CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION INC

EIN: 391233557 501(c)(3) Education

EAU CLAIRE, WI

Total Revenue
$1,775,272
Total Expenses
$1,716,693
Total Assets
$6,783,053
Net Assets
$6,753,182
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
WI
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

TO ASSIST THE CHIPPEWA VALLEY TECHNICAL COLLEGE IN CARRYING OUT ITS MISSION OF PROVIDING POSTSECONDARY OCCUPATIONAL EDUCATION AND TRAINING AS WELL AS OTHER COMMUNITY SERVICES TO THE RESIDENTS OF THE COUNTIES, MUNICIPALITIES, AND SCHOOL DISTRICTS WITHIN ITS DISTRICT BOUNDARIES. TO THIS END, THE ACTIVITIES OF CHIPPEWA VALLEY TECHNICAL COLLEGE FOUNDATION MAY INCLUDE, BUT ARE NOT LIMITED TO, ASSISTING THE CHIPPEWA VALLEY TECHNICAL COLLEGE IN: PURCHASING, LEASING, AND MANAGING LAND; CONSTRUCTING, PURCHASING, LEASING, AND MANAGING FACILITIES AND EQUIPMENT; PROVIDING FINANCIAL AID AND ASSISTANCE TO STUDENTS AT ALL OF ITS CAMPUSES; OFFERING PROFESSIONAL DEVELOPMENT OPPORTUNITIES TO ITS EMPLOYEES; AND SUPPORTING ECONOMIC DEVELOPMENT IN ITS DISTRICT.

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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 (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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
90

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
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
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