SOUTHEAST TECHNICAL INSTITUTE HOUSING FOUNDATION (EIN 462014496) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

LARRY LUETKE

Phone

6053675751

Tax Period

2024-01-01 to 2024-12-31

SOUTHEAST TECHNICAL INSTITUTE HOUSING FOUNDATION, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2018. The organization ran a surplus of $157K, a strong 15% operating margin.

Mission

DEVELOP, OWN, MANAGE AND OPERATE STUDENT HOUSING EXCLUSIVELY FOR THE BENEFIT OF SOUTHEAST TECHNICAL INSTITUTE, A PUBLIC INSTITUTION, OR ORGANIZATIONS CLOSELY RELATED IN PURPOSE TO SOUTHEAST TECHNICAL INSTITUTE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,152,394

Investment Income $44,615

Other Revenue $62,108

TOTAL REVENUE $1,259,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,155,906

Other Expenses $1,168,632

TOTAL EXPENSES $1,168,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,259,117	$1,119,419	+0.1%
Expenses	$1,168,632	$1,000,890	+0.2%
Net Income	$90,485	$118,529	-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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY LUETKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JARED NESJE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KYLE KUNDE	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
KENT ALBERTY	MEMBER	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
2024	$1,259,117	$1,168,632	$4,109,481	$90,485
2023	$1,119,419	$1,000,890	$3,909,922	$118,529
2022	$1,090,164	$885,410	$3,865,095	$204,754
2021	$1,057,444	$852,516	$3,866,685	$204,928
2020	$869,814	$871,918	$3,885,930	$-2,104
2019	$1,017,690	$901,618	$4,117,254	$116,072
2018	$1,018,318	$861,422	$4,188,636	$156,896

SOUTHEAST TECHNICAL INSTITUTE HOUSING FOUNDATION