Civic Intelligence

University of Detroit Mercy

EIN 38-1360586 • 501(c)3 • Detroit, MI

Profile

Detroit Mercy, a Catholic university in the Jesuit and Mercy traditions, exists to provide excellent student-centered undergraduate and graduate education in an urban context. A UDM education seeks to integrate the intellectual, spiritual, ethical and social development of students.

4001 W McNichols RdDetroit, MI 48221-3038

www.udmercy.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.29x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.49x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

53rd percentile

4.8%

Higher net margin than 53% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

35th percentile

$600,431

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

57th percentile

7.5%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

6.9%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$318,876,008

Up $22,213,475 (+7.5%) from 2023

Liabilities

Up

$92,296,140

Up $1,307,608 (+1.4%) from 2023

Net Assets

Up

$226,579,868

Up $20,905,867 (+10%) from 2023

Revenue

Up

$188,307,608

Up $12,210,626 (+6.9%) from 2023

Expenses

Up

$179,251,221

Up $7,792,562 (+4.5%) from 2023

Net Income

Up

$9,056,387

Up $4,418,064 (+95%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $174,064,271Liabilities 2010: $74,279,301Net Assets 2010: $99,784,9702010Assets 2011: $185,092,419Liabilities 2011: $74,303,894Net Assets 2011: $110,788,5252011Assets 2012: $201,003,792Liabilities 2012: $96,063,408Net Assets 2012: $104,940,3842012Assets 2013: $212,739,782Liabilities 2013: $92,576,568Net Assets 2013: $120,163,2142013Assets 2014: $224,140,395Liabilities 2014: $93,721,528Net Assets 2014: $130,418,8672014Assets 2015: $232,310,161Liabilities 2015: $92,212,664Net Assets 2015: $140,097,4972015Assets 2016: $234,472,959Liabilities 2016: $96,617,116Net Assets 2016: $137,855,8432016Assets 2017: $235,615,263Liabilities 2017: $88,987,041Net Assets 2017: $146,628,2222017Assets 2018: $245,594,971Liabilities 2018: $95,803,835Net Assets 2018: $149,791,1362018Assets 2019: $253,517,191Liabilities 2019: $98,469,653Net Assets 2019: $155,047,5382019Assets 2020: $253,938,690Liabilities 2020: $93,930,425Net Assets 2020: $160,008,2652020Assets 2021: $289,746,215Liabilities 2021: $99,873,819Net Assets 2021: $189,872,3962021Assets 2022: $293,919,419Liabilities 2022: $100,162,577Net Assets 2022: $193,756,8422022Assets 2023: $296,662,533Liabilities 2023: $90,988,532Net Assets 2023: $205,674,0012023Assets 2024: $318,876,008Liabilities 2024: $92,296,140Net Assets 2024: $226,579,8682024

Highlighted filing

2024

Assets$318,876,008
Liabilities$92,296,140
Net Assets$226,579,868

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $130,638,7032010Revenue 2011: $143,294,901Expenses 2011: $135,449,136Net Income 2011: $7,845,7652011Expenses 2012: $140,992,2332012Revenue 2013: $149,858,972Expenses 2013: $140,597,436Net Income 2013: $9,261,5362013Revenue 2014: $154,831,560Expenses 2014: $145,372,050Net Income 2014: $9,459,5102014Revenue 2015: $159,019,909Expenses 2015: $148,200,387Net Income 2015: $10,819,5222015Revenue 2016: $160,476,341Expenses 2016: $158,864,833Net Income 2016: $1,611,5082016Revenue 2017: $159,534,353Expenses 2017: $159,418,206Net Income 2017: $116,1472017Revenue 2018: $177,472,201Expenses 2018: $178,574,958Net Income 2018: -$1,102,7572018Revenue 2019: $177,007,310Expenses 2019: $169,430,105Net Income 2019: $7,577,2052019Revenue 2020: $175,014,094Expenses 2020: $164,397,853Net Income 2020: $10,616,2412020Revenue 2021: $171,830,708Expenses 2021: $160,524,741Net Income 2021: $11,305,9672021Revenue 2022: $189,038,227Expenses 2022: $171,507,137Net Income 2022: $17,531,0902022Revenue 2023: $176,096,982Expenses 2023: $171,458,659Net Income 2023: $4,638,3232023Revenue 2024: $188,307,608Expenses 2024: $179,251,221Net Income 2024: $9,056,3872024

