Florida Beta Student Aid Fund (EIN 237366820) - 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

1971

Legal Domicile

Principal Officer

Brad Fortune

Phone

3523924734

Tax Period

2024-07-01 to 2025-06-30

Florida Beta Student Aid Fund, founded in 1971, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $956K left a modest 13% surplus.

Mission

Florida Beta Student Aid Fund owns and operates the fraternity house for the Gamma XI Chapter of Beta Theta Pi at the University of Florida in Gainesville, Florida.

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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 $1,100,971

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,100,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,527

Fundraising Expenses $0

Other Expenses $762,532

TOTAL EXPENSES $956,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,100,971	$808,839	+0.4%
Expenses	$956,213	$964,308	0.0%
Net Income	$144,758	$-155,469	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Becker	Board Member	1.00	Director	$0	$0	$0
Jake Silvola-Finch	Board Member	1.00	Director	$0	$0	$0
Dan Farmer	Board Member	1.00	Director	$0	$0	$0
Michael Thompson	Vice President	1.00	Director	$0	$0	$0
Peter Falisi	Board Member	1.00	Director	$0	$0	$0
Brad Fortune	President	1.00	Officer Director	$0	$0	$0
Hunter McTaggart	Treasurer	1.00	Officer Director	$0	$0	$0
Philip Ciano	Secretary	1.00	Officer 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
2025	$1,100,971	$956,213	$1,387,393	$144,758
2024	$808,839	$964,308	$1,306,751	$-155,469
2024	$808,839	$872,991	$2,625,702	$-64,152
2023	$969,931	$869,704	$2,809,420	$100,227
2022	$874,599	$763,366	$2,729,606	$111,233
2021	$663,728	$612,752	$2,686,632	$50,976
2020	$783,946	$788,780	$2,684,774	$-4,834
2019	$827,883	$754,634	$2,731,435	$73,249

Florida Beta Student Aid Fund