FOX VALLEY TECHNICAL COLLEGE FOUND… - 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

1976

Legal Domicile

Principal Officer

MICHELE NEVINS

Phone

9207355608

Tax Period

2024-07-01 to 2025-06-30

FOX VALLEY TECHNICAL COLLEGE FOUNDATION INC, founded in 1976, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 44% operating margin.

Mission

THROUGH PHILANTHROPY AND COMMUNITY ENGAGEMENT, THE FOUNDATION ENSURES FOX VALLEY TECHNICAL COLLEGE STUDENTS HAVE ACCESS TO SCHOLARSHIPS, EMERGENCY ASSISTANCE, HANDS-ON LEARNING OPPORTUNITIES, AND VITAL PROGRAMS. THE FOUNDATION ALSO PROVIDES RESOURCES TO SUPPORT COLLEGE PROGRAMS, STUDENT ACTIVITIES, AND FACILITY IMPROVEMENTS. TOGETHER, THESE EFFORTS REDUCE FINANCIAL BARRIERS FOR STUDENT SUCCESS, DIRECTLY IMPACTING THOUSANDS OF STUDENTS EACH YEAR, WHILE STRENGTHENING THE COLLEGE'S ABILITY TO SERVE EMPLOYERS, THE REGIONAL WORKFORCE, K-12 PARTNERS, AND THE LOCAL ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $1,827,002 Revenue: $564,344

SUPPORT FOX VALLEY TECHNICAL COLLEGE BY SEEKING MONETARY GIFTS, IN-KIND DONATIONS, AND COMMUNITY PARTNERSHIPS THAT ENHANCE PROGRAMMING, PROVIDE ACCESS TO CURRENT TECHNOLOGY, AND FUND CAPITAL PROJECTS...

Program 2

Expenses: $1,012,852 Revenue: $0

ADMINISTER AND AWARD 1,357 SCHOLARSHIPS TOTALING $1,012,852 TO STUDENTS ATTENDING FOX VALLEY TECHNICAL COLLEGE TO SUBSIDIZE THE COST OF TUITION, BOOKS, AND REQUIRED MATERIALS. THROUGH THESE...

ADMINISTER AND AWARD 1,357 SCHOLARSHIPS TOTALING $1,012,852 TO STUDENTS ATTENDING FOX VALLEY TECHNICAL COLLEGE TO SUBSIDIZE THE COST OF TUITION, BOOKS, AND REQUIRED MATERIALS. THROUGH THESE SCHOLARSHIPS, THE FOUNDATION HELPS REDUCE FINANCIAL BARRIERS FOR STUDENT SUCCESS, PROVIDING CRITICAL SUPPORT TO EDUCATION.

Program 3

Expenses: $28,000 Revenue: $0

PROVIDE 57 EMERGENCY GRANTS TOTALING $28,000 TO HELP FOX VALLEY TECHNICAL COLLEGE STUDENTS OVERCOME UNEXPECTED HARDSHIPS AND STAY ON TRACK TOWARD THEIR EDUCATIONAL GOALS. THESE FUNDS ADDRESS BARRIERS SUCH AS HOUSING INSECURITY, MEDICAL BILLS, FAMILY EMERGENCIES, FOOD INSECURITY, CHILDCARE, AND TRANSPORTATION COSTS INCLUDING VEHICLE REPAIRS, GAS, AND INSURANCE. BY REDUCING THESE FINANCIAL PRESSURES, THE FOUNDATION HELPS STUDENTS PERSIST IN THEIR STUDIES.

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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 $4,441,439

Program Service Revenue $564,344

Investment Income $1,167,740

Other Revenue $-7,544

TOTAL REVENUE $6,165,979

Expense Breakdown

Grants Paid $2,565,889

Salaries & Benefits $521,178

Fundraising Expenses $157,268

Program Expenses $2,867,854

Other Expenses $352,168

TOTAL EXPENSES $3,439,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,165,979	$3,377,779	+0.8%
Expenses	$3,439,235	$2,536,609	+0.4%
Net Income	$2,726,744	$841,170	+2.2%

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

100

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

$102,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HOOYMAN	PRESIDENT	0.75	Officer Director	$0	$0	$0
MICHELE NEVINS	VICE PRESIDENT	0.65	Officer Director	$0	$0	$0
JONATHAN FISCHER	PAST PRESIDENT	0.65	Officer Director	$0	$0	$0
SUSAN ZIMA	SECRETARY	0.65	Officer Director	$0	$0	$0
JOHN WAGNER	TREASURER	0.65	Officer Director	$0	$0	$0
PHIL SABEE	MEMBER-AT-LARGE	0.65	Officer Director	$0	$0	$0
PATRICK AMBROSO	DIRECTOR	0.50	Director	$0	$0	$0
JACKIE ANHALT	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH COLEMAN	DIRECTOR	0.50	Director	$0	$0	$0
IGNACIO CORTINA	DIRECTOR	0.50	Director	$0	$0	$0
AMANDA ELLIOTT	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HILT	DIRECTOR	0.50	Director	$0	$0	$0
MAGGIE KAUER	DIRECTOR	0.50	Director	$0	$0	$0
NICOLE LEHR	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA BOULANGER	EXECUTIVE DIRECTOR	26.00	Officer	$86,666	$15,351	$102,017

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	$6,165,979	$3,439,235	$29,814,030	$2,726,744
2024	No data	No data	No data	No data
2023	$2,720,498	$2,246,306	$24,039,562	$474,192
2022	$4,572,788	$3,212,032	$22,318,874	$1,360,756
2021	$3,860,833	$2,114,727	$24,609,934	$1,746,106
2020	$2,621,149	$2,153,817	$20,669,964	$467,332
2019	$3,151,249	$2,259,713	$19,958,243	$891,536

FOX VALLEY TECHNICAL COLLEGE FOUNDATION INC