BATES TECHNICAL COLLEGE FOUNDATION (EIN 943165935) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

CHELSEA LINDQUIST

Phone

2536807160

Tax Period

2024-07-01 to 2025-06-30

BATES TECHNICAL COLLEGE FOUNDATION, founded in 1992, is a small nonprofit in the Unknown sector that reported $536K in total revenue in fiscal year 2017. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $308K, a strong 57% operating margin.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

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

$127,494

Total Directors

$127,494

Key Employees

Highest Compensated

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

BATES TECHNICAL COLLEGE FOUNDATION