CLOVER PARK TECHNICAL COLLEGE FOUN… - 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

1993

Legal Domicile

Principal Officer

CATHY PURCELLA

Phone

2535895782

Tax Period

2023-01-01 to 2023-12-31

CLOVER PARK TECHNICAL COLLEGE FOUNDATION, founded in 1993, is a small nonprofit in the Unknown sector that reported $515K in total revenue in fiscal year 2023. The organization ran a surplus of $205K, a strong 40% operating margin.

Mission

TO ASSIST CLOVER PARK TECHNICAL COLLEGE STUDENTS AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $116,921

PROVIDE SCHOLARSHIPS TO STUDENTS FOR TUITION, BOOKS AND SUPPLIES AS WELL AS STAFF AND FACULTY AWARDS FOR OUTSTANDING WORK AND COMMITMENT TO THEIR JOBS.

Program 2

Expenses: $26,396

PROVIDE EMERGENCY GRANTS TO STUDENTS AT CLOVER PARK TECHNICAL COLLEGE FOR SHELTER, UTILITIES OR OTHER NEEDS THAT WILL ENABLE THE STUDENT TO CONTINUE THEIR EDUCATION.

Program 3

Expenses: $5,363

PROVIDE ASSISTANCE TO COLLEGE PROGRAMS THROUGH EQUIPMENT DONATIONS TO ASSIST STUDENTS IN PRACTICAL TRAINING FOR THEIR VOCATION; PROVIDED CASH TO SPECIFIC PROGRAMS FOR SUPPLIES AND OTHER NEEDS.

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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 $489,409

Program Service Revenue $9,002

Investment Income $37,624

Other Revenue $-20,805

TOTAL REVENUE $515,230

Expense Breakdown

Grants Paid $262,169

Salaries & Benefits $0

Fundraising Expenses $4,037

Program Expenses $265,387

Other Expenses $47,593

TOTAL EXPENSES $309,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,230	$480,771	+0.1%
Expenses	$309,762	$311,776	0.0%
Net Income	$205,468	$168,995	+0.2%

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

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
NANCY STERNITZKY	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN SMITH	DIRECTOR	2.00	Director	$0	$0	$0
KRIS SHEGRUD	DIRECTOR	2.00	Director	$0	$0	$0
LUCAS HOLM	DIRECTOR	2.00	Director	$0	$0	$0
HARLEY MOBERG	DIRECTOR	2.00	Director	$0	$0	$0
AMELIA GRAYSON	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
THUSHARI GOONERATNE	DIRECTOR	2.00	Director	$0	$0	$0
DR JOYCE LOVEDAY	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
CATHY PURCELLA	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
SAMANTHA DANA	EX OFFICIO DIRECTOR	2.00	Director	$0	$0	$0
BILL HAMILTON	EMERITI DIRECTOR	2.00	Director	$0	$0	$0
SHARON MCGAVICK	EMERITI DIRECTOR	2.00	Director	$0	$0	$0
ELI TAYLOR	TRUSTEE LIAISON	2.00	Director	$0	$0	$0
ALDEN BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
MARY GREEN	TREASURER	3.00	Officer	$0	$0	$0
DAVID HARKNESS	DIRECTOR-AT-LARGE	2.00	Officer	$0	$0	$0
CAROLINE HENRY	DIRECTOR-AT-LARGE	2.00	Officer	$0	$0	$0
JOE LYDIC	PRESIDENT	2.00	Officer	$0	$0	$0
THULI LUSHABA	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$515,230	$309,762	$3,160,237	$205,468
2022	$480,771	$311,776	$2,696,593	$168,995
2021	$446,212	$359,774	$2,894,380	$86,438
2020	$722,967	$450,884	$2,602,189	$272,083
2019	$899,044	$392,438	$2,384,806	$506,606
2018	$494,963	$262,350	$1,722,157	$232,613

CLOVER PARK TECHNICAL COLLEGE FOUNDATION