RENTON TECHNICAL COLLEGE FOUNDATION

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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

1994

Legal Domicile

Principal Officer

CARRIE SHAW

Phone

4252352415

Tax Period

2023-07-01 to 2024-06-30

RENTON TECHNICAL COLLEGE FOUNDATION, founded in 1994, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 10% surplus.

Mission

TO BEST SERVE OUR REGIONAL COMMUNITY BY ADVANCING CAREER-TRAINING OPPORTUNITIES AT RENTON TECHNICAL COLLEGE THROUGH FUNDRAISING AND COMMUNITY ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $931,479

THE RENTON TECHNICAL COLLEGE FOUNDATION'S (THE FOUNDATION) MAIN OBJECTIVE IS TO PROVIDE STUDENTS AT RENTON TECHNICAL COLLEGE WITH AMPLE RESOURCES TO ACHIEVE THEIR ACADEMIC AND CAREER TRAINING GOALS...

Program 2

Expenses: $101,889

THE FOUNDATION MEETS STUDENT NEEDS THROUGH EMERGENCY GRANTS AND SIMILAR STUDENT SUPPORT SERVICES. QUALIFYING STUDENTS ARE PROVIDED RESOURCES THAT ALLOW THEM TO MEET THEIR BASIC NEEDS WHICH GIVE THEM ADDITIONAL OPPORTUNITY TO CONCENTRATE ON THEIR SCHOOL WORK. EMERGENCY GRANTS WERE PROVIDED TO 150 STUDENTS DURING THE 2024 FISCAL YEAR.

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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 $1,141,924

Program Service Revenue $0

Investment Income $125,310

Other Revenue $-24,243

TOTAL REVENUE $1,242,991

Expense Breakdown

Grants Paid $1,025,002

Salaries & Benefits $0

Fundraising Expenses $18,646

Program Expenses $1,033,368

Other Expenses $97,602

TOTAL EXPENSES $1,122,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,242,991	$2,508,719	-0.5%
Expenses	$1,122,604	$812,412	+0.4%
Net Income	$120,387	$1,696,307	-0.9%

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

$150,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI INMAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
BONNIE NICHOLS	VICE PRESIDENT OF FINANCE	2.00	Officer Director	$0	$0	$0
BRENDA COLLONS	VICE PRESIDENT OF MEMBERSH	2.00	Officer Director	$0	$0	$0
KRISSY WENDLANDT	VICE PRESIDENT OF DEVELOPM	2.00	Officer Director	$0	$0	$0
REN TARVIN	SECRETARY	1.00	Officer Director	$0	$0	$0
HEATHER BARSTOW	BOARD MEMBER	2.00	Director	$0	$0	$0
THERESA BEAUCHENE	BOARD MEMBER	3.00	Director	$0	$0	$0
BRENT CAMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
THUY-VAN CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAE KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
LIZ MURAKAMI	BOARD MEMBER	3.00	Director	$0	$0	$0
DR STEVEN MCKINNON	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER PAGE	BOARD MEMBER	3.00	Director	$0	$0	$0
TALVINDER SAHOTA	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM-KHANH VAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH SIMON	STUDENT REPRESENTATIVE	2.00	Director	$0	$0	$0
PAMELA GALLAGHER FELT	BOARD MEMBER	3.00	Director	$0	$0	$0
ANNETTE WASHINGTON	BOARD MEMBER	2.00	Director	$0	$0	$0
CARRIE SHAW	EXECUTIVE DIRECTOR	40.00	Officer	$0	$35,840	$150,640

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	No data	No data	No data	No data
2024	$1,242,991	$1,122,604	$4,884,435	$120,387
2023	$2,508,719	$812,412	$4,495,592	$1,696,307
2022	$608,352	$499,471	$2,637,337	$108,881
2021	$693,709	$478,479	$2,888,179	$215,230
2020	$1,035,547	$555,302	$2,331,841	$480,245
2019	$517,483	$497,254	$1,837,389	$20,229
2018	$555,673	$493,199	$1,913,278	$62,474