PRATT COMMUNITY COLLEGE FOUNDATION

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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

1968

Legal Domicile

Principal Officer

LINDA AUSTIN-LANTERMAN

Phone

6206725641

Tax Period

2023-07-01 to 2024-06-30

PRATT COMMUNITY COLLEGE FOUNDATION, founded in 1968, is a small nonprofit in the Education sector that reported $551K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 93% operating deficit.

Mission

TO PROMOTE ACCESS TO HIGHER EDUCATION IN SOUTH CENTRAL KANSAS AND TO ADVANCE INSTITUTIONAL EXCELLENCE THROUGH FINANCIAL SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $1,028,541

PROVIDED SCHOLARSHIPS TO 78 STUDENTS IN ALL AREAS OF STUDY AT PRATT COMMUNITY COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $277,995

Program Service Revenue $0

Investment Income $285,738

Other Revenue $-13,100

TOTAL REVENUE $550,633

Expense Breakdown

Grants Paid $328,046

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,028,541

Other Expenses $733,214

TOTAL EXPENSES $1,061,260

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,633	$2,392,835	-0.8%
Expenses	$1,061,260	$480,829	+1.2%
Net Income	$-510,627	$1,912,006	-1.3%

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

N/A

Volunteers

100

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

$247,106

Total Directors

$806,718

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WADE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA STELZER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RHONDA WESTERHAUS	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LONG	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BRONSON	DIRECTOR	1.00	Director	$0	$0	$0
GREGG LESH	DIRECTOR	1.00	Director	$0	$0	$0
ABBY FARMER	DIRECTOR	1.00	Director	$0	$0	$0
STAN REIMER	BOARD OF TRUSTEE	1.00	Director	$0	$0	$0
BARRY FISHER	SECRETARY	2.00	Officer Director	$0	$0	$77,268
KENT ADAMS	TREASURER	2.00	Officer Director	$0	$0	$169,838
DR MICHAEL CALVERT	DIRECTOR	1.00	Director	$0	$0	$293,785
DONNA MEIER PFEIFER	DIRECTOR	1.00	Director	$0	$0	$53,697
MONETTE DEPEW	DIRECTOR	1.00	Director	$0	$0	$137,574
TIM SWARTZENDRUBER	DIRECTOR	1.00	Director	$0	$0	$74,556
JERRY SANKO	DIRECTOR	1.00	Director	$0	$0	$0
DR KWANNA KING	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	No data	No data	No data	No data
2024	$550,633	$1,061,260	$13,960,662	$-510,627
2023	$2,392,835	$480,829	$13,645,356	$1,912,006
2022	$1,332,006	$433,757	$6,483,374	$898,249
2021	$1,095,142	$504,522	$6,231,231	$590,620
2020	$900,677	$749,153	$4,927,901	$151,524
2019	$1,449,050	$414,816	$4,852,433	$1,034,234
2018	$1,482,436	$1,172,571	$4,078,021	$309,865