WISCONSIN TECHNICAL COLLEGE SYSTEM FOUNDATION INC

EIN: 391273103 501(c)(3) Education

MADISON, WI

Total Revenue
$1,766,972
Total Expenses
$1,898,721
Total Assets
$7,648,985
Net Assets
$7,081,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
WI
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

PROVIDE VARIOUS PROGRAMS FOR THE BENEFIT OF CAREER, TECHNICAL, AND WORKPLACE EDUCATION IN WISCONSIN.

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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 $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

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Governance

Voting Members
6
Independent Members
6
Employees
10
Volunteers
6

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
$185,861
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
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
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