FLORIDA BOARD OF GOVERNORS FOUNDAT… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

BRIAN LAMB

Phone

8502459397

Tax Period

2024-01-01 to 2024-12-31

FLORIDA BOARD OF GOVERNORS FOUNDATION INC, founded in 1969, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 11% surplus.

Mission

PROMOTE FLORIDAS HIGHER EDUCATION SYSTEM

Program Service Accomplishments

Program 1

Expenses: $1,298,996 Revenue: $1,312,354

TO PROVIDE SCHOLARSHIPS TO OUTSTANDING STUDENTS AS SPECIFIED BY CONTRIBUTORS AND SUPPORT OTHER EDUCATIONAL ACTIVITIES.

Program 2

Expenses: $215,852 Revenue: $503,339

TO PROVIDE FINANCIAL ASSISTANCE TO THE STATE OF FLORIDA FOR THE COMPENSATION OF THE CHANCELLOR AND VICE CHANCELLOR OF THE FLORIDA BOARD OF GOVERNORS.

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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 $1,398,339

Program Service Revenue $0

Investment Income $337,447

Other Revenue $0

TOTAL REVENUE $1,735,786

Expense Breakdown

Grants Paid $1,488,732

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,514,848

Other Expenses $48,893

TOTAL EXPENSES $1,537,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,735,786	$1,602,962	+0.1%
Expenses	$1,537,625	$1,784,139	-0.1%
Net Income	$198,161	$-181,177	-2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM CERIO	DIRECTOR	0.10	Director	$0	$0	$0
ASHLEY BELL BARNETT	DIRECTOR	0.10	Director	$0	$0	$0
PATRICIA FROST	DIRECTOR	0.10	Director	$0	$0	$0
MANNY DIAZ JR	DIRECTOR	0.10	Director	$0	$0	$0
AUBREY EDGE	DIRECTOR	0.10	Director	$0	$0	$0
CARSON GOOD	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN LAMB	CHAIR	0.10	Officer Director	$0	$0	$0
JOHN BRINKMAN	DIRECTOR	0.10	Director	$0	$0	$0
KEN JONES	DIRECTOR	0.10	Director	$0	$0	$0
ALAN LEVINE	DIRECTOR	0.10	Director	$0	$0	$0
ERIC SILAGY	DIRECTOR	0.10	Director	$0	$0	$0
CHARLES LYDECKER	DIRECTOR	0.10	Director	$0	$0	$0
RACHEL KAMOUTSAS	SECRETARY	0.10	Officer	$0	$0	$0
TIM JONES	TREASURER	0.10	Officer	$0	$0	$0
AMANDA PHALIN	DIRECTOR	0.10	Director	$0	$0	$0
CRAIG MATEER	DIRECTOR	0.10	Director	$0	$0	$0
EDWARD HADDOCK	DIRECTOR	0.10	Director	$0	$0	$0
JOSE OLIVIA	DIRECTOR	0.10	Director	$0	$0	$0

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
2024	$1,735,786	$1,537,625	$13,371,766	$198,161
2023	$1,602,962	$1,784,139	$12,268,699	$-181,177
2022	$1,458,582	$1,876,391	$11,271,114	$-417,809
2021	$1,715,523	$1,388,227	$8,657,899	$327,296
2020	$1,332,447	$1,267,810	$7,261,674	$64,637
2019	$1,328,730	$1,281,763	$6,741,980	$46,967
2018	$1,276,401	$1,305,894	$6,004,258	$-29,493

FLORIDA BOARD OF GOVERNORS FOUNDATION INC