SALINA AREA TECHNICAL COLLEGE FOUNDATION (EIN 273299216) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

Greg Nichols

Phone

7853093100

Tax Period

2023-07-01 to 2024-06-30

SALINA AREA TECHNICAL COLLEGE FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $698K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $609K, a strong 87% operating margin.

Mission

Salina Area Technical College will meet the employment needs of the region by providing a diverse community of learners with the technical and general education skills necessary for employment, personal growth and lifelong learning.

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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 $424,518

Program Service Revenue $0

Investment Income $273,932

Other Revenue $0

TOTAL REVENUE $698,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,000

Other Expenses $89,690

TOTAL EXPENSES $89,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$698,450	$759,620	-0.1%
Expenses	$89,690	$312,861	-0.7%
Net Income	$608,760	$446,759	+0.4%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Miller	Chair	1	Director	$0	$0	$0
Jamie Palenske	Treasurer	2	Officer Director	$0	$0	$0
Greg Nichols	Member	2	Officer Director	$0	$0	$0
Tom Pestinger	Member	1	Director	$0	$0	$0
Tim Holm	Member	1	Director	$0	$0	$0
Ray House	Member	1	Director	$0	$0	$0
John Adams	Member	1	Director	$0	$0	$0
Austin Gillard	Member	1	Director	$0	$0	$0
Shelli Swanson	Member	1	Director	$0	$0	$0
Chad Westbrook	Member	1	Director	$0	$0	$0
Brenda Gutierrez	Executive Director	40	Director	$0	$0	$0
Brian Blackwood	Vice Chair	1	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	$698,450	$89,690	$1,583,400	$608,760
2023	$759,620	$312,861	$1,639,094	$446,759
2022	$443,814	$1,090,255	$1,020,461	$-646,441
2021	$767,127	$84,492	$1,147,501	$682,635

SALINA AREA TECHNICAL COLLEGE FOUNDATION