FIU ATHLETICS FINANCE CORPORATION

EIN: 208802270 501(c)(3) Education

MIAMI, FL

Total Revenue
$7,044,788
Total Expenses
$6,131,238
Total Assets
$18,280,902
Net Assets
$-3,307,653
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
FL
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, AS WELL AS, MANAGE AND OPERATE THE FACILITIES.

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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%)

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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

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Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
3
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
4
$548,423
Total Directors
6
$943,081
Key Employees
0
$0
Highest Compensated
0
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
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