WISCONSIN TECHNICAL COLLEGE SYSTEM… - 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

1977

Legal Domicile

Principal Officer

LEAH OSBORN

Phone

6088411800

Tax Period

2023-07-01 to 2024-06-30

WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION INC, founded in 1977, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Net assets of $7.1M represent 48 months of operating reserves.

Mission

THE WISCONSIN TECHNICAL COLLEGE SYSTEM (WTCS) FOUNDATION, INC., SEEKS TO ADVANCE THE WISCONSIN TECHNICAL COLLEGE SYSTEM, ITS CONSTITUENT TECHNICAL COLLEGES AND PUBLIC AND PRIVATE SECTOR CAREER, TECHNICAL AND WORKPLACE EDUCATION. THE FOUNDATION FOCUSES ON PROVIDING PRODUCTS AND SERVICES, DISTRIBUTING AND LICENSING INTELLECTUAL PROPERTY, OPERATING AND MANAGING PROGRAMS AND PROJECTS AND SOLICITING AND ACCEPTING GIFTS IN SUPPORT OF ITS MISSION.

Program Service Accomplishments

Program 1

Expenses: $1,263,607 Revenue: $1,561,094

WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION'S INSTRUCTIONAL DESIGN AND PLANNING PROGRAM DEVELOPS AND IMPLEMENTS CURRICULUM DESIGN SOFTWARE AND MATERIALS AND PROVIDES CURRICULUM DEVELOPMENT TRAINING AND CONSULTING FOR THE WISCONSIN TECHNICAL COLLEGE SYSTEM (WTCS), WISCONSIN'S TECHNICAL COLLEGES, AND OTHER INSTITUTIONS AND EDUCATIONAL PROGRAMS.THE WORLDWIDE INSTRUCTIONAL DESIGN SYSTEM (WIDS) COMBINES PERFORMANCE-BASED CURRICULUM DESIGN SOFTWARE AND TRAINING WITH PROFESSIONAL CONSULTING SERVICES TO DELIVER ENGAGING, EFFECTIVE AND INNOVATIVE COURSES, PROGRAMS AND MODULES.

Program 2

Expenses: $12,500 Revenue: $0

WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION MAKES MISSION-RELATED PRODUCT AND MONETARY GIFTS INCLUDING, FOR EXAMPLE, PROVIDING MATH COURSES TO WISCONSIN ADULTS SEEKING CAREERS IN THE...

WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION MAKES MISSION-RELATED PRODUCT AND MONETARY GIFTS INCLUDING, FOR EXAMPLE, PROVIDING MATH COURSES TO WISCONSIN ADULTS SEEKING CAREERS IN THE APPRENTICESHIP-BASED TRADES, AND PROVIDING MONETARY GIFTS TO THE WISCONSIN TECHNICAL COLLEGE SYSTEM IN SUPPORT OF ITS STATEWIDE STUDENT AMBASSADOR LEADERSHIP DEVELOPMENT PROGRAM AND ENHANCED STATEWIDE COMMUNICATIONS CAPABILITIES.

Program 3

Expenses: $1,145 Revenue: $4,506

WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION ACQUIRES AND DEVELOPS VIDEO-BASED COURSES, INTERACTIVE VIDEO COURSEWARE, AND OTHER INSTRUCTIONAL MATERIALS, AND DISTRIBUTES VIDEO TRAINING MATERIALS.

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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 $13,500

Program Service Revenue $200,000

Investment Income $137,399

Other Revenue $1,416,073

TOTAL REVENUE $1,766,972

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $1,410,756

Fundraising Expenses $0

Program Expenses $1,277,252

Other Expenses $475,465

TOTAL EXPENSES $1,898,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,766,972	$2,091,722	-0.2%
Expenses	$1,898,721	$1,657,179	+0.1%
Net Income	$-131,749	$434,543	-1.3%

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

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

$185,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL CLANCY	PRESIDENT	5.00	Officer Director	$0	$0	$0
EDWARD CHIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT SORENSEN	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL NELSON	SECRETARY	2.00	Officer Director	$0	$0	$0
LINDA STEWART	DIRECTOR	2.00	Director	$0	$0	$0
WENDY WINK	DIRECTOR	2.00	Director	$0	$0	$0
PAUL GABRIEL	EXECUTIVE DIRECTOR	45.00	Officer	$182,776	$3,085	$185,861
LEAH OSBORN	WIDS DIRECTOR	45.00	Highest	$154,357	$0	$154,357
LORI WERMUTH	CONTROLLER	45.00	Highest	$139,101	$0	$139,101
TERRI JOHNSON	WIDS ASSOC DIR PRODUCT DEVELOPMENT	45.00	Highest	$118,664	$4,321	$122,985
TESSA CAMPBELL	WIDS SOFTWARE & CURRICULUM CONSULT	45.00	Highest	$106,563	$20,883	$127,446

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	$1,766,972	$1,898,721	$7,648,985	$-131,749
2023	$2,091,722	$1,657,179	$7,235,002	$434,543
2022	$1,539,680	$1,430,099	$6,394,183	$109,581
2021	$1,498,112	$1,554,851	$7,183,730	$-56,739
2020	$1,459,229	$1,571,762	$6,051,172	$-112,533
2019	$1,486,475	$1,584,188	$6,071,061	$-97,713
2018	$2,178,999	$1,620,202	$5,977,076	$558,797

WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION INC