KISHWAUKEE 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

1971

Legal Domicile

Principal Officer

COURTNEY WALZ

Phone

8158252086

Tax Period

2024-07-01 to 2025-06-30

KISHWAUKEE COLLEGE FOUNDATION, founded in 1971, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $290K, a strong 19% operating margin.

Mission

TO HELP SHAPE THE FUTURE AND ENHANCE THE CONTINUOUS DEVELOPMENT OF KISHWAUKEE COLLEGE BY PROVIDING STUDENT SCHOLARSHIPS, INSTRUCTIONAL ENHANCEMENTS, AND FACILITY IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $422,068

SCHOLARSHIPS: THE KISHWAUKEE COLLEGE FOUNDATION HELPS MAKE A QUALITY EDUCATION AVAILABLE TO ALL STUDENTS THROUGH THE ANNUAL SCHOLARSHIP PROGRAM. THIS YEAR $422,068 WAS AWARDED THROUGH 85 DIFFERENT...

SCHOLARSHIPS: THE KISHWAUKEE COLLEGE FOUNDATION HELPS MAKE A QUALITY EDUCATION AVAILABLE TO ALL STUDENTS THROUGH THE ANNUAL SCHOLARSHIP PROGRAM. THIS YEAR $422,068 WAS AWARDED THROUGH 85 DIFFERENT SCHOLARSHIPS. THE FOUNDATION AWARDED THESE DOLLARS TO 368 STUDENTS WHO CONTINUE TO EXCEL AND BECOME VITAL PARTNERS WITHIN OUR COMMUNITY.

Program 2

Expenses: $412,533

PROGRAM ENHANCEMENTS:THE KISHWAUKEE COLLEGE FOUNDATION BOLSTERS A QUALITY EDUCATION BY PROVIDING PROGRAM ENHANCEMENTS TO SEVERAL PROGRAMS EACH YEAR. BY MAKING $321,189 AVAILABLE, THE FOUNDATION WAS ABLE TO HELP PROVIDE EQUIPMENT AND MATERIALS TO PROGRAMS SUCH AS GED, MATH, SCIENCE, LIBRARY OPERATIONS, ATHLETICS AND MANY OTHERS, AS WELL AS CLASSES TO NON-PROFIT ORGANIZATIONS. THE FOUNDATION ALSO USED THESE DOLLARS TO ESTABLISH NEW OPPORTUNITIES FOR SEVERAL COLLEGE PROGRAMS BY AWARDING INNOVATION AWARDS TO MANY DIFFERENT AREAS WITHIN THE COLLEGE. STUDENT SERVICES, INSTRUCTIONAL DESIGN, ART, LEARNING SKILLS, AND INSTRUCTION PROGRAMS WERE ALL ABLE TO ENHANCE THEIR SERVICES. THESE FUNDS HELP OUR STAFF AND OUR FACULTY PROVIDE REAL OPPORTUNITY TO THE STUDENTS WE SERVE.

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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 $654,859

Program Service Revenue $0

Investment Income $769,209

Other Revenue $76,994

TOTAL REVENUE $1,501,062

Expense Breakdown

Grants Paid $743,257

Salaries & Benefits $204,995

Fundraising Expenses $66,361

Program Expenses $834,601

Other Expenses $262,810

TOTAL EXPENSES $1,211,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,501,062	$1,316,768	+0.1%
Expenses	$1,211,062	$1,147,617	+0.1%
Net Income	$290,000	$169,151	+0.7%

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

$163,150

Total Directors

$338,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR LAURIE BOROWICZ	DIRECTOR/COLLEGE PRESIDENT	2.00	Director	$0	$77,154	$338,334
MS ROSE TREML	PRESIDENT	0.25	Officer Director	$0	$0	$0
MR COLE JOHNSON	TREASURER	0.25	Officer Director	$0	$0	$0
MS AMY OSTER	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MR TED ROSENOW	SECRETARY	0.25	Officer Director	$0	$0	$0
MR RYAN BUTZMAN	DIRECTOR	0.25	Director	$0	$0	$0
DR JASON HARPER	DIRECTOR	0.25	Director	$0	$0	$0
MS LAURIE HOECHERL	DIRECTOR	0.25	Director	$0	$0	$0
MR JOSE HINOJOSA	DIRECTOR	0.25	Director	$0	$0	$0
DR REBECCA MURPHY	DIRECTOR	0.25	Director	$0	$0	$0
MR MANNY PENA	DIRECTOR	0.25	Director	$0	$0	$0
MR BERNIE PUPINO	DIRECTOR	0.25	Director	$0	$0	$0
MR BRUCE SELDAL	DIRECTOR	0.25	Director	$0	$0	$0
MS KATE SHAW DICKEY	DIRECTOR	0.25	Director	$0	$0	$0
MR DAVE VANBUREN	DIRECTOR	0.25	Director	$0	$0	$0
DR KAYTE HAMEL	EXECUTIVE DIRECTOR	28.00	Officer	$0	$23,111	$163,150

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	$1,501,062	$1,211,062	$10,260,167	$290,000
2024	$1,316,768	$1,147,617	$9,929,936	$169,151
2023	$1,908,302	$1,121,070	$8,918,491	$787,232
2022	$1,391,612	$1,089,904	$8,365,888	$301,708
2021	$1,330,318	$1,078,604	$9,860,954	$251,714