CASCADIA TECHNICAL ACADEMY FOUNDAT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

DAVE COLE

Tax Period

2024-01-01 to 2024-12-31

CASCADIA TECHNICAL ACADEMY FOUNDATION, founded in 1991, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $398K, a strong 24% operating margin.

Mission

TO PROVIDE RESOURCES, OVER AND ABOVE PUBLIC FUNDING, NECESSARY FOR CASCADIA TECHNICAL ACADEMY STUDENTS TO DEVELOP COMPETITIVE KNOWLEDGE AND SKILLS FOR LEARNING, CAREER AND LIFE.

Program Service Accomplishments

Program 1

Expenses: $980,996

NEW HOUSE CONSTRUCTION: SUPPORTS OUR CONSTRUCTION PROGRAM WITH AN ANNUAL STUDENT-BUILT HOUSE PROJECT. EXPENSES INCLUDE: PURCHASE OF PROPERTIES, DEVELOPMENT AND PERMITTING FEES, BUILDING SUPPLIES...

NEW HOUSE CONSTRUCTION: SUPPORTS OUR CONSTRUCTION PROGRAM WITH AN ANNUAL STUDENT-BUILT HOUSE PROJECT. EXPENSES INCLUDE: PURCHASE OF PROPERTIES, DEVELOPMENT AND PERMITTING FEES, BUILDING SUPPLIES, CONTRACT LABOR, SUB CONTRACTOR FEES AND OTHER MISC. EXPENSES ASSOCIATED WITH BUILDING AND SELLING A HOME.

Program 2

Expenses: $74,256

STUDENT SUPPORT: ASSIST STUDENTS WHO CANNOT PAY FOR FEES AND MEMBERSHIPS; MEALS MONEY FOR STUDENTS AT COMPETITION EVENTS; UNIFORMS; OTHER HELP TO STUDENTS AS NEEDED TO PARTICIPATE IN PROGRAMS...

STUDENT SUPPORT: ASSIST STUDENTS WHO CANNOT PAY FOR FEES AND MEMBERSHIPS; MEALS MONEY FOR STUDENTS AT COMPETITION EVENTS; UNIFORMS; OTHER HELP TO STUDENTS AS NEEDED TO PARTICIPATE IN PROGRAMS. ASSISTED 76 STUDENTS IN 2024.

Program 3

Expenses: $37,000

SCHOLARSHIP: SUPPORTS STUDENTS PURSING POST-SECONDARY EDUCATION, TRAINING AND ENTRY INTO THE WORKFORCE. INCLUDES TYPICAL SCHOLARSHIP ITEMS SUCH AS TUITION AND BOOKS, BUT ALSO INCLUDES ENTRY INTO...

SCHOLARSHIP: SUPPORTS STUDENTS PURSING POST-SECONDARY EDUCATION, TRAINING AND ENTRY INTO THE WORKFORCE. INCLUDES TYPICAL SCHOLARSHIP ITEMS SUCH AS TUITION AND BOOKS, BUT ALSO INCLUDES ENTRY INTO TRADE AND APPRENTICESHIP PROGRAMS, AND TOOLS NECESSARY TO SECURE EMPLOYMENT.

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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 $1,438,351

Program Service Revenue $0

Investment Income $0

Other Revenue $209,557

TOTAL REVENUE $1,647,908

Expense Breakdown

Grants Paid $1,087,941

Salaries & Benefits $131,940

Fundraising Expenses $0

Program Expenses $1,092,252

Other Expenses $29,917

TOTAL EXPENSES $1,249,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,647,908	$925,791	+0.8%
Expenses	$1,249,798	$803,303	+0.6%
Net Income	$398,110	$122,488	+2.3%

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

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
CASEY ANDERSON	BOARD CHAIR	2.50	Officer Director	$0	$0	$0
DAVE BLANCHARD	DIRECTOR	2.50	Officer Director	$0	$0	$0
LANCE BARRETT	DIRECTOR	2.50	Director	$0	$0	$0
JOE CURRIE	DIRECTOR	2.50	Director	$0	$0	$0
SHANE BOWMAN	DIRECTOR	2.50	Director	$0	$0	$0
SHARIF BURDZIK	DIRECTOR	2.50	Director	$0	$0	$0
JAKE JOHNSON	DIRECTOR	2.50	Director	$0	$0	$0
JASON JOYCE	DIRECTOR	2.50	Director	$0	$0	$0
TRACEY MALONE	DIRECTOR	2.50	Director	$0	$0	$0
NANCY NUNN	DIRECTOR	2.50	Director	$0	$0	$0
JOAN HUSTON	DIRECTOR	2.50	Director	$0	$0	$0
AD SIMMONS	DIRECTOR	2.50	Director	$0	$0	$0
CHRIS VAN DINTER	DIRECTOR	2.50	Director	$0	$0	$0
JIM WEST	DIRECTOR	2.50	Officer Director	$0	$0	$0
DAVID R COLE	EXECUTIVE DIRECTOR	40.00	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	$1,647,908	$1,249,798	$1,307,903	$398,110
2023	$925,791	$803,303	$1,265,401	$122,488
2022	$279,712	$292,270	$952,583	$-12,558
2021	$187,193	$191,595	$803,446	$-4,402
2020	$290,836	$232,484	$846,347	$58,352
2019	$346,799	$200,452	$789,615	$146,347

CASCADIA TECHNICAL ACADEMY FOUNDATION