SOFTEC EDUCATION INC (EIN 822164004) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

BRUCE ALLEN

Phone

7153497545

Tax Period

2024-01-01 to 2024-12-31

SOFTEC EDUCATION INC, founded in 2018, is a micro nonprofit in the Education sector that reported $49K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

SOFTEC EDUCATION, INC'S MISSION IS TO PROVIDE A COORDINATED AND COLLABORATIVE EDUCATIONAL TRAINING CENTER PREGRAM IN THE ECONOMICALLY DEPRESSED NORTHERN COUNTIES, SPECIFICALLY BURNETT AND THE SURROUNDING COUNTIES, OF THE STATE OF WISCONSIN, TO PRIMARILY UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS.

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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 $38,683

Program Service Revenue $0

Investment Income $21

Other Revenue $9,881

TOTAL REVENUE $48,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,009

Other Expenses $51,265

TOTAL EXPENSES $51,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,585	$108,982	-0.6%
Expenses	$51,265	$104,773	-0.5%
Net Income	$-2,680	$4,209	-1.6%

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

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
BRUCE ALLEN	PRESIDENT/SE	N/A	Officer Director	$0	$0	$0
JERRY TISCHER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
GARY GERDS	DIRECTOR	N/A	Director	$0	$0	$0
THELMA JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
BILL O'NIELL	DIRECTOR	N/A	Director	$0	$0	$0
JONI ANDERSON	DIRECTOR	N/A	Director	$0	$0	$0
GLORIA MEYER	EXECUTIVE DI	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
2024	$48,585	$51,265	$128,068	$-2,680
2023	$108,982	$104,773	$141,117	$4,209
2022	$74,397	$86,186	$153,961	$-11,789
2021	$229,953	$245,118	$202,414	$-15,165

SOFTEC EDUCATION INC