REGIONAL TECHNICAL EDUCATION CENTER INC (EIN 342014700) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

DENISE KNEIFL

Phone

6056685700

Tax Period

2024-01-01 to 2024-12-31

REGIONAL TECHNICAL EDUCATION CENTER INC, founded in 2004, is a small nonprofit in the Education sector that reported $398K in total revenue in fiscal year 2018. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $375K left a modest 6% surplus.

Mission

TO PROVIDE HIGH QUALITY, AFFORDABLE TECHNICAL EDUCATION AND TRAINING OPPORTUNITIES WHICH WILL ENHANCE THE ABILITIES OF INDVIDUALS TO OBTAIN AND RETAIN EMPLOYMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,900

Program Service Revenue $322,375

Investment Income $1,112

Other Revenue $0

TOTAL REVENUE $344,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,510

Fundraising Expenses $42,919

Program Expenses $257,404

Other Expenses $208,212

TOTAL EXPENSES $464,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,387	$411,572	-0.2%
Expenses	$464,722	$468,961	0.0%
Net Income	$-120,335	$-57,389	+1.1%

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

$70,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE KNEIFL	GENERAL MANA	40.00	Officer	$69,583	$855	$70,438
KEVIN BENDER	CHAIR	1.00	Officer Director	$0	$0	$0
TODD DVORACEK	DIRECTOR	1.00	Director	$0	$0	$0
KATHY GREENEWAY	DIRECTOR	1.00	Director	$0	$0	$0
LACEY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DON KETTERING	DIRECTOR	1.00	Director	$0	$0	$0
ROCHELL LINDQUIST	DIRECTOR	1.00	Director	$0	$0	$0
RITA NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM NOECKER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SAGER	DIRECTOR	1.00	Director	$0	$0	$0
JESSI STARK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NANCY WENANDE	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA SPENCER	TREASURER	1.00	Officer	$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
2024	$344,387	$464,722	$117,541	$-120,335
2023	$411,572	$468,961	$253,017	$-57,389
2022	$517,822	$484,296	$333,994	$33,526
2021	$437,585	$359,665	$242,210	$77,920
2020	$113,737	$292,049	$194,826	$-178,312
2019	$285,083	$329,850	$329,113	$-44,767
2018	$397,501	$375,130	$381,470	$22,371

REGIONAL TECHNICAL EDUCATION CENTER INC