FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC (EIN 134356799) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

TIFFANY RITTER

Phone

8506443651

Tax Period

2019-07-01 to 2020-06-30

FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC, founded in 2007, is a small nonprofit in the Science & Technology sector that reported $139K in total revenue in fiscal year 2019. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $126K left a modest 9% surplus.

Mission

THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. ITS PURPOSE IS THE PROMOTION, ENCOURAGEMENT, AND ASSISTANCE OF RESEARCH AND TRAINING ACTIVITIES FOR FSU

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $137,713

Investment Income $1,355

Other Revenue $0

TOTAL REVENUE $139,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,552

Other Expenses $125,883

TOTAL EXPENSES $125,883

Year-over-Year Comparison

	2019	2018	Change
Revenue	$139,068	$95,834	+0.5%
Expenses	$125,883	$114,168	+0.1%
Net Income	$13,185	$-18,334	-1.7%

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

N/A

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

$785,799

Total Directors

$2,752,733

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ROSS ELLINGTON	VP/DIRECTER THRU AUG 2019	1.00	Officer Director	$0	$22,352	$215,408
IAIN DIXON	DIRECTOR	10.00	Director	$0	$31,265	$184,957
JOHN THRASHER	DIRECTOR	1.00	Director	$0	$289,941	$1,022,749
DR GARY OSTRANDER	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$55,089	$392,967
DR GREGORY BOEBINGER	DIRECTOR	3.00	Director	$0	$39,562	$400,743
DR MARK D BIRD	DIRECTOR	10.00	Director	$0	$23,354	$197,863
DR DAVID LARBALESTIER	DIRECTOR	1.00	Director	$0	$32,292	$338,046
KELLY STARKE	SECRETARY	1.00	Officer	$0	$23,855	$94,430
TIFFANY RITTER	TREASURER	10.00	Officer	$0	$22,977	$82,994

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
2020	$139,068	$125,883	$360,872	$13,185
2019	$95,834	$114,168	$439,692	$-18,334

FLORIDA STATE UNIVERSITY MAGNET RESEARCH AND DEVELOPMENT INC