Itasca Community College Foundation (EIN 410991901) - 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

1988

Legal Domicile

Principal Officer

Charles Black

Phone

2183222451

Tax Period

2024-07-01 to 2025-06-30

Itasca Community College Foundation, founded in 1988, is a small nonprofit in the Education sector that reported $749K in total revenue in fiscal year 2024. The organization ran a surplus of $221K, a strong 29% operating margin.

Mission

The ICC Foundation hosts over 100 scholarship funds which provided over $125,000 in direct financial support to Itasca students.

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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 (2024)

Revenue Breakdown

Contributions & Grants $469,634

Program Service Revenue $0

Investment Income $279,141

Other Revenue $0

TOTAL REVENUE $748,775

Expense Breakdown

Grants Paid $316,339

Salaries & Benefits $84,126

Fundraising Expenses $26,861

Program Expenses $401,786

Other Expenses $127,474

TOTAL EXPENSES $527,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$748,775	$696,604	+0.1%
Expenses	$527,939	$410,978	+0.3%
Net Income	$220,836	$285,626	-0.2%

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

$70,053

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kirk Adams	Chair	1.00	Officer Director	$0	$0	$0
Mike Chandler	Vice Chair	1.00	Officer Director	$0	$0	$0
Diane Weber	Treasurer	1.00	Officer Director	$0	$0	$0
Jenna Carlson Jahn	Secretary	1.00	Officer Director	$0	$0	$0
Michelle Carlson	Director	1.00	Director	$0	$0	$0
Cory Jackson	Director	1.00	Director	$0	$0	$0
Tom Saxhaug	Director	1.00	Director	$0	$0	$0
Patrick Mathias	Director	1.00	Director	$0	$0	$0
Steve Wright	Director	1.00	Director	$0	$0	$0
Charles Black	Executive Director	40.00	Officer	$70,053	$0	$70,053

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	$748,775	$527,939	$6,425,804	$220,836
2024	$696,604	$410,978	$5,852,843	$285,626
2023	$488,996	$454,710	$5,277,046	$34,286
2022	$-301,295	$419,027	$4,845,985	$-720,322
2021	$931,890	$2,099,045	$5,564,379	$-1,167,155
2020	$3,235,707	$3,566,078	$5,592,088	$-330,371
2019	$848,822	$400,000	$5,971,590	$448,822

Itasca Community College Foundation