USF Financing Corporation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Phone

8139747297

Tax Period

2022-07-01 to 2023-06-30

USF Financing Corporation, founded in 2005, is a mid-sized nonprofit in the Education sector that reported $16.4M in total revenue in fiscal year 2022. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $3.4M, a strong 21% operating margin.

Mission

The Corporation was formed exclusively to receive, hold, invest and administer property and to make expenditures to or for the benefit of the University of South Florida (USF). The organization is a direct support organization of USF pursuant to Section 1004.28, Florida Statutes. The organization provides and constructs facilities for USF and assists in carrying out and supporting its educational purposes by providing access to such facilities to members of the public, the students, the faculty and the staff of USF.

Program Service Accomplishments

Program 1

Expenses: $9,216,765 Revenue: $11,719,046

The Corporation holds title to and manages the related outstanding debt for multiple facilities on behalf of University of South Florida Housing and Athletics auxiliary units. Facilities include...

The Corporation holds title to and manages the related outstanding debt for multiple facilities on behalf of University of South Florida Housing and Athletics auxiliary units. Facilities include multiple residence halls, a parking garage, a student center and multiple athletics facilities. Outstanding debt related to University of South Florida Housing, Marshall Student Center, and Athletics auxiliary units was $247,745,723 as of June 30, 2023.

Program 2

Expenses: $2,991,982 Revenue: $3,331,873

The Corporation holds title to and manages the related outstanding debt for multiple facilities on behalf of University of South Florida component units, including University Medical Service...

The Corporation holds title to and manages the related outstanding debt for multiple facilities on behalf of University of South Florida component units, including University Medical Service Association, Inc., USF Health Professions Conferencing Corporation and USF Research Foundation, Inc. Facilities include various medical and research facilities. Outstanding debt related to the medical and research facilities was $81,055,849 as of June 30, 2023.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,050,919

Investment Income $1,387,318

Other Revenue $0

TOTAL REVENUE $16,438,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,208,747

Other Expenses $13,050,434

TOTAL EXPENSES $13,050,434

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,438,237	$17,504,917	-0.1%
Expenses	$13,050,434	$13,446,775	0.0%
Net Income	$3,387,803	$4,058,142	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$609,337

Total Directors

$1,959,169

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director, Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Director, Chair	1.0	Officer Director	$0	$0	$0
N/A	Director, Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director, USF President	1.0	Director	$0	$152,413	$1,279,732
N/A	Director, USF Sr. Vice President	1.0	Director	$0	$38,139	$679,437
N/A	Assistant Secretary	1.0	Officer	$0	$17,628	$139,830
N/A	Executive Director	10.0	Officer	$0	$32,004	$248,449
N/A	Assistant Secretary	1.0	Officer	$0	$30,035	$221,058
N/A	Former Director, Former USF Vice President	0.0		$0	$23,937	$330,015
N/A	Former Director, Former USF President	0.0		$0	$34,442	$574,963

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$16,438,237	$13,050,434	$371,389,607	$3,387,803
2022	$17,504,917	$13,446,775	$360,205,097	$4,058,142
2021	$13,998,407	$15,452,103	$387,045,696	$-1,453,696
2020	$20,017,058	$14,321,630	$416,239,429	$5,695,428