Peru State College Foundation

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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

1955

Legal Domicile

Phone

4028722342

Tax Period

2024-01-01 to 2024-12-31

Peru State College Foundation, founded in 1955, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 171% operating deficit.

Mission

THE MISSION OF THE PERU STATE COLLEGE FOUNDATION IS TO PROVIDE ASSISTANCE AND SUPPORT FOR PERU STATE COLLEGE, A FOUR-YEAR LIBERAL ARTS INSTITUTION, ESTABLISHED IN 1867 AS NEBRASKA'S FIRST PUBLIC INSTITUTION OF HIGHER EDUCATION. WITH MORE THAN 24,000 ALUMNI AND FRIENDS AND MORE THAN TWENTY MILLION IN NET ASSETS, THE PSC FOUNDATION ASSISTS THE COLLEGE IN ACHIEVING ITS MISSION OF PROVIDING QUALITY EDUCATION, PROGRAMS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $2,442,581

PROVIDE PERU STATE COLLEGE EDUCATIONAL AND ADMINISTRATIVE DEPARTMENTS WITH GRANTS FOR EQUIPMENT AND OPERATING PURPOSES.

Program 2

Expenses: $759,474

PROVIDE SCHOLARSHIPS TO QUALIFYING PERU STATE COLLEGE STUDENTS.

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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 $899,160

Program Service Revenue $0

Investment Income $463,339

Other Revenue $51,145

TOTAL REVENUE $1,413,644

Expense Breakdown

Grants Paid $3,202,055

Salaries & Benefits $315,071

Fundraising Expenses $239,932

Program Expenses $3,202,055

Other Expenses $316,841

TOTAL EXPENSES $3,833,967

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,413,644	$3,037,751	-0.5%
Expenses	$3,833,967	$1,379,712	+1.8%
Net Income	$-2,420,323	$1,658,039	-2.5%

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

$59,453

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL URWIN	SECRETARY	1.0	Officer Director	$0	$0	$0
CINDY HOFFMAN	CO-TREASURER	1.0	Officer Director	$0	$0	$0
ELTON EDMOND	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JEFF GREENWALD	CHAIR	1.0	Officer Director	$0	$0	$0
JEFF SMITH	CO-TREASURER	1.0	Officer Director	$0	$0	$0
ROBIN SMITH	CO-TREASURER	1.0	Officer Director	$0	$0	$0
TIM HOFFMAN	CO-TREASURER	1.0	Officer Director	$0	$0	$0
Alec Gorynski	Director	1.0	Director	$0	$0	$0
CONNIE EDMOND	DIRECTOR	1.0	Director	$0	$0	$0
Dr Daniel DeFreece	Director	1.0	Director	$0	$0	$0
FRITZ STEHLIK	DIRECTOR	1.0	Director	$0	$0	$0
IVAN WINEGLASS	DIRECTOR	1.0	Director	$0	$0	$0
JULIE BAUMAN	DIRECTOR	1.0	Director	$0	$0	$0
LORI SEIBEL	DIRECTOR	1.0	Director	$0	$0	$0
MIKE GERDES	DIRECTOR	1.0	Director	$0	$0	$0
TED L HARSHBARGER	EXECUTIVE DIRECTOR	24.0	Officer	$0	$321	$59,453

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	$1,413,644	$3,833,967	$21,812,388	$-2,420,323
2023	$3,037,751	$1,379,712	$22,284,093	$1,658,039
2022	$1,356,756	$1,307,148	$18,421,691	$49,608
2021	$2,387,281	$966,416	$22,198,844	$1,420,865
2020	$1,587,551	$805,753	$20,047,365	$781,798
2019	$3,269,281	$1,248,941	$17,839,380	$2,020,340
2018	$1,839,836	$1,358,098	$13,844,612	$481,738