FIU ATHLETICS FINANCE CORPORATION

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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

2006

Legal Domicile

Principal Officer

ALEXANDER M PERAZA

Phone

3053483758

Tax Period

2024-07-01 to 2025-06-30

FIU ATHLETICS FINANCE CORPORATION, founded in 2006, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $6.1M left a modest 13% surplus.

Mission

THE FIU ATHLETICS CORPORATION WAS ORGANIZED TO FACILITATE THE FINANCING OF PROJECTS RELATED TO THE FIU FOOTBALL STADIUM. THE CORPORATION PROVIDES DIRECT SUPPORT IN MATTERS PERTAINING TO INITIALLY THE FINANCING OF THE FIU FOOTBALL STADIUM AND SUBSEQUENTLY MANAGING AND OPERATING OF THE FACILITY AND HAS BEEN DESIGNATED BY THE FIU BOARD OF TRUSTEES AS A UNIVERSITY DIRECT SUPPORT ORGANIZATION PURSUANT TO SECTION 1004.28 FLORIDA STATUTES.

Program Service Accomplishments

Program 1

Expenses: $6,096,413

THE ORGANIZATION IS A FLORIDA NOT-FOR-PROFIT, A DIRECT SUPPORT ORGANIZATION AND A COMPONENT UNIT OF FLORIDA INTERNATIONAL UNIVERSITY (FIU) FORMED TO FACILITATE THE FINANCING OF PROJECTS RELATED TO...

THE ORGANIZATION IS A FLORIDA NOT-FOR-PROFIT, A DIRECT SUPPORT ORGANIZATION AND A COMPONENT UNIT OF FLORIDA INTERNATIONAL UNIVERSITY (FIU) FORMED TO FACILITATE THE FINANCING OF PROJECTS RELATED TO THE FIU FOOTBALL STADIUM AND FACILITY OPERATIONS AND MANAGEMENT.

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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 $6,820,596

Program Service Revenue $0

Investment Income $224,192

Other Revenue $0

TOTAL REVENUE $7,044,788

Expense Breakdown

Grants Paid $2,150,483

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,096,413

Other Expenses $3,980,755

TOTAL EXPENSES $6,131,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,044,788	$6,304,043	+0.1%
Expenses	$6,131,238	$6,131,216	+0.0%
Net Income	$913,550	$172,827	+4.3%

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

$548,423

Total Directors

$943,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATH GLICK	DIRECTOR	1.00	Director	$0	$24,045	$203,289
AL LORENZO	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN JARRELL	TREASURER	1.00	Officer Director	$0	$36,864	$208,979
MICHAEL HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ROGELIO TOVAR	CHAIRMAN, UNTIL 6/2025	1.00	Officer Director	$0	$0	$0
SCOTT CARR	ATHLETIC DIRECTOR	1.00	Director	$0	$51,920	$530,813
SANDRA DURAN	ASSISTANT SECRETARY	35.00	Officer	$0	$32,432	$160,534
ALEXANDER KELLEY	SECRETARY	1.00	Officer	$0	$29,386	$178,910

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	$7,044,788	$6,131,238	$18,280,902	$913,550
2024	No data	No data	No data	No data
2023	$5,721,794	$6,119,160	$19,864,935	$-397,366
2022	$5,512,012	$3,796,425	$20,960,698	$1,715,587
2021	$4,140,251	$3,914,177	$20,837,113	$226,074
2020	$4,299,867	$3,851,671	$22,238,229	$448,196
2019	$4,214,209	$3,404,804	$23,476,474	$809,405
2018	$4,092,049	$3,864,871	$24,112,884	$227,178