Civic Intelligence

Ranken Technical College

990 • Fiscal year 2015 • EIN 43-0471057

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 10, 2015

4431 Finney AvenueSt Louis, MO 63113

(314) 371-0236

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.20x

Higher debt load relative to assets than 34% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

57th percentile

0.62x

Higher debt load relative to revenue than 57% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Net Margin

74th percentile

14%

Higher net margin than 74% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

25th percentile

$291,270

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2015

Asset Growth

68th percentile

5.4%

Faster asset growth than 68% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

0.2%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Assets

Up

$132,039,347

Up $6,783,780 (+5.4%) from 2014

Net Assets

Up

$106,023,501

Up $3,730,352 (+3.6%) from 2014

Liabilities

Up

$26,015,846

Up $3,053,428 (+13%) from 2014

Revenue

Up

$41,978,022

Up $70,285 (+0.2%) from 2014

Expenses

Up

$36,034,287

Up $4,146,874 (+13%) from 2014

Net Income

Down

$5,943,735

Down $4,076,589 (-41%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $100,743,017Liabilities 2011: $22,002,030Net Assets 2011: $78,740,9872011Assets 2012: $102,807,971Liabilities 2012: $25,826,571Net Assets 2012: $76,981,4002012Assets 2013: $111,370,117Liabilities 2013: $24,356,366Net Assets 2013: $87,013,7512013Assets 2014: $125,255,567Liabilities 2014: $22,962,418Net Assets 2014: $102,293,1492014Assets 2015: $132,039,347Liabilities 2015: $26,015,846Net Assets 2015: $106,023,5012015Assets 2016: $127,022,082Liabilities 2016: $29,696,110Net Assets 2016: $97,325,9722016Assets 2017: $129,810,102Liabilities 2017: $29,020,102Net Assets 2017: $100,790,0002017Assets 2018: $129,212,820Liabilities 2018: $25,851,048Net Assets 2018: $103,361,7722018Assets 2019: $130,816,316Liabilities 2019: $30,169,626Net Assets 2019: $100,646,6902019Assets 2020: $131,707,306Liabilities 2020: $34,594,440Net Assets 2020: $97,112,8662020Assets 2021: $146,453,630Liabilities 2021: $24,804,212Net Assets 2021: $121,649,4182021Assets 2022: $130,223,439Liabilities 2022: $18,243,623Net Assets 2022: $111,979,8162022Assets 2023: $135,255,488Liabilities 2023: $16,937,288Net Assets 2023: $118,318,2002023Assets 2024: $141,707,421Liabilities 2024: $14,276,592Net Assets 2024: $127,430,8292024

Highlighted filing

2015

Assets$132,039,347
Liabilities$26,015,846
Net Assets$106,023,501

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2011: $25,999,3602011Expenses 2012: $32,978,9862012Expenses 2013: $29,888,3672013Revenue 2014: $41,907,737Expenses 2014: $31,887,413Net Income 2014: $10,020,3242014Revenue 2015: $41,978,022Expenses 2015: $36,034,287Net Income 2015: $5,943,7352015Revenue 2016: $37,707,091Expenses 2016: $40,853,432Net Income 2016: -$3,146,3412016Revenue 2017: $39,156,587Expenses 2017: $38,134,937Net Income 2017: $1,021,6502017Revenue 2018: $34,164,579Expenses 2018: $34,277,796Net Income 2018: -$113,2172018Revenue 2019: $36,977,716Expenses 2019: $40,702,441Net Income 2019: -$3,724,7252019Revenue 2020: $40,680,568Expenses 2020: $44,470,939Net Income 2020: -$3,790,3712020Revenue 2021: $39,142,167Expenses 2021: $31,818,484Net Income 2021: $7,323,6832021Revenue 2022: $47,100,026Expenses 2022: $41,308,875Net Income 2022: $5,791,1512022Revenue 2023: $43,580,266Expenses 2023: $42,562,759Net Income 2023: $1,017,5072023Revenue 2024: $42,653,498Expenses 2024: $40,525,279Net Income 2024: $2,128,2192024

Highlighted filing

2015

Revenue$41,978,022
Expenses$36,034,287
Net Income$5,943,735
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$85,487,433
Mission and Program Overview

Mission

Ranken technical college is a private, non-profit, degree-granting institution of higher learning whose primary mission is to provide the comprehensive education and training necessary to prepare students for employment and advancement in a variety of technical fields.

