DUNWOODY COLLEGE OF TECHNOLOGY

EIN: 410693856 501(c)(3) Education

MINNEAPOLIS, MN

Total Revenue
$54,776,139
Total Expenses
$42,540,415
Total Assets
$123,800,611
Net Assets
$115,390,697
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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
1914
Legal Domicile
MN
Principal Officer
JEFF WILHELMI
Phone
6123745800
Tax Period
2023-07-01 to 2024-06-30

DUNWOODY COLLEGE OF TECHNOLOGY, founded in 1914, is a mid-sized nonprofit in the Education sector that reported $54.8M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $12.2M, a strong 22% operating margin.

Mission

DUNWOODY OFFERS ONE, TWO, AND FOUR YEAR DEGREES THAT LEAD TO IMMEDIATE JOBS AND GREAT CAREERS.

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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 $15,924,754
Program Service Revenue $35,232,924
Investment Income $3,437,788
Other Revenue $180,673
TOTAL REVENUE $54,776,139

Expense Breakdown

Grants Paid $4,253,238
Salaries & Benefits $22,355,203
Fundraising Expenses $1,946,133
Program Expenses $32,197,198
Other Expenses $15,837,950
TOTAL EXPENSES $42,540,415

Year-over-Year Comparison

2023 2022 Change
Revenue $54,776,139 $68,146,431 -0.2%
Expenses $42,540,415 $39,591,054 +0.1%
Net Income $12,235,724 $28,555,377 -0.6%
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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Governance

Voting Members
29
Independent Members
28
Employees
383
Volunteers
575

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
8
$1,132,392
Total Directors
29
$512,248
Key Employees
3
$616,836
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD WAGNER PRESIDENT 40.00
Officer Director
$399,296 $112,952 $512,248
NANCY M DAHL BOARD CHAIR 1.00
Officer Director
$0 $0 $0
KIMBERLY A RANDOLPH VICE CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
THEODORE J CHRISTIANSON TREASURER OF THE BOARD 1.00
Officer Director
$0 $0 $0
CINDY W ROBIN SECRETARY OF THE BOARD 1.00
Officer Director
$0 $0 $0
BERNARD P ALDRICH TRUSTEE 1.00
Director
$0 $0 $0
BARBARA BALINSKI TRUSTEE 1.00
Director
$0 $0 $0
ROBERT BODOR TRUSTEE 1.00
Director
$0 $0 $0
HUTCHINS B COBURN TRUSTEE 1.00
Director
$0 $0 $0
JAMES D ENGELSMA TRUSTEE 1.00
Director
$0 $0 $0
CLAIRE M FERRARA TRUSTEE 1.00
Director
$0 $0 $0
LAURA K GRAF TRUSTEE 1.00
Director
$0 $0 $0
ANDREW R HECKER TRUSTEE 1.00
Director
$0 $0 $0
KAREN A ISAACSON TRUSTEE 1.00
Director
$0 $0 $0
ARTHUR W JOHNSON TRUSTEE (THRU 10/23) 1.00
Director
$0 $0 $0
THOMAS M KIEFFER TRUSTEE 1.00
Director
$0 $0 $0
VELMA J KORBEL TRUSTEE 1.00
Director
$0 $0 $0
DAVID M LYMAN TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM J MATEIKIS TRUSTEE 1.00
Director
$0 $0 $0
BONNIE S MCGRATH TRUSTEE 1.00
Director
$0 $0 $0
DALE A NORDQUIST TRUSTEE 1.00
Director
$0 $0 $0
JULIE A OWEN TRUSTEE 1.00
Director
$0 $0 $0
JON L REISSNER TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY S SCHIPPER TRUSTEE 1.00
Director
$0 $0 $0
HILLERY SHAY TRUSTEE 1.00
Director
$0 $0 $0
MARK G SHERRY TRUSTEE 1.00
Director
$0 $0 $0
STEVEN A SONNENBERG TRUSTEE 1.00
Director
$0 $0 $0
GREGG E STEDRONSKY TRUSTEE 1.00
Director
$0 $0 $0
MAUREEN A THOLEN TRUSTEE 1.00
Director
$0 $0 $0
TAMMY HUDDLE-MCGEE CFO (THRU 2/24) 40.00
Officer
$225,250 $19,657 $244,907
SCOTT STALLMAN PROVOST 40.00
Officer
$206,023 $19,792 $225,815
JEFF WILHELMI CFO (AS OF 2/24) 40.00
Officer
$141,872 $7,550 $149,422
BRIAN NELSON VP OF INSTITUTIONAL ADVANCEMENT 40.00
Key Emp
$192,605 $39,101 $231,706
CINDY OLSON VP OF ENROLLMENT MANAGEMENT 40.00
Key Emp
$166,496 $31,986 $198,482
PATRICIA EDMAN VP OF HUMAN RESOURCES 40.00
Key Emp
$167,309 $19,339 $186,648
COLLEEN J NORTON SENIOR DIRECTOR OF LEADERSHIP GIVING 40.00
Highest
$142,258 $19,464 $161,722
JULIE E MCFADDEN DIRECTOR, COMPUTER TECHNOLOGY PROGRAMS 40.00
Highest
$146,194 $8,296 $154,490
MARK ANDERSON CHIEF TECHNOLOGY OFFICER 40.00
Highest
$133,029 $32,695 $165,724
ANTHONY T BULLEN ACADEMIC DEAN 40.00
Highest
$137,082 $17,806 $154,888
EVERETTE DAIGLE ACADEMIC DEAN 40.00
Highest
$135,747 $17,741 $153,488
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 $54,776,139 $42,540,415 $123,800,611 $12,235,724
2023 $68,146,431 $39,591,054 $108,600,351 $28,555,377
2022 $53,531,769 $37,825,093 $75,471,326 $15,706,676
2021 $40,069,451 $33,701,967 $65,895,900 $6,367,484
2020 $39,159,025 $31,941,614 $58,463,238 $7,217,411
2019 $33,324,380 $30,556,094 $50,755,950 $2,768,286
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