Concordia University

Nonprofit profile at a glance

EIN
381674800
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Ann Arbor, MI, USA
Phone
7349957308
Rating confidence
Limited
Sector
Undergraduate College (4-year)
Affiliation
Christianity

Official website

Reported finances

Revenue
$16,383,468
Expenses
$18,256,772
Assets
$26,672,109
Liabilities
$17,703,023

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

17 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Within its distinctly christian environment and its academic community dedicated to excellence, concordia university ann arbor serves as a liberal arts university of the lutheran church - Missouri synod, preparing men and women for a life of service in the church and in the world.

What it reported doing in 2012

Operation of educational and instructional division including support programs devoted to religious education, encouragement, and understanding for students.

Operating model

Revenue model
Earned-program. 86% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 33
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 69th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 70th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.4%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.46; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0.9%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.4% per year; rating input score 100; 65th percentile among comparable filings
  • Asset growth: 1.6% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 15 of 15 board members independent · 6 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $16.2M in reported program spending
  • Leadership: top reported pay $116K · 17 people listed
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 9 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2009 to 2012
  • Money network: 4 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 6/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.