SOUTHEAST TECHNICAL COLLEGE FOUNDA… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

TRENT BRUCE

Phone

6053675751

Tax Period

2023-07-01 to 2024-06-30

SOUTHEAST TECHNICAL COLLEGE FOUNDATION, founded in 1996, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $440K, a strong 33% operating margin.

Mission

THE SOUTHEAST TECH FOUNDATION IS COMMITTED TO BUILDING A SOLID FOUNDATION FOR TOMORROW'S WORKFORCE. THROUGH COMMUNITY INVOLVEMENT, OUR WORKFORCE NEEDS WILL BE FULFILLED BY PROVIDING FINANCIAL RESOURCES THAT ALLOW OUR STUDENTS TO MEET THEIR POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $750,173

SOUTHEAST TECHNICAL COLLEGE FOUNDATION EXPANDS THE PIPELINE OF TECH CAREER STUDENTS TO FILL MORE HIGH DEMAND JOBS WHICH WILL ENABLE CONTINUED ECONOMIC GROWTH IN SIOUX FALLS. THE FOUNDATION PROVIDES GRANTS TO SOUTHEAST TECHNICAL COLLEGE FOR STUDENT SCHOLARSHIPS, STAFF SALARIES, AND CAPITAL EXPENSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,298,294

Program Service Revenue $0

Investment Income $41,799

Other Revenue $0

TOTAL REVENUE $1,340,093

Expense Breakdown

Grants Paid $750,173

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $750,173

Other Expenses $150,000

TOTAL EXPENSES $900,173

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,340,093	$882,756	+0.5%
Expenses	$900,173	$939,463	0.0%
Net Income	$439,920	$-56,707	-8.8%

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
TONY NOUR	CHAIR	1.00	Officer Director	$0	$0	$0
TRENT BRUCE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KARLA HAUGAN	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE MAY LIASON TO	SOUTHEAST TECH COUNCIL	1.00	Officer Director	$0	$0	$0
MARK MICKELSON SOUTHEAST	TECH COUNCIL MEMBER	1.00	Officer Director	$0	$0	$0
JON CROW	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE ERICKSON	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT GRIGGS	STC PRESIDENT/DIRECTOR	0.50	Director	$0	$0	$0
JASON HERRBOLDT	DIRECTOR	0.50	Director	$0	$0	$0
NANCY HOINES	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN JANS	DIRECTOR	0.50	Director	$0	$0	$0
MIKE JASPERS	DIRECTOR	0.50	Director	$0	$0	$0
KIRA KIMBALL	DIRECTOR	0.50	Director	$0	$0	$0
ROB KURTENBACH	DIRECTOR	0.50	Director	$0	$0	$0
BANNON LARSON	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS OTTEN	DIRECTOR	0.50	Director	$0	$0	$0
MARCELLA PROKOP	STC FACULTY/DIRECTOR	0.50	Director	$0	$0	$0
JON ZIEBARTH	DIRECTOR	0.50	Director	$0	$0	$0
JENNA HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN WILLIAMSON	FOUNDATION DIRECTOR	40.00	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
2025	No data	No data	No data	No data
2024	$1,340,093	$900,173	$2,792,902	$439,920
2023	$882,756	$939,463	$2,251,412	$-56,707
2022	$785,443	$651,510	$2,181,218	$133,933
2021	$485,647	$553,611	$2,297,922	$-67,964
2020	$419,840	$716,277	$2,188,932	$-296,437
2019	$750,417	$252,362	$2,291,337	$498,055
2018	$265,598	$237,598	$1,738,846	$28,000

SOUTHEAST TECHNICAL COLLEGE FOUNDATION