Highlighted filing

2024

Revenue$188,307,608
Expenses$179,251,221
Net Income$9,056,387

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$319$92.3$227$188$179$9.06
2023Detailed filing. Detailed filing data is available for this year.$297$91.0$206$176$171$4.64
2022Detailed filing. Detailed filing data is available for this year.$294$100$194$189$172$17.5
2021Detailed filing. Detailed filing data is available for this year.$290$99.9$190$172$161$11.3
2020Detailed filing. Detailed filing data is available for this year.$254$93.9$160$175$164$10.6
2019Detailed filing. Detailed filing data is available for this year.$254$98.5$155$177$169$7.58
2018Detailed filing. Detailed filing data is available for this year.$246$95.8$150$177$179$1.10
2017Detailed filing. Detailed filing data is available for this year.$236$89.0$147$160$159$0.12
2016Detailed filing. Detailed filing data is available for this year.$234$96.6$138$160$159$1.61
2015Detailed filing. Detailed filing data is available for this year.$232$92.2$140$159$148$10.8
2014Detailed filing. Detailed filing data is available for this year.$224$93.7$130$155$145$9.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$213$92.6$120$150$141$9.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$201$96.1$105$141
2011Summary only. Only limited summary data is available for this year.$185$74.3$111$143$135$7.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$174$74.3$99.8$131
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$262,351,508
Mission and Program Overview

Mission

The University of Detroit Mercy, a Catholic university in the Jesuit and Mercy traditions, exists to provide excellent student-centered undergraduate and graduate education in an urban context. A UDM education seeks to integrate the intellectual, spiritual, ethical and social development of students.

The University of Detroit Mercy, a Catholic university in the Jesuit and Mercy traditions, exists to provide excellent student-centered undergraduate and graduate education in an urban context. A UDM education seeks to integrate the intellectual spiritual, ethical and social development of students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$138,604,032$144,288,776▲ $5,684,744
Investments in Publicly Traded Securities$86,017,207$100,462,411▲ $14,445,204
Savings and Temporary Cash Investments$43,993,352$48,375,100▲ $4,381,748
Accounts Receivable$9,928,257$10,919,042▲ $990,785
Other Notes and Loans Receivable, Net$12,729,885$9,921,809▼ $2,808,076
Pledges and Grants Receivable$3,238,910$3,221,578▼ $17,332
Prepaid Expenses and Deferred Charges$2,150,890$1,687,292▼ $463,598
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$296,662,533$318,876,008▲ $22,213,475
Other Assets Total$0$0→ $0
Liabilities
Tax Exempt Bond Liabilities$50,918,651$54,188,164▲ $3,269,513
Accounts Payable and Accrued Expenses$14,681,998$15,131,450▲ $449,452
Other Liabilities$15,379,836$13,574,053▼ $1,805,783
Deferred Revenue$10,008,047$9,402,473▼ $605,574
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$90,988,532$92,296,140▲ $1,307,608
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$110,798,007$115,296,685▲ $4,498,678
Net Assets With Donor Restrictions$94,875,994$111,283,183▲ $16,407,189
Total Net Assets Fund Balance$205,674,001$226,579,868▲ $20,905,867
Total Liabilities and Net Assets / Fund Balance$296,662,533$318,876,008▲ $22,213,475

