FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION INC (EIN 461426289) - 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

2012

Legal Domicile

Principal Officer

KELLI STARGEL

Phone

8638748416

Tax Period

2023-07-01 to 2024-06-30

FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION INC, founded in 2012, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 3% surplus.

Mission

ESTABLISHED TO HELP SUSTAIN THE MISSION OF FLORIDA POLYTECHNIC UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,702,989

Program Service Revenue $0

Investment Income $94,621

Other Revenue $0

TOTAL REVENUE $1,797,610

Expense Breakdown

Grants Paid $516,331

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $589,454

Other Expenses $1,222,436

TOTAL EXPENSES $1,738,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,797,610	$6,503,828	-0.7%
Expenses	$1,738,767	$1,403,994	+0.2%
Net Income	$58,843	$5,099,834	-1.0%

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

$945,849

Total Directors

$690,019

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY AVENT	PRESIDENT	15.00	Officer Director	$0	$53,203	$690,019
JACK HARRELL III	CHAIR	1.25	Officer Director	$0	$0	$0
ANA WOOD-ROGERS	VICE CHAIR	1.25	Officer Director	$0	$0	$0
ANTHONY ADAMS	DIRECTOR	1.25	Director	$0	$0	$0
TODD BAYLISS	DIRECTOR (THRU 5/20/24)	1.25	Director	$0	$0	$0
CINDY ALEXANDER	DIRECTOR	1.25	Director	$0	$0	$0
JOHN CURLS JR	DIRECTOR	1.25	Director	$0	$0	$0
PHILLIPS GREENBERG	DIRECTOR	1.25	Director	$0	$0	$0
TRAVIS HILLS	DIRECTOR	1.25	Director	$0	$0	$0
JUSTIN HOLLIS	DIRECTOR	1.25	Director	$0	$0	$0
CADY JOHNSON	DIRECTOR	1.25	Director	$0	$0	$0
KRISTEN LOWERS	DIRECTOR	1.25	Director	$0	$0	$0
JOSHUA MCCOY	DIRECTOR	1.25	Director	$0	$0	$0
ADRIAN MUHAMMAD	DIRECTOR	1.25	Director	$0	$0	$0
IVETTE O'DOSKI	DIRECTOR	1.25	Director	$0	$0	$0
RYAN PEREZ	DIRECTOR	1.25	Director	$0	$0	$0
DR MUHAMMAD RASHID	DIRECTOR	1.25	Director	$0	$0	$0
DONNA SLYSTER	DIRECTOR	1.25	Director	$0	$0	$0
ALEN TOMCZAK	DIRECTOR	1.25	Director	$0	$0	$0
MICHAEL TSCHANZ	DIRECTOR	1.25	Director	$0	$0	$0
RYAN WHITTEMORE	DIRECTOR	1.25	Director	$0	$0	$0
DON WILSON	DIRECTOR	1.25	Director	$0	$0	$0
KATHLEEN BOWMAN	CEO	40.00	Officer	$0	$42,744	$255,830

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	$1,797,610	$1,738,767	$12,527,317	$58,843
2023	$6,503,828	$1,403,994	$13,652,470	$5,099,834
2022	$3,454,708	$1,295,679	$9,127,094	$2,159,029
2021	$2,248,809	$1,041,082	$8,498,685	$1,207,727
2020	$775,918	$1,010,137	$6,935,899	$-234,219
2019	$841,356	$1,131,151	$6,869,877	$-289,795
2018	$1,671,478	$2,051,526	$7,091,332	$-380,048

FLORIDA POLYTECHNIC UNIVERSITY FOUNDATION INC