FLORIDA CLASSIC CONSORTIUM CORPORA… - 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

2006

Legal Domicile

Principal Officer

MARVA JOHNSON

Phone

4074232476

Tax Period

2024-04-01 to 2025-03-31

FLORIDA CLASSIC CONSORTIUM CORPORATION, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $5.1M in total revenue in fiscal year 2024.

Mission

THE PRIMARY PURPOSE OF THE FLORIDA CLASSIC CONSORTIUM CORPORATION IS TO ORGANIZE, SPONSOR, MANAGE, PRODUCE, PROMOTE AND PARTICIPATE IN THE INTERCOLLEGIATE ATHLETIC FOOTBALL CONFERENCE CONTEST BETWEEN FLORIDA A&M UNIVERSITY AND BETHUNE-COOKMAN UNIVERSITY; TO SOLICIT, RAISE, AND OTHERWISE RECEIVE FUNDS FROM SPONSORS AND THE GENERAL PUBLIC AND TO USE, CONTRIBUTE, DISPERSE AND DISPOSE OF SUCH FUNDS FOR THE ABOVE PURPOSES AND THE INTERCOLLEGIATE ATHLETIC PROGRAMS OF THE ABOVE-MENTIONED EDUCATIONAL INSTITUTIONS.

Program Service Accomplishments

Program 1

Expenses: $4,690,973 Revenue: $5,139,804

THE FLORIDA CLASSIC CONSISTS OF THE FOOTBALL GAME PLAYED BETWEEN BETHUNE-COOKMAN UNIVERSITY ("B-CU") AND FLORIDA A&M UNIVERSITY ("FAMU") AND RELATED ANCILLARY EVENTS. THESE EVENTS INCLUDE THE BATTLE OF THE BANDS, KICKOFF LUNCHEON, FAN FEST, AND THE NIGHT OF DISTINCTION. THE NET PROCEEDS FROM THE FOOTBALL GAME AND ANCILLARY EVENTS ARE CONTRIBUTED TO B-CU AND FAMU.

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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 $5,139,804

Investment Income $94

Other Revenue $0

TOTAL REVENUE $5,139,898

Expense Breakdown

Grants Paid $2,811,062

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,690,973

Other Expenses $2,328,836

TOTAL EXPENSES $5,139,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,139,898	$4,769,115	+0.1%
Expenses	$5,139,898	$4,769,115	+0.1%
Net Income	$0	$0	N/A

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

100

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

$946,090

Total Directors

$3,414,282

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR LARRY ROBINSON	CO-CHAIR UNTIL 8/4/24	1.00	Officer Director	$0	$79,155	$360,149
DR TIMOTHY BEARD	CO-CHAIR SINCE 8/5/24	1.00	Officer Director	$0	$71,419	$235,404
W REBECCA BROWN	TREASURER/SECRETARY	1.00	Director	$0	$141,163	$441,205
CARMEN CUMMINGS	DIRECTOR	1.00	Director	$0	$47,667	$198,412
TIFFANI-DAWN SYKES	DIRECTOR UNTIL 8/2/24	1.00	Director	$0	$65,808	$251,404
ANGELA SUGGS	DIRECTOR SINCE 10/7/24	1.00	Director	$0	$25,461	$84,848
DR DONALD PALM	DIRECTOR SINCE 10/14/24	1.00	Director	$0	$71,559	$422,900
CURTIS JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SHAWNTA FRIDAY-STROUD	DIRECTOR UNTIL 10/14/24	1.00	Director	$0	$0	$0
DR WILLIAM BERRY	CO-CHAIR	1.00	Officer Director	$0	$0	$350,537
REGGIE THEUS	DIRECTOR	1.00	Director	$0	$0	$530,775
JAMES CLEVELAND	DIRECTOR	1.00	Director	$0	$6,927	$213,640
DR KAREN BEARDEN	DIRECTOR	1.00	Director	$0	$0	$325,008
KIMBERLY WOODARD	DIRECTOR UNTIL 10/14/24	1.00	Director	$0	$0	$0
JENNIFER ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
DR CLARISSA WEST-WHITE	DIRECTOR SINCE 10/14/24	1.00	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	$5,139,898	$5,139,898	$1,701,831	No data
2024	$4,769,115	$4,769,115	$2,071,712	No data
2023	$4,224,562	$4,224,562	$1,369,473	No data
2022	$3,646,276	$3,646,276	$1,265,736	No data
2021	$412,117	$412,117	$480,512	No data
2020	$3,423,357	$3,423,357	$1,074,783	No data

FLORIDA CLASSIC CONSORTIUM CORPORATION