Kansas Independent College Foundat… - Form 990 Financial Data

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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

1952

Legal Domicile

Principal Officer

Matthew E Lindsey

Phone

9134844706

Tax Period

2023-07-01 to 2024-06-30

Kansas Independent College Foundation, founded in 1952, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $229K, a strong 16% operating margin.

Mission

KICF develops, promotes, and directs unified approaches to selected corporations, foundations, and individuals for financial support of our member institutions.

Program Service Accomplishments

Program 1

Expenses: $193,490 Revenue: $8,280

A range of activities to strengthen 21 member colleges, including financial support, student aid, improved administrative services, professional development for faculty/staff.

Program 2

Expenses: $953,683 Revenue: $943,525

KICF offers a consortium-based vendor contract for Enterprise Resource Planning software for participating member campuses, coordinates training and support activities for that software system across multiple campuses, and serves as a lead point of contact for troubleshooting and system updates.

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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 (2023)

Revenue Breakdown

Contributions & Grants $396,223

Program Service Revenue $943,525

Investment Income $112,055

Other Revenue $8,280

TOTAL REVENUE $1,460,083

Expense Breakdown

Grants Paid $116,063

Salaries & Benefits $67,712

Fundraising Expenses $7,488

Program Expenses $1,147,173

Other Expenses $1,046,950

TOTAL EXPENSES $1,230,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,460,083	$1,132,362	+0.3%
Expenses	$1,230,725	$1,134,213	+0.1%
Net Income	$229,358	$-1,851	-124.9%

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

N/A

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

$190,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Msgr Stuart Swetland	Chairperson	1.00	Officer Director	$0	$0	$0
Dr Kathleen Jagger	Vice Chairperson	1.00	Officer Director	$0	$0	$0
Dr Jon Gering	Secretary-Treasurer (Beg. March 2024)	1.00	Officer Director	$0	$0	$0
Dr Reggies Wenyika	Secretary-Treasurer (Thru March 2024)	1.00	Officer Director	$0	$0	$0
Dr Michael P Schneider	Trustee	1.00	Director	$0	$0	$0
Kevin Ingram	Trustee	1.00	Director	$0	$0	$0
Dr Lynne Murray	Trustee	1.00	Director	$0	$0	$0
Dr David Spittal	Trustee	1.00	Director	$0	$0	$0
Dr Royce Frazier	Trustee	1.00	Director	$0	$0	$0
Dr Amy Bragg Carey	Trustee	1.00	Director	$0	$0	$0
Stephen Minnis	Trustee	1.00	Director	$0	$0	$0
Dr Ross Peterson-Veatch	Trustee	1.00	Director	$0	$0	$0
Dr Matthew Thompson	Trustee	1.00	Director	$0	$0	$0
Dr Leonard Favara	Trustee	1.00	Director	$0	$0	$0
Dr Elizabeth Frombgen	Trustee	1.00	Director	$0	$0	$0
Dr Scott Rich	Trustee	1.00	Director	$0	$0	$0
Dr David Janzen	Trustee	1.00	Director	$0	$0	$0
Dr Diane Steele	Trustee	1.00	Director	$0	$0	$0
Dr Carl Cleveland III	Trustee	1.00	Director	$0	$0	$0
Dr Steve Eckman	Trustee	1.00	Director	$0	$0	$0
Dr Bambi Burgard	Trustee	1.00	Director	$0	$0	$0
Chad Pollard	Trustee	1.00	Director	$0	$0	$0
Matthew E Lindsey	Executive Director	40.00	Officer	$0	$14,080	$190,080

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	$1,460,083	$1,230,725	$1,925,775	$229,358
2023	$1,132,362	$1,134,213	$1,397,038	$-1,851
2022	$1,116,903	$1,134,643	$1,415,604	$-17,740
2021	$1,591,426	$1,608,432	$1,910,060	$-17,006
2020	$1,367,419	$1,377,386	$1,466,963	$-9,967
2019	$1,585,601	$1,286,356	$1,501,966	$299,245

Kansas Independent College Foundation