FLORIDA GULF COAST UNIVERISTY FINA… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

DAVID VAZQUEZ

Phone

2395901215

Tax Period

2024-07-01 to 2025-06-30

FLORIDA GULF COAST UNIVERISTY FINANCING CORP, founded in 2003, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $20.7M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION WAS ESTABLISHED TO RECEIVE, HOLD, INVEST, AND ADMINISTER PROPERTY AND TO MAKE EXPENDITURES TO OR FOR THE EXCLUSIVE BENEFIT OF FGCU OR A RESEARCH AND DEVELOPMENT PARK OR RESEARCH AND DEVELOPMENT AUTHORITY AFFILIATED WITH THE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $21,638,349

CONTRACT FOR THE DESIGN AND CONSTRUCTION OF STUDENT RESIDENTIAL HOUSING AND RELATED PARKING. ISSUES BOND DEBT TO FINANCE SUCH CONSTRUCTION. ALSO THE PAYMENT OF VARIOUS OTHER SUPPORT FEES OF THE...

CONTRACT FOR THE DESIGN AND CONSTRUCTION OF STUDENT RESIDENTIAL HOUSING AND RELATED PARKING. ISSUES BOND DEBT TO FINANCE SUCH CONSTRUCTION. ALSO THE PAYMENT OF VARIOUS OTHER SUPPORT FEES OF THE UNIVERSITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $19,100,572

Program Service Revenue $0

Investment Income $1,630,648

Other Revenue $0

TOTAL REVENUE $20,731,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,638,349

Other Expenses $21,926,368

TOTAL EXPENSES $21,926,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,731,220	$19,225,027	+0.1%
Expenses	$21,926,368	$23,681,314	-0.1%
Net Income	$-1,195,148	$-4,456,287	-0.7%

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

N/A

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

$1,087,173

Total Directors

$745,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYSEGUL TIMUR	PRES OF UNI/	5.00	Officer Director	$0	$58,836	$745,833
DAVID VAZQUEZ	EXECUTIVE DI	40.00	Officer	$0	$40,258	$341,340
MICHAEL MARTIN	FORMER PRES	N/A		$0	$0	$233,334
JOSEPH CATTI	DIRECTOR/CHA	5.00	Officer Director	$0	$0	$0
RICHARD EIDE	DIRECTOR	5.00	Director	$0	$0	$0
LARRY HART	DIRECTOR/TRE	5.00	Officer Director	$0	$0	$0
JIM KNUPP	DIRECTOR	5.00	Director	$0	$0	$0
STEVE MCINTOSH	DIRECTOR/SEC	5.00	Officer Director	$0	$0	$0
MARTIN WASMER	DIRECTOR	5.00	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	$20,731,220	$21,926,368	$175,707,780	$-1,195,148
2024	$19,225,027	$23,681,314	$184,581,339	$-4,456,287
2023	$19,684,638	$18,762,148	$196,297,307	$922,490
2022	$19,327,322	$15,353,767	$204,897,690	$3,973,555
2021	$20,217,169	$14,312,663	$208,239,627	$5,904,506
2020	$19,416,153	$17,625,176	$210,738,292	$1,790,977
2019	$19,977,434	$16,935,396	$220,655,569	$3,042,038

FLORIDA GULF COAST UNIVERISTY FINANCING CORP