HERBERT V PROCHNOW EDUCATIONAL FOUNDATION INC

EIN: 391466758 501(c)(3)

MADISON, WI

Total Revenue
$853,534
Total Expenses
$255,667
Total Assets
$10,401,498
Net Assets
$10,401,498
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
WI
Principal Officer
PAUL KATZ
Phone
6082431945
Tax Period
2023-11-01 to 2024-10-31

HERBERT V PROCHNOW EDUCATIONAL FOUNDATION INC, founded in 1983, is a small nonprofit that reported $854K in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $598K, a strong 70% operating margin.

Mission

TO INITIATE, FUND, MARKET AND IMPLEMENT PROGRAMS AND ACTIVITIES WHICH SUPPORT THE MISSION OF THE GRADUATE SCHOOL OF BANKING, INC.

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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 $231,017
Program Service Revenue $0
Investment Income $622,517
Other Revenue $0
TOTAL REVENUE $853,534

Expense Breakdown

Grants Paid $124,055
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $124,055
Other Expenses $131,612
TOTAL EXPENSES $255,667

Year-over-Year Comparison

2023 2022 Change
Revenue $853,534 $434,366 +1.0%
Expenses $255,667 $266,497 0.0%
Net Income $597,867 $167,869 +2.6%
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
22
Independent Members
18
Employees
N/A
Volunteers
19

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
6
$354,851
Total Directors
23
$354,851
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIRBY DAVIDSON CEO (THROUGH 12/2024) 4.00
Officer Director
$29,499 $59,863 $354,851
PAUL KATZ PRESIDENT & CEO (STARTED 05/2024) 4.00
Officer Director
$0 $0 $0
RANDY HULTGREN IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
KARLTON ADAM CHAIR 1.00
Officer Director
$0 $0 $0
ADRIAN BEVERAGE VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL ADELMAN TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN PERNICK MEMBER - BAB CHAIR 1.00
Director
$0 $0 $0
MICHAEL A WEAR MEMBER - CAC CHAIR 1.00
Director
$0 $0 $0
JULIE REDFERN MEMBER - BAB VICE CHAIR 1.00
Director
$0 $0 $0
VICKI KRAAI MEMBER - CAC VICE CHAIR 1.00
Director
$0 $0 $0
VALLABH SAMBAMURTHY UW REPRESENTATIVE 1.00
Director
$0 $0 $0
AMBER VAN TIL MEMBER 1.00
Director
$0 $0 $0
BALLARD CASSADY MEMBER 1.00
Director
$0 $0 $0
DOUG WAREHAM MEMBER 1.00
Director
$0 $0 $0
JACKSON HATAWAY MEMBER 1.00
Director
$0 $0 $0
JENIFER WALLER MEMBER 1.00
Director
$0 $0 $0
JOE WITT MEMBER 1.00
Director
$0 $0 $0
LORRIE TROGDEN MEMBER 1.00
Director
$0 $0 $0
JOHN SORENSEN MEMBER 1.00
Director
$0 $0 $0
RICHARD BAIER MEMBER 1.00
Director
$0 $0 $0
RICK CLAYBURGH MEMBER 1.00
Director
$0 $0 $0
ROSE OSWALD POELS MEMBER 1.00
Director
$0 $0 $0
T RANN PAYNTER MEMBER 1.00
Director
$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 $853,534 $255,667 $10,401,498 $597,867
2023 $434,366 $266,497 $8,559,160 $167,869
2022 $657,763 $290,367 $8,682,125 $367,396
2021 $784,334 $264,682 $9,416,652 $519,652
2020 $351,695 $505,216 $7,655,586 $-153,521
2019 $737,144 $315,480 $7,913,851 $421,664
2018 $728,514 $275,665 $6,911,399 $452,849
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