FLORIDA STATE UNIVERSITY PANAMA CI… - 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

2023

Legal Domicile

Principal Officer

DEBBI WHITAKER

Phone

8507702900

Tax Period

2024-07-01 to 2025-06-30

FLORIDA STATE UNIVERSITY PANAMA CITY DEVELOPMENTAL LABORATORY CHARTER SCHOOL, founded in 2023, is a community nonprofit in the Education sector that reported $3.3M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 11% surplus.

Mission

THE COLLEGIATE SCHOOL AT FLORIDA STATE UNIVERSITY PANAMA CITY IS A DEVELOPMENTAL RESEARCH LABORATORY CHARTER SCHOOL UNDER THE ADVISEMENT OF THE COLLEGE OF EDUCATION AT FLORIDA STATE UNIVERSITY. THE COLLEGIATE SCHOOL OFFERS A COLLEGIATE HIGH SCHOOL EXPERIENCE, SERVING FAMILIES AND STUDENTS RESIDING IN THE FLORIDA PANHANDLE WITH SPECIAL CONSIDERATION FOR THE NEEDS OF MILITARY DEPENDENTS. THE COLLEGIATE SCHOOL AIMS TO IMMERSE SECONDARY STUDENTS IN A COLLEGIATE ENVIRONMENT WHERE CAREER PATHS ARE EXPLORED, ACCELERATED CREDITS ARE EARNED, AND STUDENTS ARE PREPARED FOR A SEAMLESS ENTRY INTO POST-SECONDARY STUDY AND THE WORKFORCE. IN GRADES 9 AND 10, STUDENTS COMPLETE A TRADITIONAL HIGH SCHOOL CURRICULUM WITH CAREER-THEMED COURSES LEADING TO INDUSTRY CERTIFICATIONS ALONGSIDE DUAL ENROLLMENT COURSEWORK. STUDENTS IN GRADES 11 AND 12 DUAL ENROLL ON THE FSU PANAMA CITY CAMPUS, IF ELIGIBLE, TO EARN HIGH SCHOOL AND COLLEGE CREDITS SIMULTANEOUSLY. STUDENTS AT ALL GRADE LEVELS PARTICIPATE IN INTEGRATED ACADEMIC SEMINARS AND CAREFULLY PLANNED COURSEWORK TO ENCOURAGE THEM TO REFLECT, INTEGRATE, SYNTHESIZE, AND APPLY ACADEMIC PRINCIPLES TO CAREER DEVELOPMENT AND LIFE-LONG LEARNING.

Program Service Accomplishments

Program 1

Expenses: $2,838,574 Revenue: $1,718,959

THE COLLEGIATE SCHOOL IS A TUITION-FREE DEVELOPMENTAL LABORATORY CHARTER SCHOOL OFFERING A RIGOROUS COLLEGE PREPARATORY CURRICULUM AND CAREER PREPARATION. THE SCHOOL HAD 205 STUDENTS ENROLLED FOR THE...

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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 $1,534,492

Program Service Revenue $1,718,959

Investment Income $17,479

Other Revenue $689

TOTAL REVENUE $3,271,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,680,938

Fundraising Expenses $10,621

Program Expenses $2,838,574

Other Expenses $1,235,499

TOTAL EXPENSES $2,916,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,271,619	$3,171,883	+0.0%
Expenses	$2,916,437	$2,520,206	+0.2%
Net Income	$355,182	$651,677	-0.5%

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

$685,097

Total Directors

$795,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GILLIAN GREGORY	CHAIR AS OF 1/2025; VICE CHAIR UNTIL 12/2024	1.00	Officer Director	$0	$34,304	$161,143
DR IRVIN CLARK	VICE CHAIR AS OF 1/2025; SECRETARY UNTIL 12/2024	1.00	Officer Director	$0	$38,787	$180,823
DR TYLER TOWNE	SECRETARY AS OF 1/2025; TREASURER UNTIL 12/2024	1.00	Officer Director	$0	$30,892	$141,376
DR KEVIN FOREHAND	TREASURER AS OF 1/2025; CHAIR UNTIL 12/2024	1.00	Officer Director	$0	$9,286	$94,279
DR ROBERT SCHOEN	BOARD MEMBER	1.00	Director	$0	$44,142	$217,699
JESSICA CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER CONOLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEY GINN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBBI WHITAKER	EXECUTIVE DIRECTOR	40.00	Officer	$86,674	$20,802	$107,476

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	$3,271,619	$2,916,437	$4,798,928	$355,182
2024	No data	No data	No data	No data
2023	No data	No data	No data	No data

FLORIDA STATE UNIVERSITY PANAMA CITY DEVELOPMENTAL LABORATORY CHARTER SCHOOL