FERGUS AREA COLLEGE FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

LANNY HENDRICKSON

Phone

2187391514

Tax Period

2023-07-01 to 2024-06-30

FERGUS AREA COLLEGE FOUNDATION, founded in 1966, is a small nonprofit in the Education sector that reported $633K in total revenue in fiscal year 2023. The organization ran a surplus of $243K, a strong 38% operating margin.

Mission

THROUGH THE SUPPORT OF DONORS, FERGUS AREA COLLEGE FOUNDATION PROVIDES RESOURCES TO ENRICH LEARNING, LIVING, WORKING AND SERVING.

Program Service Accomplishments

Program 1

Expenses: $196,630

SCHOLARSHIPS TO MSCTC STUDENTS TO DEFRAY THEIR EDUCATIONAL EXPENSES. STUDENTS RECIEVED AWARDS RANGING FROM 500 TO 5000.

Program 2

Expenses: $53,791

SPECIAL PURPOSE GRANTS AND SUPPORT TO THE COLLEGE COMMUNITY IN THE AREAS OF ACADEMICS, FINE ARTS, ATHLETICS, STUDENT ACTIVITIES, FACILITY ENHANCEMENT, ANNUAL BIGWOOD LECTURE SERIES, BOOSTER CLUB...

SPECIAL PURPOSE GRANTS AND SUPPORT TO THE COLLEGE COMMUNITY IN THE AREAS OF ACADEMICS, FINE ARTS, ATHLETICS, STUDENT ACTIVITIES, FACILITY ENHANCEMENT, ANNUAL BIGWOOD LECTURE SERIES, BOOSTER CLUB ACTIVITIES, AND GRADUATION AWARDS & RECOGNITION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $379,863

Program Service Revenue $0

Investment Income $253,492

Other Revenue $0

TOTAL REVENUE $633,355

Expense Breakdown

Grants Paid $211,458

Salaries & Benefits $0

Fundraising Expenses $103,223

Program Expenses $250,421

Other Expenses $178,443

TOTAL EXPENSES $389,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$633,355	$636,942	0.0%
Expenses	$389,901	$533,184	-0.3%
Net Income	$243,454	$103,758	+1.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MACKENZIE BARRY	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL LUNDEEN	DIRECTOR	1.00	Director	$0	$0	$0
KENT MATTSON	DIRECTOR	1.00	Director	$0	$0	$0
LANNY HENDRICKSON	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE WALLS	DIRECTOR	1.00	Director	$0	$0	$0
GAIL HEDSTROM	DIRECTOR	1.00	Director	$0	$0	$0
TONY RENDZ	DIRECTOR	1.00	Director	$0	$0	$0
WALLY SENYK	DIRECTOR	1.00	Director	$0	$0	$0
ERIN SMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF STANISLAWSKI	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
PEG KALAR	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2024	$633,355	$389,901	$7,826,734	$243,454
2023	$636,942	$533,184	$7,038,384	$103,758
2022	$750,954	$617,667	$6,608,917	$133,287
2021	$1,540,639	$434,855	$7,550,046	$1,105,784
2020	$247,277	$401,450	$6,315,037	$-154,173
2019	$1,059,071	$932,182	$6,349,653	$126,889