SOFTEC EDUCATION INC

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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

2025-01-01 to 2025-12-31

SOFTEC EDUCATION INC, founded in 2018, is a micro nonprofit in the Education sector that reported $22K in total revenue in fiscal year 2025. Revenue fell 145% 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.

Program Service Accomplishments

Program 1

Expenses: $2,969

VIRTUAL REALITY TRAINING ON HEAVY EQUIPMENT, CNC MACHINE & INDUSTRIAL WELDING SIMULATORS TO TEACH AND DEVELOP SKILLS NEEDED TO OPERATE SAID EQUIPMENT SAFELY AND EFFECTIVELY IN A MUCH SMALLER AMOUNT...

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-28,990

Other Revenue $7,235

TOTAL REVENUE $-21,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,412

Other Expenses $12,122

TOTAL EXPENSES $12,122

Year-over-Year Comparison

	2025	2024	Change
Revenue	$-21,755	$48,585	-1.4%
Expenses	$12,122	$51,265	-0.8%
Net Income	$-33,877	$-2,680	+11.6%

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
2025	$-21,755	$12,122	No data	$-33,877
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