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$102,930,264$111,915,627$214,845,891
Equipment$11,186,354$40,805,703$51,992,057
Other Land Buildings$22,130,827$26,835,853$48,966,680
Land$8,041,331-$8,041,331
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$95,365,208$2,336,186▲ $13,347,774$-210,000$108,570,110
2022$83,263,246$6,096,905▲ $8,521,091$3,000$95,365,208
2021$93,964,421$5,803,903▼ $14,473,022$-3,000$83,263,246
2020$73,848,701$3,590,283▲ $18,401,688$-41,619$93,964,421
2019$69,415,105$4,892,016▲ $1,431,516$0$73,848,701
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael DavisHead Coach - Men BasketballFT$444,575$155,856$600,431
Donald B TaylorPresidentFT$451,880$109,407$561,287
Pamela ZarkowskiProvost & Vice President for Academic AffairsFT$395,675$49,651$445,326
Antoine M GaribaldiPresident Emeritus & Distinguished University ProfessorFT$393,096$51,735$444,831
Mert N AksuDean School of DentistryFT$373,367$49,651$423,018
Thomas ManceorVice President Finance & AdministrationFT$328,573$50,627$379,200
Ahmad Maalhagh-FardAssociate Professor & Director Faculty Success ProgramFT$296,856$39,683$336,539
Omid SabbaghiAssociate Professor Business AdministrationFT$258,610$50,870$309,480
Joseph G EisenhauerDean College of Business AdministrationFT$252,968$44,605$297,573
Abed YakanClinical Assistant ProfessorFT$232,357$64,779$297,136
Deborah C StieffelVice President of Enrollment & Student AffairsFT$236,134$37,396$273,530
Robert C VowelsAthletic DirectorFT$211,223$53,558$264,781
Dincer C GurunAssociate Professor of Clinical DentistryFT$215,863$42,499$258,362
Sulman S HansAssociate Dean School of OptometryFT$235,906$19,630$255,536
Jelani Jefferson ExumDean School of LawFT$218,834$31,323$250,157
Anthony NeelyAssociate Professor of Graduate PeriodonticsFT$226,043$22,540$248,583
Jocelyn M BoryczkaDean of College of Liberal ArtsFT$205,082$20,586$225,668
Riyad Al-QawasmiAssociate Professor of Graduate OrthodonticsFT$209,021$14,045$223,066
Katherine SnyderDean College of Engineering & ScienceFT$186,962$35,676$222,638
Daniel PiteraDean School of Architecture & Community DevelopmentFT$174,059$46,303$220,362
Janet BaiardiInterim Dean College of Health ProfessionsFT$180,505$38,159$218,664
Nicholas J SchroeckDean - Law SchoolFT$176,739$14,246$190,985
Monica M BarbourUniversity Secretary & Legal CounselFT$158,836$24,828$183,664
William WittigProfessor School of ArchitectureFT$138,477$38,179$176,656
Dennis M CarlessoVice President of AdvancementFT$125,743$45,849$171,592
Neal RosenburgProfessor of Health Professions & McAuley School of NursingFT$142,515$24,574$167,089
Arnaldo A D'AmbrosioVice President of University Advancement-$134,246$27,526$161,772
Arnaldo A D'AmbrosioFormer VP of University AdvancementFT$138,446$23,325$161,771

Highest Paid Contractors

ContractorServicesLocationCompensation
Butzel LongLegal Services201 W Big Beaver Rd Ste 1200, Troy, MI 48084-4120$576,912
Graham Media Group MI IncAdvertisingPO Box 788355, Philadelphia, PA 19178-8355$304,973
RefQuest LLCAthletic Department Game ManagementPO Box 30737, Indianapolis, IN 46230-0737$300,880
Plante & Moran PLLCAudit Services16060 Collections Ctr Dr, Chicago, IL 60693-0001$164,899
Timely Telehealth LLC DBA TimelyMDStudent Medical & Mental Health1315 S Adams St, Fort Worth, TX 76104-4404$164,160
Revenue and Support

