ANOKA TECHNICAL COLLEGE FOUNDATION

EIN: 363494697 501(c)(3)

ANOKA, MN

Total Revenue
$1,265,842
Total Expenses
$1,185,400
Total Assets
$2,463,639
Net Assets
$2,268,235
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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
MN
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 COLLEGE RESOURCES TO SUPPORT THE STUDENTS, FACULTY, AND PROGRAMS.

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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 $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

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
23

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
4
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
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
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