PINE TECHNICAL & COMMUNITY COLLEGE FOUNDATION

EIN: 311666015 501(c)(3) Education

PINE CITY, MN

Total Revenue
$344,679
Total Expenses
$313,203
Total Assets
$628,862
Net Assets
$628,862
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MN
Principal Officer
COLEMAN MCDONOUGH
Phone
3206295140
Tax Period
2024-07-01 to 2025-06-30

PINE TECHNICAL & COMMUNITY COLLEGE FOUNDATION, founded in 1999, is a small nonprofit in the Education sector that reported $345K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $313K left a modest 9% surplus.

Mission

THE PINE TECHNICAL AND COMMUNITY COLLEGE FOUNDATION IS A PARTNER WITH THE COLLEGE IN PROVIDING LEADERSHIP IN EDUCATION IN THE REGION. THE FOUNDATION WILL BECOME A COLLABORATOR IN BUILDING PROGRAMS, SERVICES AND FACILITIES THAT BENEFIT STUDENTS, FACULTY, BUSINESS AND INDUSTRY IN THE COMMUNITY. THE FOUNDATION WILL CREATIVELY ASSIST AND COLLABORATE WITH COLLEGE FACULTY, STAFF AND ADMINISTRATION TO ENHANCE COLLEGE LIFE AND THE COLLEGE'S PLACE IN THE COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $317,435
Program Service Revenue $0
Investment Income $23,513
Other Revenue $3,731
TOTAL REVENUE $344,679

Expense Breakdown

Grants Paid $299,693
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $307,566
Other Expenses $13,510
TOTAL EXPENSES $313,203

Year-over-Year Comparison

2024 2023 Change
Revenue $344,679 $923,833 -0.6%
Expenses $313,203 $1,040,461 -0.7%
Net Income $31,476 $-116,628 -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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLEMAN MCDONOUGH PRESIDENT 3.00
Officer Director
$0 $0 $0
JACOB KEIL VICE PRESIDE 3.00
Officer Director
$0 $0 $0
NICK FRANDSEN SECRETARY TR 3.00
Officer Director
$0 $0 $0
OSCAR SUTHERLAND DIRECTOR 1.00
Director
$0 $0 $0
LORI TAPANI DIRECTOR 1.00
Director
$0 $0 $0
KAREN JANSEN DIRECTOR 1.00
Director
$0 $0 $0
HANK SCHILLING DIRECTOR 1.00
Director
$0 $0 $0
STACY HANCOCK DIRECTOR 1.00
Director
$0 $0 $0
DIANE BANKERS 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 $344,679 $313,203 $628,862 $31,476
2024 $923,833 $1,040,461 $576,937 $-116,628
2023 $528,101 $396,929 $667,356 $131,172
2022 $423,367 $401,143 $515,273 $22,224
2021 $296,596 $335,636 $557,569 $-39,040
2020 $374,761 $404,639 $522,598 $-29,878
2019 $267,431 $216,656 $566,567 $50,775
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