MADISON AREA TECHNICAL COLLEGE FOU… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

BRYAN WOODHOUSE

Phone

6082466441

Tax Period

2024-07-01 to 2025-06-30

MADISON AREA TECHNICAL COLLEGE FOUNDATION INC, founded in 1973, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $7.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF MADISON AREA TECHNICAL COLLEGE FOUNDATION IS TO ENRICH LIVES AND STRENGTHEN OUR COMMUNITY THROUGH THE ACQUISITION OF PRIVATE FUNDING IN SUPPORT OF HIGH QUALITY OPEN ACCESS EDUCATION AT MADISON COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $2,444,864 Revenue: $0

SCHOLARSHIPS - MADISON AREA TECHNICAL COLLEGE FOUNDATION, INC. PROVIDES SCHOLARSHIPS SOLELY FOR STUDENTS OF THE MADISON AREA TECHNICAL COLLEGE. SCHOOL SCHOLARSHIPS HELP STUDENTS AFFORD ACCESS TO THE...

Program 2

Expenses: $613,477 Revenue: $124,924

GENERAL PROGRAM ACTIVITIES - MADISON AREA TECHNICAL COLLEGE FOUNDATION MANAGES PROGRAM FUNDS ON BEHALF OF MADISON COLLEGE DEPARTMENTS TO SUPPORT THEIR FUNDRAISING EFFORTS.

Program 3

Expenses: $118,944 Revenue: $0

GRANTS - MADISON AREA TECHNICAL COLLEGE FOUNDATION, INC. PROVIDES SMALL AMOUNTS OF FINANCIAL ASSISTANCE TO RETAIN STUDENTS WHO ARE ENROLLED BUT ENCOUNTER FINANCIAL EMERGENCIES FOR WHICH THE STUDENTS...

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,044,562

Program Service Revenue $124,924

Investment Income $1,238,588

Other Revenue $360,912

TOTAL REVENUE $6,768,986

Expense Breakdown

Grants Paid $5,693,808

Salaries & Benefits $1,123,165

Fundraising Expenses $524,350

Program Expenses $6,307,285

Other Expenses $914,735

TOTAL EXPENSES $7,731,708

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,768,986	$5,014,229	+0.3%
Expenses	$7,731,708	$3,722,572	+1.1%
Net Income	$-962,722	$1,291,657	-1.7%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$267,682

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY THAYER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$252,436	$15,246	$267,682
CHAD MARGENAU	VP FINANCE AND OPERATIONS (THRU 01/2025)	40.00	Highest	$160,317	$24,694	$185,011
BRYAN WOODHOUSE	VP OF DEVELOPMENT	40.00	Highest	$150,541	$30,436	$180,977
BILL BEISENSTEIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD LUDGATE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBIN ROBERTS	TREASURER	1.00	Officer Director	$0	$0	$0
DEBRA LANGE	SECRETARY	1.00	Officer Director	$0	$0	$0
TURINA BAKKEN	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL CANNON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FELLER	DIRECTOR	1.00	Director	$0	$0	$0
MARIO GARCIA SIERRA	DIRECTOR	1.00	Director	$0	$0	$0
KATIE HOTTMANN	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL MENNENGA	DIRECTOR	1.00	Director	$0	$0	$0
TIM O'BRIEN	DIRECTOR (THRU 02/2025)	1.00	Director	$0	$0	$0
JAMES RIORDAN	DIRECTOR (THRU 05/2025)	1.00	Director	$0	$0	$0
TRACY SCHWEITZER	DIRECTOR	1.00	Director	$0	$0	$0

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	$6,768,986	$7,731,708	$27,208,443	$-962,722
2024	$5,014,229	$3,722,572	$26,412,340	$1,291,657
2023	$5,512,141	$3,265,175	$23,630,068	$2,246,966
2022	$4,171,287	$2,699,863	$19,547,707	$1,471,424
2021	$5,486,614	$4,102,475	$21,012,715	$1,384,139
2020	$4,862,377	$2,591,913	$18,086,376	$2,270,464
2019	$6,005,321	$6,434,457	$16,518,142	$-429,136
2018	$10,970,351	$12,285,666	$16,769,672	$-1,315,315

MADISON AREA TECHNICAL COLLEGE FOUNDATION INC