, THE STUDENT CENTER BUILDING, AND THE HARTMAN HALL BUILDING, HELD AS PART OF THE MARYGROVE COLLEGE LEGACY
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 | $9,808,032 | $4,577,465 | +1.1% |
| Expenses | $9,208,897 | $6,972,679 | +0.3% |
| Net Income | $599,135 | $-2,395,214 | -1.3% |
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 |
|---|---|---|---|---|---|---|
| SR MARY JANE HERB | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| AARON SEYBERT | TREASURER | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| GLENDA PRICE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZABETH A BURNS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROSE DESLOOVER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES FEAGIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL FORSYTH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTOINE GARIBALDI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WENDY LEWIS JACKSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM LEWAND | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$429,510 | $27,020 | $456,530 |
| ROBERTA WALKER | DIRECTOR OF OPERATIONS AND STRATEGY | 40.00 |
Highest
|
$148,755 | $7,594 | $156,349 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $9,808,032 | $9,208,897 | $111,553,857 | $599,135 |
| 2022 | $4,577,465 | $6,972,679 | $102,325,216 | $-2,395,214 |
| 2021 | $9,035,851 | $6,106,938 | $74,090,632 | $2,928,913 |
| 2021 | $9,035,851 | $6,106,938 | $74,090,632 | $2,928,913 |
| 2020 | $7,859,791 | $4,751,005 | $40,280,266 | $3,108,786 |
| 2020 | $6,637,411 | $4,818,336 | $40,281,559 | $1,819,075 |
| 2019 | $6,066,639 | $3,833,526 | $13,392,047 | $2,233,113 |
| 2019 | $7,229,173 | $3,576,824 | $14,463,753 | $3,652,349 |
| 2018 | $350,003 | $220,320 | $10,215,006 | $129,683 |
| 2017 | $3,067,609 | No data | $12,632,093 | No data |
Compare MARYGROVE CONSERVANCY with other nonprofits in Michigan and across the country.