ANOKA TECHNICAL 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

1986

Legal Domicile

Principal Officer

DENNIS CARTER

Phone

7634226082

Tax Period

2024-07-01 to 2025-06-30

ANOKA TECHNICAL COLLEGE FOUNDATION, founded in 1986, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 6% surplus.

Mission

TO OBTAIN AND DISTRIBUTE RESOURCES TO SUPPORT THE STUDENTS, FACULTY, PROGRAMS AND VISION OF ANOKA TECHNICAL COLLEGE.

Program Service Accomplishments

Program 1

Expenses: $1,150,576 Revenue: $0

THE ANOKA TECHNICAL COLLEGE FOUNDATION FUNDED SCHOLARSHIPS AND CRISIS GRANTS THAT WERE SELECTED BY THE COLLEGE. FOR FISCAL YEAR ENDING JUNE 30, 2025, SCHOLARSHIPS TOTALING $199,200 WERE PROVIDED TO 146 STUDENT RECIPIENTS. THE FOUNDATION ALSO EXPENDED UNRESTRICTED FOUNDATION FUNDS FOR THE COLLEGE PROGRAM AREAS INCLUDING $9,250 IN UNRESTRICTED GRANTS TO ASSIST COLLEGE PROGRAM AREAS AT THE ANOKA TECHNICAL COLLEGE. IN ADDITION, $170,720 IN RESTRICTED FUNDS WERE PROVIDED TO ASSIST COLLEGE PROGRAM AREAS. THE ORGANIZATION ALSO PROVIDED SUPPORT FOR ANOKA TECHNICAL COLLEGE PROGRAMS BY FACILITATING $771,368 IN IN-KIND EQUIPMENT.

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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 $1,238,578

Program Service Revenue $0

Investment Income $46,222

Other Revenue $-18,958

TOTAL REVENUE $1,265,842

Expense Breakdown

Grants Paid $1,150,538

Salaries & Benefits $0

Fundraising Expenses $12,379

Program Expenses $1,150,576

Other Expenses $34,862

TOTAL EXPENSES $1,185,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,265,842	$936,054	+0.4%
Expenses	$1,185,400	$768,585	+0.5%
Net Income	$80,442	$167,469	-0.5%

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

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
DENNIS CARTER	CHAIR	1.00	Officer Director	$0	$0	$0
JOE KOEHLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOAN WOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
DAN THOMSEN	TREASURER	1.00	Officer Director	$0	$0	$0
RICK BETSINGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
JIM DICKINSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FLEMING	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM KINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
DAYNA KLEVE	DIRECTOR	1.00	Director	$0	$0	$0
DAN LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MCNEILL	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE MIKKONEN	DIRECTOR	1.00	Director	$0	$0	$0
BILL OLSON	DIRECTOR	1.00	Director	$0	$0	$0
HOPE RISKA	DIRECTOR	1.00	Director	$0	$0	$0
BEN ROBECK	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SKEPPER	DIRECTOR	1.00	Director	$0	$0	$0
TED SOLER	DIRECTOR	1.00	Director	$0	$0	$0
TARA THURS	DIRECTOR	1.00	Director	$0	$0	$0
MATT WOOD	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	$1,265,842	$1,185,400	$2,463,639	$80,442
2024	$936,054	$768,585	$2,155,556	$167,469
2023	$870,118	$974,859	$1,927,244	$-104,741
2022	$875,064	$652,477	$2,020,217	$222,587
2021	$448,978	$396,340	$2,025,871	$52,638
2020	$601,749	$940,031	$1,830,306	$-338,282
2019	$857,036	$669,391	$2,245,871	$187,645
2018	$994,418	$757,445	$2,016,599	$236,973