FLORIDA SOUTHWESTERN STATE COLLEGE FINANCING CORPORATION

EIN: 261591757 501(c)(3) Education

FORT MYERS, FL

Total Revenue
$3,806,954
Total Expenses
$3,243,210
Total Assets
$36,383,602
Net Assets
$17,961,354
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
JEFF ALLBRITTEN
Phone
2394899091
Tax Period
2023-04-01 to 2024-03-31

FLORIDA SOUTHWESTERN STATE COLLEGE FINANCING CORPORATION, founded in 2007, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $3.2M left a modest 15% surplus.

Mission

TO RECEIVE, HOLD, INVEST, AND ADMINISTER REAL ESTATE PROPERTY,INCLUDING PROVIDING STUDENT HOUSING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $410,901
Program Service Revenue $2,941,498
Investment Income $454,555
Other Revenue $0
TOTAL REVENUE $3,806,954

Expense Breakdown

Grants Paid $22,125
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,959,474
Other Expenses $3,221,085
TOTAL EXPENSES $3,243,210

Year-over-Year Comparison

2023 2022 Change
Revenue $3,806,954 $12,316,066 -0.7%
Expenses $3,243,210 $2,905,093 +0.1%
Net Income $563,744 $9,410,973 -0.9%
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

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Governance

Voting Members
7
Independent Members
6
Employees
3
Volunteers
9

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
5
$1,370,334
Total Directors
8
$1,098,132
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFERY ALLBRITTEN DA PRESIDENT 3.00
Officer Director
$0 $373,167 $859,112
JOE COLEMAN SECRETARY 3.00
Officer Director
$0 $40,785 $239,020
MARY LEE MANN CHAIR 1.00
Officer Director
$0 $0 $0
ROBERT BOB JONES VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JOHN NOLAND DIRECTOR 1.00
Director
$0 $0 $0
RANDALL T PARRISH JR DIRECTOR 1.00
Director
$0 $0 $0
SANKEY EDDIE WEBB III DIRECTOR 1.00
Director
$0 $0 $0
TRISTAN TRIS CHAPMAN DIRECTOR 1.00
Director
$0 $0 $0
GINA B DOEBLE CPA TREASURER 5.00
Officer
$0 $57,934 $272,202
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 No data No data No data No data
2024 $3,806,954 $3,243,210 $36,383,602 $563,744
2023 $12,316,066 $2,905,093 $36,593,436 $9,410,973
2022 $4,273,959 $3,803,722 $27,883,098 $470,237
2021 $2,538,439 $2,641,092 $28,203,369 $-102,653
2020 $3,267,598 $2,660,434 $28,868,318 $607,164
2019 $3,398,875 $2,520,350 $29,108,758 $878,525
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