Revenue Composition

Contributions and Grants
$34,091,294
Program Service Revenue
$150,111,374
Investment Income
$4,104,940
Other Revenue
$0
All Other Contributions
$18,681,952
Change in Net Assets
$9,056,387

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded12$4,496,099Fair Market Value (FMV)
Cars and Other Vehicles2$333,883Actual Cost
Other Non Cash Contri Table1$11,086Actual Cost
Other Non Cash Contri Table2$9,600Actual Cost
Other Non Cash Contri Table1$3,500Fair Market Value
Total Noncash Contributions18$4,854,168-

Audited Revenue Reconciliation

Revenue per Audited Statements
$188,074,888
Revenue Not Reported on Financial Statements
$232,720
Revenue Not Reported on Form 990
$958,710
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$189,033,598
Total Revenue per Form 990
$188,307,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$109,018,816
Other Expenses$59,906,343
Grants and Similar Amounts Paid$10,324,022
Total Fundraising Expense$3,003,767
Professional Fundraising Fees$2,040

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,298,981$8,397,011$1,283,675$80,979,667
Fees for Services Other$10,752,484$5,801,394$35,785$16,589,663
Other Employee Benefits$5,978,757$5,297,543$450,170$11,726,470
Grants to Domestic Individuals$10,324,022--$10,324,022
Depreciation Depletion$8,751,044$1,221,076$203,513$10,175,633
Office Expenses$9,095,517$533,863$299,044$9,928,424
Payroll Taxes$3,186,358$2,823,308$239,917$6,249,583
Pension Plan Contributions$2,795,110$2,258,932$191,958$5,246,000
Current Officers, Directors, Trustees, and Key Employees$2,446,152$2,185,248$185,696$4,817,096
Occupancy$760,273$4,017,514$0$4,777,787
Information Technology$2,806,593$713,148$715$3,520,456
Travel$2,699,168$294,658$10,908$3,004,734
Interest$2,478,925$345,897$57,649$2,882,471
Advertising$320,715$1,281,900$0$1,602,615
Conferences and Meetings$1,207,831$351,602$30,901$1,590,334
Insurance$179,814$1,265,943$0$1,445,757
Other Expenses$700,870$0$0$700,870
Fees for Services Legal$5,461$566,715$0$572,176
Fees for Service Investment Mgmnt Fees$0$232,720$0$232,720
Fees for Services Accounting$0$162,174$0$162,174
Fees for Services Lobbying$0$88,786$0$88,786
Fees for Services Professional Fundraising--$2,040$2,040
Total Functional Expenses$137,342,341$38,905,113$3,003,767$179,251,221

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$179,251,221
Expenses per Audited Statements$168,694,479
Total Expenses per Audited Statements$168,694,479
Expenses Not Reported on Financial Statements$10,556,742
Other Expense Adjustments$10,324,022
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$2,040
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal student loans$10,199,990
Accrued postretirement benefits$3,374,063

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMichigan Finance Authority Higher Education2023-09-28$54,505,000Refinance Series 2019A & B, 2020 Bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$54,505,000$0$50,327,130$0

Bond Financing Compliance

Form 8038-T filed
Yes
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The CFO, the the Controller's office, submits the completed 990 to the Finance Committee of the Board of Trustees (BOT) for review. Contemporaneously, the completed 990 is made available online to the full BOT through the UDM BoardEffect portal, a dedicated and password protected portal of the University for the Board of Trustees and the President's Council. The BOT has the opportunity for a stated period of time to make comments or ask questions regarding the Form 990 , after which it is filed.

Form 990, Part VI, Section B, Line 12C

The BOT receives reminders of the duty to disclose any conflict of interest as defined in the policy. Conflict of Interest forms are available through the Corporate Secretary at each full Board meeting.

Form 990, Part VI, Section B, Line 15

Detroit Mercy has a Compensation Committee of the BOT AVP of Human Resources to determine compensation for the President and other executives of the University. A compensation committee meeting was held during FY24. Salary ranges are established after reviewing Executive salary data from peer institutions, Chronicle of Higher ED Annual Exec Comp report, and AJCU CompSurvey and CUPA data. A recommendation is made to the BOT for review and approval.

