MITCHELL TECHNICAL COLLEGE FOUNDATION

EIN: 460452950 501(c)(3) Education

MITCHELL, SD

Total Revenue
$1,677,622
Total Expenses
$1,339,932
Total Assets
$7,208,704
Net Assets
$7,208,704
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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
1999
Legal Domicile
SD
Principal Officer
MIKE SPRANG
Phone
6059953022
Tax Period
2024-07-01 to 2025-06-30

MITCHELL TECHNICAL COLLEGE FOUNDATION, founded in 1999, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $338K, a strong 20% operating margin.

Mission

SUPPORT MITCHELL TECHNICAL COLLEGE IN PROVIDING STUDENTS THE SKILLS FOR SUCCESS IN TECHNICAL CAREERS. THIS IS DONE THROUGH SCHOLARSHIPS FOR STUDENTS AND ACQUISITIONS OF UPDATED EQUIPMENT AND TOOLS TO ENSURE UPDATED CURRICULUM IN ALL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $1,133,441

THE FOUNDATION PROVIDED SUPPORT TO THE PROGRAMS AND INSTRUCTORS OF MITCHELL TECHNICAL COLLEGE WITH BOTH CASH AND NONCASH AWARDS.

Program 2
Expenses: $155,673

THE FOUNDATION AWARDED 159 SCHOLARSHIPS TO STUDENTS ENROLLED AT MITCHELL TECHNICAL COLLEGE

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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 $1,447,684
Program Service Revenue $0
Investment Income $229,938
Other Revenue $0
TOTAL REVENUE $1,677,622

Expense Breakdown

Grants Paid $1,289,114
Salaries & Benefits $0
Fundraising Expenses $12,290
Program Expenses $1,289,114
Other Expenses $50,818
TOTAL EXPENSES $1,339,932

Year-over-Year Comparison

2024 2023 Change
Revenue $1,677,622 $1,778,454 -0.1%
Expenses $1,339,932 $1,832,645 -0.3%
Net Income $337,690 $-54,191 -7.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRENT DOWLING VICE CHAIR N/A
Officer Director
$0 $0 $0
NICOLE GERLACH TRUSTEE N/A
Director
$0 $0 $0
STACY GIBLIN TRUSTEE N/A
Director
$0 $0 $0
TYLER KLUMB TRUSTEE N/A
Director
$0 $0 $0
JOSH LAWSON TRUSTEE N/A
Director
$0 $0 $0
MIKE POGANY TRUSTEE N/A
Director
$0 $0 $0
DEVON RUSSELL TRUSTEE N/A
Director
$0 $0 $0
TERRY SABERS SECRETARY/ T N/A
Officer Director
$0 $0 $0
JAY SPAANS TRUSTEE N/A
Director
$0 $0 $0
MIKE SPRANG CHAIR N/A
Officer Director
$0 $0 $0
JARED HOFER EX-OFFICIO N/A
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 $1,677,622 $1,339,932 $7,208,704 $337,690
2024 $1,778,454 $1,832,645 $6,476,610 $-54,191
2023 $1,672,744 $1,221,811 $6,228,868 $450,933
2022 $1,773,280 $1,531,311 $5,563,880 $241,969
2021 $982,845 $1,007,592 $5,929,006 $-24,747
2020 $2,166,536 $2,396,283 $4,556,859 $-229,747
2019 $1,648,031 $1,250,921 $5,018,880 $397,110
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