DAKOTA COUNTY TECHNICAL COLLEGE FO… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

KIMBERLY SHAFF

Phone

6514238236

Tax Period

2024-07-01 to 2025-06-30

DAKOTA COUNTY TECHNICAL COLLEGE FOUNDATION, founded in 1983, is a small nonprofit that reported $588K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $757K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE DCTC FOUNDATION'S MISSION IS TO FOSTER STUDENT SUCCESS AND ELEVATE THE ACADEMIC EXPERIENCE AT DAKOTA COUNTY TECHNICAL COLLEGE BY SECURING RESOURCES THROUGH STRONG PARTNERSHIPS WITH EMPLOYERS, ALUMNI, AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $433,158

PROVIDE ASSISTANCE TO STUDENTS THROUGH SCHOLARSHIPS

Program 2

Expenses: $264,228

PROVIDE ASSISTANCE TO DCTC THROUGH PROGRAM EQUIPMENT AND OTHER DCTC PROGRAM SUPPORT

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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 $541,778

Program Service Revenue $0

Investment Income $42,030

Other Revenue $4,300

TOTAL REVENUE $588,108

Expense Breakdown

Grants Paid $675,811

Salaries & Benefits $0

Fundraising Expenses $8,361

Program Expenses $697,386

Other Expenses $80,833

TOTAL EXPENSES $756,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,108	$846,862	-0.3%
Expenses	$756,644	$1,058,703	-0.3%
Net Income	$-168,536	$-211,841	-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

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

$129,173

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN ENGEL	CHAIR	1.00	Officer Director	$0	$0	$0
KIRSTIN SERSLAND	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE WESTERENG	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT KADRLIK	TREASURER	1.00	Officer Director	$0	$0	$0
JEANNETTE APPOLD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL BAHMA	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BJORKLUND	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGIE BORER	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN O'GARA	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF SCHOENECKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN SJOLSETH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANKO TAMBAH	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY ANNE SHAFF	FOUNDATION EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$129,173

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	$588,108	$756,644	$8,389,737	$-168,536
2024	$846,862	$1,058,703	$7,615,309	$-211,841
2023	$1,438,777	$932,342	$7,035,895	$506,435
2022	$1,074,953	$971,125	$6,103,150	$103,828
2021	$717,332	$532,224	$6,523,135	$185,108
2020	$786,409	$515,240	$5,186,373	$271,169
2019	$734,458	$561,746	$4,908,098	$172,712
2018	$727,797	$548,712	$4,452,427	$179,085

DAKOTA COUNTY TECHNICAL COLLEGE FOUNDATION