Form 990, Part VI, Section C, Line 19

Detroit Mercy makes it's governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
University of Detroit Mercy
EIN
38-1360586
Phone
3139931000
Address
4001 W McNichols Rd, Detroit, MI 48221-3038

Signing Officer

Name
Thomas Manceor
Title
Chief Financial Officer
Phone
3139931508
Signed
2025-05-14

Organization Details

Principal Officer
Thomas Manceor
Formed
1881
Legal Domicile
Mi
Voting Board Members
26
Independent Board Members
25
Employees
2,232
Volunteers
350
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Detroit Mercy opened a Optometry Clinic on our Novi Campus in late April 2024.

Form 990, Part XI, Line 9

Includes gain on value of interest SWAP agreement $708,297 and non-operating loss for post-retirement benefits of (141,548).

Financial Statement Notes

Schedule D, Part V, Line 4

Income from endowments is predominately intended for scholarships and program support.

Schedule D, Part XI, Line 2D

Funded scholarships of $ 10,324,022 netted against revenue in the financial statements, but included in expenses in the 990.

Schedule D, Part XII, Line 4B

Funded scholarships of $10,324,022 netted against revenue in the financial statements, but included in expenses in the 990.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Plante & Moran PLLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4Timely Telehealth LLC DBA TimelyMD
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IRS990/Desc0Delivered educational programs to approximately 2,308 undergraduate and 959 graduate students in five colleges and 1,211 professional students in the Dental and Law schools; provided research activities and public service programs and academic support services including three libraries, IT communications, computing and web services, scientific and medical labs, and dental clinics.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Davis
IRS990/Form990PartVIISectionAGrp/PersonNm1Donald B Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm2Pamela Zarkowski
IRS990/Form990PartVIISectionAGrp/PersonNm3Antoine M Garibaldi
IRS990/Form990PartVIISectionAGrp/PersonNm4Mert N Aksu
IRS990/Form990PartVIISectionAGrp/PersonNm5Thomas Manceor
IRS990/Form990PartVIISectionAGrp/PersonNm6Ahmad Maalhagh-Fard
IRS990/Form990PartVIISectionAGrp/PersonNm7Omid Sabbaghi
IRS990/Form990PartVIISectionAGrp/PersonNm8Joseph G Eisenhauer
IRS990/Form990PartVIISectionAGrp/PersonNm9Abed Yakan
IRS990/Form990PartVIISectionAGrp/PersonNm10Deborah C Stieffel
IRS990/Form990PartVIISectionAGrp/PersonNm11Robert C Vowels
IRS990/Form990PartVIISectionAGrp/PersonNm12Dincer C Gurun
IRS990/Form990PartVIISectionAGrp/PersonNm13Sulman S Hans
IRS990/Form990PartVIISectionAGrp/PersonNm14Jelani Jefferson Exum
IRS990/Form990PartVIISectionAGrp/PersonNm15Anthony Neely
IRS990/Form990PartVIISectionAGrp/PersonNm16Jocelyn M Boryczka
IRS990/Form990PartVIISectionAGrp/PersonNm17Riyad Al-Qawasmi
IRS990/Form990PartVIISectionAGrp/PersonNm18Katherine Snyder
IRS990/Form990PartVIISectionAGrp/PersonNm19Daniel Pitera
IRS990/Form990PartVIISectionAGrp/PersonNm20Janet Baiardi
IRS990/Form990PartVIISectionAGrp/PersonNm21Nicholas J Schroeck
IRS990/Form990PartVIISectionAGrp/PersonNm22Monica M Barbour
IRS990/Form990PartVIISectionAGrp/PersonNm23William Wittig
IRS990/Form990PartVIISectionAGrp/PersonNm24Dennis M Carlesso

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