CHIPPEWA VALLEY TECHNICAL COLLEGE … - 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

1975

Legal Domicile

Principal Officer

KAREN KOHLER

Phone

7158336479

Tax Period

2023-07-01 to 2024-06-30

CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION INC, founded in 1975, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 3% surplus.

Mission

CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION, INC. EXISTS TO ENHANCE THE VISION AND MISSION OF THE CHIPPEWA VALLEY TECHNICAL COLLEGE WHICH IS TO DELIVER INNOVATIVE AND APPLIED EDUCATION THAT SUPPORTS THE WORKFORCE NEEDS OF THE REGION, IMPROVE THE LIVES OF STUDENTS, AND ADD VALUE TO THE COMMUNITIES THE COLLEGE SERVES.

Program Service Accomplishments

Program 1

Expenses: $547,617

SCHOLARSHIPS AND GRANTS - SECURING RESOURCES WHICH PROVIDE STUDENT SCHOLARSHIPS. DURING FISCAL YEAR 2024, 516 SCHOLARSHIPS WERE AWARDED.

Program 2

Expenses: $1,018,587

PROGRAM SERVICES - OTHER - CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION, INC. EXISTS TO ENHANCE THE VISION AND MISSION OF THE CHIPPEWA VALLEY TECHNICAL COLLEGE. THIS TASK IS ACCOMPLISHED BY SECURING RESOURCES WHICH WILL PROVIDE STUDENT SCHOLARSHIPS, SUPPORT STAFF INITIATIVES, INVEST IN TECHNOLOGY, AND PROVIDE FOR ONGOING FACILITY DEVELOPMENT. CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION, INC., ENGAGES VOLUNTEERS AND STAFF IN BUILDING A PHILANTHROPIC CULTURE THROUGH CULTIVATING FRIENDS AND ALUMNI, RAISING FUNDS, PROVIDING STUDENT SCHOLARSHIPS, AND MANAGING THE RESOURCES INVESTED BY THE FOUNDATION FOR CHIPPEWA VALLEY TECHNICAL COLLEGE.

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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 $1,517,052

Program Service Revenue $0

Investment Income $255,652

Other Revenue $2,568

TOTAL REVENUE $1,775,272

Expense Breakdown

Grants Paid $1,548,704

Salaries & Benefits $0

Fundraising Expenses $2,728

Program Expenses $1,566,204

Other Expenses $167,989

TOTAL EXPENSES $1,716,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,775,272	$1,390,656	+0.3%
Expenses	$1,716,693	$991,770	+0.7%
Net Income	$58,579	$398,886	-0.9%

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
GORDON HOWIE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
THERESE PERSCHALL	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM RAUCKMAN	VICE PRESIDENT (THRU 01/24)	1.00	Officer Director	$0	$0	$0
TRACEY SMISKEY	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
KELLY BAKKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGAN BOLLMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMEY BOWE	BOARD MEMBER	1.00	Director	$0	$0	$0
WES ESCONDO	BOARD MEMBER (THRU 08/23)	1.00	Director	$0	$0	$0
CHRISTOPHER FULLARTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT HOFFMAN	PAST PRESIDENT	1.00	Director	$0	$0	$0
BRUCE HOLZMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID LEISSES	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN RENLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERI SCHEIDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER A TOMESH	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WAGNER	BOARD MEMBER (THRU 01/24)	1.00	Director	$0	$0	$0
KAREN KOHLER	EXECUTIVE DIRECTOR	8.00	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
2024	No data	No data	No data	No data
2024	$1,775,272	$1,716,693	$6,783,053	$58,579
2023	$1,390,656	$991,770	$6,262,578	$398,886
2022	$406,429	$824,045	$5,540,693	$-417,616
2021	$1,187,566	$961,336	$6,358,786	$226,230
2020	$1,076,032	$1,163,937	$5,879,144	$-87,905
2019	$905,790	$969,292	$6,150,441	$-63,502

CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION INC