WESTERN IOWA TECH COMMUNITY COLLEGE FOUNDATION (EIN 421355682) - 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

1993

Legal Domicile

Principal Officer

BRIAN SMITH

Phone

7122746400

Tax Period

2024-07-01 to 2025-06-30

WESTERN IOWA TECH COMMUNITY COLLEGE FOUNDATION, founded in 1993, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $507K, a strong 26% operating margin.

Mission

TO PROVIDE SUPPORT TO WESTERN IOWA TECH COMM COLLEGE AND RELATED ORGANIZATIONS TO ASSIST IN THE FULFILLMENT OF LOCAL EDUCATIONAL GOALS.

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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 $1,561,024

Program Service Revenue $0

Investment Income $378,504

Other Revenue $0

TOTAL REVENUE $1,939,528

Expense Breakdown

Grants Paid $1,250,587

Salaries & Benefits $0

Fundraising Expenses $182,360

Program Expenses $1,250,587

Other Expenses $182,360

TOTAL EXPENSES $1,432,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,939,528	$1,986,756	0.0%
Expenses	$1,432,947	$1,295,457	+0.1%
Net Income	$506,581	$691,299	-0.3%

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

$103,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS ROCKLIN	MEMBER	1.00	Director	$0	$0	$0
DON CLAEYS	MEMBER	1.00	Director	$0	$0	$0
TERRY MURRELL	MEMBER	1.00	Director	$0	$0	$0
DR ROBERT DUNKER	MEMBER	1.00	Director	$0	$0	$0
KEITH OBERMILLER	MEMBER	1.00	Director	$0	$0	$0
DIRK LOHRY	MEMBER	1.00	Director	$0	$0	$0
RON YOCKEY	MEMBER	1.00	Director	$0	$0	$0
PAUL BERGMANN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRICIA SUTHERLAND	BOARD LIASON	1.00	Director	$0	$0	$0
JAMES OLSON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
THERESA PETTY	SECRETARY	1.00	Officer Director	$0	$0	$0
BRENDA PERRIN	MEMBER	1.00	Director	$0	$0	$0
MATT PFISTER	EXECUTIVE DIRECTOR	40.00	Officer	$103,390	$0	$103,390
BRIAN SMITH	TREASURER	1.00	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	$1,939,528	$1,432,947	$10,590,899	$506,581
2024	$1,986,756	$1,295,457	$9,588,092	$691,299
2023	$1,421,265	$802,531	$8,014,861	$618,734
2022	$1,012,918	$813,372	$6,873,537	$199,546
2021	$1,350,516	$986,912	$7,588,662	$363,604
2020	$1,250,046	$1,171,469	$6,081,289	$78,577
2019	$1,666,775	$958,784	$5,843,141	$707,991

WESTERN IOWA TECH COMMUNITY COLLEGE FOUNDATION