DAKOTA COUNTY TECHNICAL COLLEGE FOUNDATION

EIN: 411488605 501(c)(3)

ROSEMOUNT, MN

Total Revenue
$588,108
Total Expenses
$756,644
Total Assets
$8,389,737
Net Assets
$6,860,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MN
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

UTILIZE BOARD STRENGTHS AND COMMUNITY CONNECTIONS TO INFLUENCE DCTC IN MAINTAINING RELEVANCY & ATTRACTING & RETAINING STUDENTS WHILE SUPPORTING THEIR RESOURCE & FINANCIAL NEEDS OF CURRENT AND FUTURE STUDENTS IN A MEANINGFUL & SUSTAINABLE WAY.

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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 (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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
76

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
5
$129,173
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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