GOGEBIC COMMUNITY COLLEGE FOUNDATION (EIN 382193133) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

KELLY MARCZAK

Phone

9069324231

Tax Period

2024-07-01 to 2025-06-30

GOGEBIC COMMUNITY COLLEGE FOUNDATION, founded in 1977, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 237% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 72% operating margin.

Mission

FINANCIAL SUPPORT OF GOGEBIC COMMUNITY COLLEGE AND ITS STUDENTS

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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 $1,092,248

Program Service Revenue $0

Investment Income $344,287

Other Revenue $13,151

TOTAL REVENUE $1,449,686

Expense Breakdown

Grants Paid $330,458

Salaries & Benefits $0

Fundraising Expenses $488

Program Expenses $330,458

Other Expenses $78,354

TOTAL EXPENSES $408,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,449,686	$430,324	+2.4%
Expenses	$408,812	$549,491	-0.3%
Net Income	$1,040,874	$-119,167	-9.7%

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

$183,504

Total Directors

$96,297

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MILAKOVICH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN SIIRA	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
STEHPANIE INNES	INTERIM TREASURER AS OF 6/7/25	1.00	Officer Director	$0	$22,558	$96,297
NEIL BECKMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL JAMISON	DIRECTOR	1.00	Director	$0	$0	$0
JOEL MASSIE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MATONICH	DIRECTOR	1.00	Director	$0	$0	$0
LINDA PAOLI	DIRECTOR	1.00	Director	$0	$0	$0
CAROL PISANI	DIRECTOR	1.00	Director	$0	$0	$0
GREG RYSKEY	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SAMARDICH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WESSELHOFT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LUPINO	DIRECTOR	1.00	Director	$0	$0	$0
JUDI YATCHAK	DIRECTOR	1.00	Director	$0	$0	$0
KARI KLEMME	STAFF REPRESENTATIVE	1.00	Director	$0	$0	$0
MARIA SOKOL	FACULTY REPRESENTATIVE	1.00	Director	$0	$0	$0
KELLY MARCZAK	EX-OFFICIO/EXECUTIVE DIREC	40.00	Officer	$0	$0	$87,207
CHAD LASHUA	FORMER TREASURER THRU 06/06/25	1.00		$0	$37,465	$147,138

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	$1,449,686	$408,812	$6,529,621	$1,040,874
2024	$430,324	$549,491	$5,217,438	$-119,167
2023	$472,312	$278,045	$4,984,931	$194,267
2022	$640,536	$265,931	$4,722,165	$374,605
2021	$751,748	$451,111	$5,244,210	$300,637
2020	$385,374	$383,225	$4,416,821	$2,149
2019	$421,368	$501,224	$4,502,369	$-79,856

GOGEBIC COMMUNITY COLLEGE FOUNDATION