WATERTOWN, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE AREA TECHNICAL INSTITUTE FOUNDATION, founded in 1992, is a community nonprofit in the Education sector that reported $2.5M in total revenue in fiscal year 2018. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 46% operating margin.
THE ORGANIZATIONS PRIMARY PURPOSE IS TO BUILD A BETTER LAKE AREA TECHNICAL COLLEGE.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,482,976 | $1,966,843 | +1.3% |
| Expenses | $6,547,124 | $15,960,531 | -0.6% |
| Net Income | $-2,064,148 | $-13,993,688 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAN BRENDEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KASEY CHAPIN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NATALIE GAUER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSH HANSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BARB KLEINJAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIG SCHILLING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DONNA SCHOENBECK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LEAH STELLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHELLY TURBAK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TIM WALTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JORDAN WOLLSCHLAGER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TIFFANY SANDERSON | EX-OFFICIO MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CAM COREY | EX-OFFICIO MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JESSI EIDSON | EX-OFFICIO MEMBER | 20.00 |
Director
|
$0 | $0 | $0 |
| SCOTT CARBONNEAU | EX-OFFICIO MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRITTANY ROST | EX-OFFICIO MEMBER | 20.00 |
Director
|
$0 | $0 | $0 |
| STUART STEIN | EX-OFFICIO MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT WEELDRYER | EX-OFFICIO MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TRACY BUISKER | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$0 | $0 | $0 |
| JAY BOOMSMA | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,482,976 | $6,547,124 | $11,362,110 | $-2,064,148 |
| 2024 | $1,966,843 | $15,960,531 | $13,259,717 | $-13,993,688 |
| 2023 | $4,573,461 | $7,672,708 | $26,277,320 | $-3,099,247 |
| 2022 | $15,847,172 | $2,178,373 | $28,796,845 | $13,668,799 |
| 2021 | $13,531,757 | $3,774,075 | $17,494,339 | $9,757,682 |
| 2020 | $1,836,124 | $3,567,128 | $6,589,463 | $-1,731,004 |
| 2019 | $2,519,589 | $1,348,954 | $8,130,804 | $1,170,635 |
Compare LAKE AREA TECHNICAL COLLEGE FOUNDATION with other nonprofits in South Dakota and across the country.