New College of Florida Development Corporation (EIN 204398131) - 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

2005

Legal Domicile

Phone

9414874323

Tax Period

2024-07-01 to 2025-06-30

New College of Florida Development Corporation, founded in 2005, is a small nonprofit in the Education sector that reported $624K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

DIRECT SUPPORT ORGANIZATION TO PROVIDE AID IN THE FORM OF MONEY AND OTHER FORMS OF PROPERTY AND SERVICES TO NEW COLLEGE OF FLORIDA, A MEMBER OF THE FLORIDA STATE UNIVERSITY SYSTEM.

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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 $0

Program Service Revenue $624,030

Investment Income $0

Other Revenue $0

TOTAL REVENUE $624,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $602,382

Other Expenses $626,522

TOTAL EXPENSES $626,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$624,030	$672,660	-0.1%
Expenses	$626,522	$675,152	-0.1%
Net Income	$-2,492	$-2,492	N/A

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

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

$1,593,752

Total Directors

$1,748,748

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christaldi Ron	Vice Chair	0.2	Officer Director	$0	$0	$0
Richard Corcoran	Chair	0.2	Officer Director	$0	$57,646	$1,106,537
Shippee Melissa	Secretary/Treasurer	3.8	Officer Director	$0	$58,796	$240,211
Gruters Sydney	Director	0.2	Director	$0	$0	$201,000
McDonald James	Director	0.2	Director	$0	$0	$0
Rancourt David	Director	0.2	Director	$0	$0	$201,000
Fitz-Patrick Christie	Executive Director	0.2	Officer	$0	$40,296	$247,004

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	$624,030	$626,522	$18,348,879	$-2,492
2024	$672,660	$675,152	$19,473,161	$-2,492
2023	$692,687	$695,179	$20,547,028	$-2,492
2022	$1,083,804	$1,086,295	$21,575,520	$-2,491
2021	$1,147,620	$1,150,111	$23,357,122	$-2,491
2020	$1,246,960	$1,249,450	$25,008,853	$-2,490
2019	$1,346,469	$1,348,962	$25,855,711	$-2,493

New College of Florida Development Corporation