To provide the comprehensive education and training necessary to prepare students for employment and advancement in a variety of technical fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$56,740,086$57,396,238▲ $656,152
Land, Buildings, and Equipment, Net$37,644,838$44,093,155▲ $6,448,317
Cash and Non-Interest-Bearing Accounts$16,409,909$11,142,607▼ $5,267,302
Investments Other Securities$6,184,832$8,533,025▲ $2,348,193
Savings and Temporary Cash Investments$1,033,036$3,211,362▲ $2,178,326
Pledges and Grants Receivable$1,744,555$2,796,223▲ $1,051,668
Inventories for Sale or Use$1,506,788$1,300,759▼ $206,029
Accounts Receivable$1,798,419$1,176,207▼ $622,212
Prepaid Expenses and Deferred Charges$152,691$293,952▲ $141,261
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$125,255,567$132,039,347▲ $6,783,780
Other Assets Total$2,040,413$2,095,819▲ $55,406
Liabilities
Tax Exempt Bond Liabilities$16,198,583$15,565,405▼ $633,178
Accounts Payable and Accrued Expenses$3,921,596$4,721,284▲ $799,688
Other Liabilities$1,079,870$3,920,681▲ $2,840,811
Deferred Revenue$1,762,369$1,808,476▲ $46,107
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$22,962,418$26,015,846▲ $3,053,428
Net Assets / Fund Balance
Unrestricted Net Assets$96,010,893$93,575,920▼ $2,434,973
Temporarily Rstr Net Assets$4,017,969$10,198,734▲ $6,180,765
Permanently Rstr Net Assets$2,264,287$2,248,847▼ $15,440
Total Net Assets Fund Balance$102,293,149$106,023,501▲ $3,730,352
Total Liabilities and Net Assets / Fund Balance$125,255,567$132,039,347▲ $6,783,780

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$30,107,525$17,985,728$48,093,253
Other Land Buildings$8,952,169$1,041,765$9,993,934
Equipment$2,528,407$7,286,740$9,815,147
Land$2,505,054-$2,505,054
Other Securities$8,533,025--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$6,282,256$7,144,942▼ $170,550$809,067$12,447,581
2013$5,883,269$598,072▲ $394,154$593,239$6,282,256
2012$5,753,825$896,760▲ $118,197$885,513$5,883,269
2011$5,194,028$1,736,811▼ $60,291$1,116,723$5,753,825
2010$3,640,485$1,575,126▲ $411,979$433,562$5,194,028
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stanley H ShounPresidentFT$265,972$25,298$291,270
Peter T MurtaughVP of Finance and AdminFT$175,063$27,224$202,287
John E WoodVP for Student SuccessFT$150,325$15,620$165,945
Donald J PohlVice President for EducationFT$137,830$25,049$162,879

Board Members and Trustees

NameTitle
Edward L Monser IvChairman of the Board
John Jeffrey PittsVice Chairman of the Board
Bill SchottTrustee
Blanche M TouhillTrustee
Bruno SchmitterTrustee
Dave SchepersTrustee
Jerry E RitterTrustee
Lanny LamontTrustee
Michael P McmillanTrustee
Mike AdorjanTrustee
Pamela B JacksonTrustee
Randy FuszTrustee
Rhonda Hamm-niebrueggeTrustee
Robert StaleyTrustee
Scott T WittkopTrustee
Steve MossTrustee
Thomas a GiesekingTrustee
Dennis D DonnellySecretary-treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
MusickConstruction254 HANLEY INDUSTRIAL, St Louis, MO 63144$6,181,941
Dicom Marketing ServicesMedia1650 DES PERES RD STE 100, St Louis, MO 63131$935,327
WhelanSecurity1750 S HANLEY, St Louis, MO 63144$548,666
Fresh IdeasFood1000 W NIFONG BLVD, Columbia, MO 65203$489,422
JemaDesign3005 LOCUST STREET, St Louis, MO 63103$350,164
Revenue and Support

