HENNEPIN TECHNICAL COLLEGE FOUNDATION

EIN: 411943149 501(c)(3) Education

BROOKLYN PARK, MN

Total Revenue
$1,977,153
Total Expenses
$2,107,011
Total Assets
$2,955,801
Net Assets
$2,932,400
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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
1998
Legal Domicile
MN
Principal Officer
PATRICIA ANDERSEN
Phone
7634882426
Tax Period
2024-07-01 to 2025-06-30

HENNEPIN TECHNICAL COLLEGE FOUNDATION, founded in 1998, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RESOURCES THAT SUPPORT CAREER AND TECHNICAL EDUCATION FOR EMPLOYMENT AND ADVANCEMENT IN AN EVER-CHANGING GLOBAL ENVIRONMENT.

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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 $1,903,030
Program Service Revenue $0
Investment Income $74,123
Other Revenue $0
TOTAL REVENUE $1,977,153

Expense Breakdown

Grants Paid $2,041,732
Salaries & Benefits $0
Fundraising Expenses $3,425
Program Expenses $2,041,732
Other Expenses $65,279
TOTAL EXPENSES $2,107,011

Year-over-Year Comparison

2024 2023 Change
Revenue $1,977,153 $1,709,517 +0.2%
Expenses $2,107,011 $1,687,084 +0.2%
Net Income $-129,858 $22,433 -6.8%
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
11
Independent Members
11
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY HRUBY TREASURER 3.00
Officer Director
$0 $0 $0
PATRICIA ANDERSEN BOARD PRESIDENT 3.00
Officer Director
$0 $0 $0
TIM FARLEY DIRECTOR 3.00
Director
$0 $0 $0
JUDY FESENMAIER DIRECTOR 3.00
Director
$0 $0 $0
SATASHA GREEN-STEPHEN DIRECTOR 3.00
Director
$0 $0 $0
BAILEY RUONA VICE CHAIR 3.00
Officer Director
$0 $0 $0
ANNETTE LUND DIRECTOR 3.00
Director
$0 $0 $0
ERNIE PARKER DIRECTOR 3.00
Director
$0 $0 $0
AMANDA GREGORY DIRECTOR 3.00
Director
$0 $0 $0
MIKE DECAMP DIRECTOR 3.00
Director
$0 $0 $0
KATE TRAFTON DIRECTOR 3.00
Director
$0 $0 $0
ALISON FORBS EXECUTIVE DIRECTOR 40.00
Officer
$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 $1,977,153 $2,107,011 $2,955,801 $-129,858
2024 $1,709,517 $1,687,084 $2,882,721 $22,433
2023 $1,938,154 $1,807,355 $2,872,932 $130,799
2022 $1,171,808 $1,446,340 $2,482,365 $-274,532
2021 $952,026 $706,186 $3,022,858 $245,840
2020 $1,421,964 $1,265,537 $2,561,165 $156,427
2019 $1,397,759 $989,069 $2,353,634 $408,690
2018 $1,037,229 $903,029 $1,910,859 $134,200
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