FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC (EIN 237047106) - 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

1969

Legal Domicile

Principal Officer

ADALIO SANCHEZ

Phone

3053483758

Tax Period

2024-07-01 to 2025-06-30

FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $56.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $521.1M represent 112 months of operating reserves.

Mission

TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES FOR FIU AND ITS OBJECTIVES.

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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 $43,251,576

Program Service Revenue $0

Investment Income $13,314,733

Other Revenue $-552,938

TOTAL REVENUE $56,013,371

Expense Breakdown

Grants Paid $48,120,863

Salaries & Benefits $974,835

Fundraising Expenses $5,552,983

Program Expenses $48,868,642

Other Expenses $7,784,349

TOTAL EXPENSES $56,920,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,013,371	$50,136,811	+0.1%
Expenses	$56,920,547	$55,849,450	+0.0%
Net Income	$-907,176	$-5,712,639	-0.8%

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

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

$889,156

Total Directors

$1,239,291

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH M BEJAR	EX-OFFICIO/ FIU PROVOST	1.00	Director	$0	$72,054	$599,567
YOLANGEL HERNANDEZ SUAREZ	DIRECTOR	1.00	Director	$0	$28,425	$374,022
SNEH GULATI	EX-OFFICIO, AS OF 9/2023	1.00	Director	$0	$37,985	$247,683
SANTANA WAY	EX-OFFICIO/FIU SGA, UNTIL 5/2024	1.00	Director	$0	$0	$9,780
ADALIO T SANCHEZ	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
HUMBERTO CABANAS	ALUMNI CENTER STEERING COMM CHAIR	1.00	Director	$0	$0	$0
ANDRE L TEIXEIRA	DIRECTOR	1.00	Director	$0	$0	$0
CANDIDO J VIYELLA	DIRECTOR	1.00	Director	$0	$0	$0
T GENE PRESCOTT	EX-OFFICIO	1.00	Director	$0	$0	$0
CARMEL J BARRAU	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA PUIG	DIRECTOR	1.00	Director	$0	$0	$0
CRISTINA DI MAURO	INVESTMENT SUB-COMMITTEE CHAIR	1.00	Director	$0	$0	$0
DAVID M ZINN	FIU VENTURES SUB-COMMITTEE CHAIR	1.00	Director	$0	$0	$0
FRANCIS A HONDAL	DIRECTOR	1.00	Director	$0	$0	$0
GERALD C GRANT JR	DEVELOPMENT MGMT CHAIR/VICE CHAIR	1.00	Officer Director	$0	$0	$0
NOEL J GUILLAMA-ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
IRA D GILLER	REAL ESTATE SUB-COMMITTEE VICE CHAIR	1.00	Director	$0	$0	$0
JAMES LOEWENHERZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY L HORSTMYER	DIRECTOR	1.00	Director	$0	$0	$0
JILL M GRANAT	SECRETARY	1.00	Officer Director	$0	$0	$0
JUAN CARLOS ALEXANDER	EX-OFFICIO/FIU ALUMNI, UNTIL 4/2024	1.00	Director	$0	$0	$0
JUAN J MARTINEZ	FOUNDATION ENTERPRISE GROWTH VICE CHAIR	1.00	Director	$0	$0	$0
JUAN R FIGUEREO	FOUNDATION ENTERPRISE GROWTH CHAIR	1.00	Director	$0	$0	$0
LATESSA DOTSON HALL	MEMBERSHIP & BOARD MGMT CO-VC	1.00	Director	$0	$0	$0
ALBERT R TANO	MEMBERSHIP & BOARD GOVERNANCE CHAIR	1.00	Director	$0	$0	$0
ELLIOT N STONE	REAL ESTATE SUB-COMMITTEE CHAIR	1.00	Director	$0	$0	$0
CARLOS A SABATER	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS C RAGAN	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO ROCHE	DIRECTOR	1.00	Director	$0	$0	$0
RAKESH AND RACHANEE SARNA	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BRILLIANT	LONG-TERM STRATEGIC PLANNING CHAIR	1.00	Director	$0	$0	$0
RICHARD P TONKINSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT M NAMOFF	DIRECTOR, UNTIL 3/2024	1.00	Director	$0	$0	$0
SERGIO ABREU JR	EX-OFFICIO	1.00	Director	$0	$0	$0
STEWART A APPELROUTH	AUDIT SUB-COMMITTEE CHAIR	1.00	Director	$0	$0	$0
ROBERT A BAER SR	DIRECTOR	1.00	Director	$0	$0	$0
MARCEL L NAVARRO	FINANCE COMMITTEE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
WALTER B GONZALEZ JR	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM BROWN	DIRECTOR, AS OF 10/2023	1.00	Director	$0	$0	$0
ALBERT LORENZO	DIRECTOR, AS OF 10/2023	1.00	Director	$0	$0	$0
HUGO MANTILLA	DIRECTOR, AS OF 2/2024	1.00	Director	$0	$0	$0
CARLOS A SOMOZA	DIRECTOR, AS OF 2/2024	1.00	Director	$0	$0	$0
DAVID ALMANSA	EX-OFFICIO/FIU SGA, AS OF 5/2024	1.00	Director	$0	$0	$8,239
SEAN GAZITUA	EX-OFFICIO/FIU ALUMNI, AS OF 4/2024	1.00	Director	$0	$0	$0
TINA M VIDAL-DUART	ATHLETICS SUB-COMMITTEE CHAIR	1.00	Director	$0	$0	$0
ADRIANNE N PERDOMO	ASST TREASURER	40.00	Officer	$16,663	$40,668	$195,444
KENNETH C HALL	CEO, AS OF 11/2024	40.00	Officer	$286,279	$183,156	$693,712
LINDA LEE MENAGE	CHIEF CAMPAIGN OFFICER/INTERIM CDO	40.00	Highest	$255,646	$45,191	$300,837
MELISSA HERNANDEZ	CAO UNTIL 06/30/2025	40.00	Highest	$214,005	$30,291	$244,296
SHIVANI JOSHI	INTERIM AVP, UNTIL 8/2024	40.00	Highest	$108,091	$31,986	$199,751
MICHAEL MARTINEZ	SENIOR DIRECTOR INFO SYSTEMS & DATA INTELLIGENCE	40.00	Highest	$17,376	$34,743	$185,443
CHRISTY MARTINEZ	ASSISTANT VICE PRESIDENT, ADVANCEMENT OPERATIONS	40.00	Highest	$79,423	$14,658	$164,894
PABLO ORTIZ	FORMER OFFICER	1.00		$0	$48,435	$235,547

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	$56,013,371	$56,920,547	$537,388,670	$-907,176
2024	$50,136,811	$55,849,450	$483,517,822	$-5,712,639
2023	$44,931,282	$52,727,138	$445,054,887	$-7,795,856
2022	$69,597,402	$75,528,149	$421,867,063	$-5,930,747
2021	$154,605,877	$42,979,783	$475,743,772	$111,626,094
2020	$44,742,844	$34,799,813	$346,373,305	$9,943,031
2019	$39,248,182	$37,384,542	$338,892,035	$1,863,640
2018	$37,011,852	$37,132,324	$372,168,223	$-120,472

FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION INC