Florida Institute for Human and Machine Cognition Inc (EIN 200760849) - 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

2004

Legal Domicile

Principal Officer

Ronnie Armstrong

Phone

8502024462

Tax Period

2024-07-01 to 2025-06-30

Florida Institute for Human and Machine Cognition Inc, founded in 2004, is a mid-sized nonprofit in the Science & Technology sector that reported $33.2M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $32.1M left a modest 3% surplus.

Mission

To provide information-technology research, education, scientific advancement, and economic development as it relates to the combination of human and machine cognition and artificial intelligence.

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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 $24,509,754

Program Service Revenue $8,081,775

Investment Income $449,564

Other Revenue $138,286

TOTAL REVENUE $33,179,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,261,059

Fundraising Expenses $378,181

Program Expenses $24,282,612

Other Expenses $11,830,262

TOTAL EXPENSES $32,091,321

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,179,379	$38,044,430	-0.1%
Expenses	$32,091,321	$31,494,256	+0.0%
Net Income	$1,088,058	$6,550,174	-0.8%

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

201

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

$1,163,243

Total Directors

Key Employees

$2,232,586

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Dalton	Chair	1.00	Officer Director	$0	$0	$0
Dick Baker	Member	1.00	Director	$0	$0	$0
Ron Ewers	Member	1.00	Director	$0	$0	$0
Gene Franklin	Member	1.00	Director	$0	$0	$0
Hal Hudson	Member	1.00	Director	$0	$0	$0
Jon Mills	Member	1.00	Director	$0	$0	$0
Eric Nickelsen	Member	1.00	Director	$0	$0	$0
J Mort O'Sullivan	Member	1.00	Director	$0	$0	$0
Jay Patel	Member	1.00	Director	$0	$0	$0
Alain Rappaport	Member	1.00	Director	$0	$0	$0
Jim Reeves	Member	1.00	Director	$0	$0	$0
Ray Russenberger	Member	1.00	Director	$0	$0	$0
Martha Saunders	Member	1.00	Director	$0	$0	$0
Gordon Sprague	Member	1.00	Director	$0	$0	$0
Glenn Sturm	Member	1.00	Director	$0	$0	$0
Ken Ford	CEO	40.00	Officer	$487,996	$65,357	$553,353
Ronnie Armstrong	CFO	40.00	Officer	$231,886	$27,381	$259,267
Julie Sheppard	Executive VP/Chief Legal Counsel	40.00	Officer	$278,035	$72,588	$350,623
Timothy Broderick	Chief Scientific Officer & Sr. Research Scientist	40.00	Key Emp	$431,870	$75,585	$507,455
Marcas Bamman	Senior Research Scientist	40.00	Key Emp	$359,500	$58,365	$417,865
Peter Pirolli	Senior Research Scientist	40.00	Key Emp	$344,943	$58,457	$403,400
Pamella Dana	Chief External Affairs Off	40.00	Key Emp	$264,707	$44,336	$309,043
Morley Stone	Chief Research Officer	40.00	Key Emp	$285,940	$58,309	$344,249
Niranjan Suri	Sr Research Scientist & Assoc. Director	40.00	Key Emp	$202,756	$47,818	$250,574
Carol Carlan	Director of Philanthropy	40.00	Highest	$179,330	$34,580	$213,910
Kevin Gluck	Senior Research Scientist	40.00	Highest	$194,721	$46,160	$240,881
Matthew Johnson	Research Scientist	40.00	Highest	$217,253	$45,818	$263,071
Alan Ordway	CIO	40.00	Highest	$203,000	$43,721	$246,721
Jeffrey Phillips	Senior Research Scientist	40.00	Highest	$174,383	$41,211	$215,594

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	$33,179,379	$32,091,321	$63,773,149	$1,088,058
2024	$38,044,430	$31,494,256	$64,349,636	$6,550,174
2023	$29,801,489	$26,483,667	$39,838,693	$3,317,822
2022	$28,298,513	$26,534,027	$28,100,628	$1,764,486
2021	$25,041,198	$25,161,663	$27,999,251	$-120,465
2020	$22,014,275	$21,020,217	$28,194,454	$994,058
2019	$18,269,695	$18,745,666	$26,563,765	$-475,971

Florida Institute for Human and Machine Cognition Inc