BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC (EIN 391391659) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

DAVID HOLTERMAN

Phone

6087577704

Tax Period

2023-07-01 to 2024-06-30

BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $963K, a strong 67% operating margin.

Mission

TO ATTRACT AND DEVELOP RESOURCES TO SUPPLEMENT AND ENHANCE THE EDUCATIONAL OBJECTIVES OF THE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,187,505

Program Service Revenue $54,711

Investment Income $205,602

Other Revenue $-2,300

TOTAL REVENUE $1,445,518

Expense Breakdown

Grants Paid $321,511

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $321,511

Other Expenses $160,560

TOTAL EXPENSES $482,071

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,445,518	$8,496,829	-0.8%
Expenses	$482,071	$7,465,860	-0.9%
Net Income	$963,447	$1,030,969	-0.1%

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
DAVID HOLTERMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JILL LEITZEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK MCKEARN	TREASURER	1.00	Officer Director	$0	$0	$0
SUE RIPSCH	SECRETARY	1.00	Officer Director	$0	$0	$0
GRETCHEN BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
SHARON COX	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
GREGG DICKINSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GARDE	DIRECTOR	1.00	Director	$0	$0	$0
RENAE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES NEMETH	DIRECTOR (TERMED 7/23)	1.00	Director	$0	$0	$0
KARA SANKEY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA SLAGLE	DIRECTOR	1.00	Director	$0	$0	$0
PHIL WHITEHEAD	DIRECTOR	1.00	Director	$0	$0	$0
LISA HURDA	EXECUTIVE DIRECTOR	16.00	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
2025	No data	No data	No data	No data
2024	$1,445,518	$482,071	$8,074,507	$963,447
2023	$8,496,829	$7,465,860	$6,871,871	$1,030,969
2022	$1,474,077	$533,857	$7,679,210	$940,220
2021	$1,101,639	$577,139	$7,388,442	$524,500
2020	$1,160,479	$426,161	$6,534,214	$734,318
2019	$1,284,981	$357,562	$4,645,189	$927,419

BLACKHAWK TECHNICAL COLLEGE FOUNDATION INC