BATES TECHNICAL COLLEGE FOUNDATION

EIN: 943165935 501(c)(3) Unknown

TACOMA, WA

Total Revenue
$2,187,341
Total Expenses
$993,573
Total Assets
$5,747,320
Net Assets
$5,329,207
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
WA
Principal Officer
CHELSEA LINDQUIST
Phone
2536807160
Tax Period
2024-07-01 to 2025-06-30

BATES TECHNICAL COLLEGE FOUNDATION, founded in 1992, is a community nonprofit in the Unknown sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 55% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS, EMERGENCY ASSISTANCE AND SUPPORT TO STUDENTS AT BATES TECHNICAL COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $398,433

TO RAISE FUNDS TO PROVIDE SCHOLARSHIPS TO MORE THAN 300 STUDENTS OF BATES TECHNICAL COLLEGE.

Program 2
Expenses: $541,390

TO RAISE FUNDS TO SUPPORT PROGRAMS ON THE CAMPUS OF BATES TECHNICAL COLLEGE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,017,572
Program Service Revenue $0
Investment Income $169,769
Other Revenue $0
TOTAL REVENUE $2,187,341

Expense Breakdown

Grants Paid $398,433
Salaries & Benefits $0
Fundraising Expenses $21,016
Program Expenses $939,823
Other Expenses $595,140
TOTAL EXPENSES $993,573

Year-over-Year Comparison

2024 2023 Change
Revenue $2,187,341 $844,284 +1.6%
Expenses $993,573 $578,665 +0.7%
Net Income $1,193,768 $265,619 +3.5%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
11

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
3
$127,494
Total Directors
8
$127,494
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMAN BELLAMY BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA JADWIN CHAIR 5.00
Officer Director
$0 $0 $0
DEBBIE WINSKILL SECRETARY 5.00
Officer Director
$0 $0 $0
TOM GEORGE BOARD MEMBER 4.00
Director
$0 $0 $0
JD ELQUIST BOARD MEMBER 3.00
Director
$0 $0 $0
CHELSEA LINDQUIST EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $24,043 $127,494
MICHAEL CAMERON BOARD MEMBER 3.00
Director
$0 $0 $0
KRISTA MONTES BOARD MEMBER 2.00
Director
$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 $2,187,341 $993,573 $5,747,320 $1,193,768
2024 $844,284 $578,665 $4,122,156 $265,619
2023 $783,710 $423,277 $3,471,384 $360,433
2022 $729,777 $295,695 $3,146,698 $434,082
2021 $571,354 $358,507 $3,317,204 $212,847
2020 $1,073,682 $352,287 $2,711,519 $721,395
2019 $705,277 $355,177 $1,989,577 $350,100
2018 $535,538 $227,783 $1,674,491 $307,755
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