Revenue Composition

Contributions and Grants
$13,262,177
Program Service Revenue
$23,332,196
Investment Income
$3,386,723
Other Revenue
$1,996,926
All Other Contributions
$8,185,528
Change in Net Assets
$5,943,735

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table37$45,046Fair Market Value
Total Noncash Contributions37$45,046-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$17,129,965
Other Expenses$12,170,758
Grants and Similar Amounts Paid$6,733,564
Total Fundraising Expense$730,872
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$9,507,644$1,471,421$339,559$11,318,624
Grants to Domestic Individuals$6,733,564--$6,733,564
Office Expenses$2,553,118$495,644$63,574$3,112,336
Pension Plan Contributions$2,554,281$395,305$91,224$3,040,810
Depreciation Depletion$2,506,904$80,008$80,008$2,666,920
Advertising$1,367,097--$1,367,097
Occupancy$1,107,526$34,975$23,316$1,165,817
Other Employee Benefits$917,477$141,990$32,767$1,092,234
Payroll Taxes$707,776$109,537$25,278$842,591
Current Officers, Directors, Trustees, and Key Employees$701,993$108,642$25,071$835,706
Interest-$628,189-$628,189
Fees for Services Other$565,646$19,675-$585,321
All Other Expenses$445,064$67,363$13,473$525,900
Insurance-$290,217-$290,217
Fees for Services Accounting-$272,230-$272,230
Conferences and Meetings$239,675--$239,675
Fees for Service Investment Mgmnt Fees-$159,467-$159,467
Information Technology$67,568$12,360$2,472$82,400
Other Expenses$147,438-$34,130$34,130
Travel$15,878$1,647-$17,525
Fees for Services Legal-$16,185-$16,185
Total Functional Expenses$30,998,560$4,304,855$730,872$36,034,287
International Activity

International Summary

Spending
$8,598,219

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments---$8,598,219
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Liability$3,920,681

Bond Issues

BondIssuerIssuedIssue PricePurpose
BHealth & Educational Facilities Authority2011-11-21$11,374,867Capital projects/ convert fixed
AHealth and Educational Facilities Authority2011-11-21$6,075,000Capital projects/ convert variable

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$11,374,867$6,924,331$0$223,364
A$6,075,000$5,953,500$0$121,500

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11B

Form 990 review process: the president and chief financial officer of the organization conduct a review of the form 990 prior to finalizing the form. After the form 990 has been finalized, a copy is provided to voting members of the board of trustees prior to filing.

Part VI, Section B, Line 12C

Compliance with conflict of interest policy: board of trustee members are required to complete a conflict of interest disclosure questionnaire to identify potential conflicts of interest that a member may have. If a conflict is disclosed, the chairmen and the board trustee would discuss the situation.

Part VI, Section B, Line 15

Process for determining compensation: outside comparative salary/compensation information is compiled by the organization's human resources department and reported to the board of trustees. The board of trustees uses this data in determining compensation for the president and other officers of the organization. The committee met in may 2015 and reviewed a salary survey and then made compensation recommendations to the full board.

Part VI, Section C, Line 19

Additional documents available to the public: the organization does make its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ranken Technical College
EIN
43-0471057
In Care Of
% PETER T MURTAUGH
Phone
3143710236
Address
4431 Finney Avenue, St Louis, MO 63113

Signing Officer

Name
Peter Murtaugh
Title
VP of Finance & Admin
Phone
3143710236
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stan Shoun
Formed
1907
Legal Domicile
Mo
Voting Board Members
18
Independent Board Members
18
Employees
543
Volunteers
10

Preparer

Firm
Bkd Llp
Address
211 N BROADWAY SUITE 600, ST LOUIS, MO 63102-2733
Preparer
Donna J Larson
Phone
3142315544
Supplemental Narrative

Financial Statement Notes

Part V, Question 4

Use of endowment funds: the listed funds will be used for scholarships, educational equipment and technology purchases, campus renovation, student residence hall capital expenditures, and other student financial aid.

