Education
(B31I)
IRS Verified
DX Registered
990 on File
FOUNDATION FOR STATE TECHNICAL COLLEGE OF MISSOURI INC
Financial strength (30%)
80/100
Reliability (20%)
55/100
Effectiveness (25%)
83/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
State Tech is an associate degree and certificate granting institution with open/selective enrollment and a mission focusing on access to highly specialized technical education in both emerging and traditional technologies. The State Tech prepares students for profitable employment and a life of learning. Profitable employment is self-employment and entrepreneurship as well as working for an employer. The mission is accomplished within the charges of the legislative mission.
Financial Overview — FY 2023
$1.2M
Total Revenue
$501K
Total Expenses
$3.4M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
93.1%
Fundraising Efficiency
N/A
Operating Reserve
81.39x
Liability-to-Asset
1.4%
Revenue Diversification
94.4%
Compared with Peers
FY 2023
Compared with 21,283 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
93.1% | 88.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.6% | 8.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.3% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
81.4 mo | 9.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.4% | 0.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.4% | 90.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
17.8% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
23.5% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
58.2% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.2M | $501K | $3.4M | 93.1% | 0 |
| 2022 | $1.0M | $405K | $2.7M | 95.2% | 0 |
| 2021 | $1.3M | $1.2M | N/A | — | 0 |
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