HANKINSON EDUCATION FOUNDATION

EIN: 811325430 501(c)(3) Education

HANKINSON, ND

Total Revenue
$68,407
Total Expenses
$90,272
Total Assets
$799,227
Net Assets
$799,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
ND
Principal Officer
DARWIN KRATCHA
Phone
7012427802
Tax Period
2024-01-01 to 2024-12-31

HANKINSON EDUCATION FOUNDATION, founded in 2016, is a micro nonprofit in the Education sector that reported $68K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $90K exceeded revenue, resulting in a 32% operating deficit.

Mission

FORMED TO HELP FOSTER IN HANKINSON PUBLIC SCHOOL STUDENTS AND GRADUATES ACADEMIC EXCELLENCE SELF CONFIDENCE INTEGRITY GOOD VALUE SYSTEM PASSION FOR LEARNING PERSONALITY DEVELOPOMENT TEAMWORK SCHOOL ENTHUSIASM UNITY AND TO ENDEAVOR TO MAKE THEM INTO WELL-ROUNDED RESPONSIBLE ADULTS

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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 $0
Program Service Revenue $0
Investment Income $68,407
Other Revenue $0
TOTAL REVENUE $68,407

Expense Breakdown

Grants Paid $87,815
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $88,927
Other Expenses $2,457
TOTAL EXPENSES $90,272

Year-over-Year Comparison

2024 2023 Change
Revenue $68,407 $56,608 +0.2%
Expenses $90,272 $42,536 +1.1%
Net Income $-21,865 $14,072 -2.6%
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
7
Independent Members
7
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
4
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK FOERTSCH DIRECTOR 1.00
Director
$0 $0 $0
JASON SEMERAD DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY WAHLER DIRECTOR 1.00
Director
$0 $0 $0
DARWIN KRATCHA PRESIDENT 1.00
Officer
$0 $0 $0
JEFF STEIN VICE PRESIDENT 1.00
Officer
$0 $0 $0
DIANE MAUCH SECRETARY 1.00
Officer
$0 $0 $0
KRISTI JEAN 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
2024 $68,407 $90,272 $799,227 $-21,865
2023 $56,608 $42,536 $800,755 $14,072
2022 $39,279 $62,448 $770,284 $-23,169
2021 $48,637 $47,184 $894,598 $1,453
2020 $27,352 $61,065 $796,102 $-33,713
2019 $36,775 $43,403 $805,200 $-6,628
2018 $40,783 $76,476 $739,150 $-35,693
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