Part X, Line 2

Fin 48: management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Desc01,600 STUDENTS SERVED IN ASSOCIATED DEGREE PROGRAMS IN SEVENTEEN TECHNICAL FIELDS AND BACHELOR OF SCIENCE DEGREES IN ARCHITECTURAL TECHNOLOGY STUDIES AND APPLIED MANAGEMENT. 1,000 STUDENTS SERVED IN CONTINUING EDUCATION PROGRAMS WITH CERTIFICATE GRANTING IN FIFTEEN AREAS. 4,500 STUDENTS SERVED IN INDUSTRIAL TRAINING PROGRAMS. RANKEN TECHNICAL COLLEGE IS A PRIVATE, NON-PROFIT INSTITUTION OF HIGHER EDUCATION. RICH WITH HISTORY, RANKEN HAS PROVIDED STUDENTS WITH TOP QUALITY EDUCATIONAL PROGRAMS FOR NEARLY 100 YEARS. RANKEN'S STATE-OF-THE-ART EQUIPMENT AND FACILITIES AND CAMPUS ARE CONTINUALLY UPDATED TO PROVIDE STUDENTS EXPOSURE TO CUTTING-EDGE TECHNOLOGY. THROUGH DAY AND CONTINUING EDUCATION PROGRAMS, RANKEN STUDENTS ARE TRAINED TO ENTER OVER 100 PROFESSIONAL FIELDS. EACH PROGRAM FEATURES: - A COMBINATION OF TECHNICAL STUDIES, GENERAL EDUCATION AND PROFESSIONALISM - HANDS-ON EXPERIENCE IN A VARIETY OF TECHNICAL FIELDS - INVOLVED AND EXPERIENCED FACULTY - LIFETIME JOB PLACEMENT RANKEN'S GREAT REPUTATION AMONG BUSINESS AND INDUSTRY HELPS STUDENTS FIND JOBS. OUR GRADUATES EACH HAVE EXPOSURE TO AN AVERAGE OF FIVE TO SEVEN JOB OPPORTUNITIES. TO ENSURE THE REAL-WORLD RELEVANCE OF WHAT WE TEACH, TECHNICAL ADVISORY COMMITTEES MADE UP OF INDUSTRY REPRESENTATIVES HELP GUIDE AND SHAPE PROGRAM CURRICULUM.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$142$14.3$127$42.7$40.5$2.13
2023Detailed filing. Detailed filing data is available for this year.$135$16.9$118$43.6$42.6$1.02
2022Detailed filing. Detailed filing data is available for this year.$130$18.2$112$47.1$41.3$5.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$24.8$122$39.1$31.8$7.32
2020Detailed filing. Detailed filing data is available for this year.$132$34.6$97.1$40.7$44.5$3.79
2019Detailed filing. Detailed filing data is available for this year.$131$30.2$101$37.0$40.7$3.72
2018Detailed filing. Detailed filing data is available for this year.$129$25.9$103$34.2$34.3$0.11
2017Detailed filing. Detailed filing data is available for this year.$130$29.0$101$39.2$38.1$1.02
2016Detailed filing. Detailed filing data is available for this year.$127$29.7$97.3$37.7$40.9$3.15
2015Detailed filing. Detailed filing data is available for this year.$132$26.0$106$42.0$36.0$5.94
2014Detailed filing. Detailed filing data is available for this year.$125$23.0$102$41.9$31.9$10.0
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$24.4$87.0$29.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$103$25.8$77.0$33.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$22.0$78.7$26.0