FLORIDA SOUTHERN COLLEGE (EIN 590624401) - 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

1885

Legal Domicile

Principal Officer

DR JEREMY P MARTIN

Phone

8636804148

Tax Period

2024-06-01 to 2025-05-31

FLORIDA SOUTHERN COLLEGE, founded in 1885, is a major nonprofit in the Education sector that reported $188.2M in total revenue in fiscal year 2024. Expenses of $176.3M left a modest 6% surplus.

Mission

PRIVATE UNITED METHODIST AFFILIATED COLLEGE THAT IS COMMITTED TO EDUCATIONAL EXCELLENCE.

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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 $23,342,841

Program Service Revenue $156,085,266

Investment Income $6,568,981

Other Revenue $2,235,046

TOTAL REVENUE $188,232,134

Expense Breakdown

Grants Paid $64,082,198

Salaries & Benefits $53,535,590

Fundraising Expenses $1,650,675

Program Expenses $154,084,990

Other Expenses $58,671,405

TOTAL EXPENSES $176,289,193

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,232,134	$195,738,425	0.0%
Expenses	$176,289,193	$167,372,495	+0.1%
Net Income	$11,942,941	$28,365,930	-0.6%

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

1694

Volunteers

175

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

$2,133,598

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT L FRYER JR	CHAIRMAN	10.00	Officer Director	$0	$0	$0
RICHARD T FULTON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT E PUTERBAUGH	SECRETARY	5.00	Officer Director	$0	$0	$0
WILLIAM E CRENSHAW	TREASURER	1.00	Officer Director	$0	$0	$0
J STEPHEN BUCK	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
KEITH R BEREND	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN F BROWNE JR	TRUSTEE	1.00	Director	$0	$0	$0
SONJI CONEY	TRUSTEE	1.00	Director	$0	$0	$0
BISHOP ROBERT E FANNIN	TRUSTEE	1.00	Director	$0	$0	$0
ALFONSO GARCIA III	TRUSTEE	1.00	Director	$0	$0	$0
ANN H HANSEN	TRUSTEE	1.00	Director	$0	$0	$0
ROGER W HOLLER III	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD C JENSEN	TRUSTEE (THRU 5/31/2025)	1.00	Director	$0	$0	$0
BERNARD L LITTLE JR	TRUSTEE (THRU 5/31/2025)	1.00	Director	$0	$0	$0
STANLEY Y LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY A MASTERS	TRUSTEE (AS OF 6/1/2024)	1.00	Director	$0	$0	$0
DOMINGO R MOREIRA	TRUSTEE	1.00	Director	$0	$0	$0
H WILLIAM MUTZ	TRUSTEE (THRU 5/31/2025)	1.00	Director	$0	$0	$0
MARK A PITTS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM K POU JR	TRUSTEE	1.00	Director	$0	$0	$0
MARJORIE H ROBERTS	TRUSTEE (THRU 5/31/2025)	1.00	Director	$0	$0	$0
JULIA L ROBERTS	TRUSTEE (AS OF 6/1/2024)	1.00	Director	$0	$0	$0
SUSAN E ROBERTS	TRUSTEE	1.00	Director	$0	$0	$0
J JASON RODDA	TRUSTEE	1.00	Director	$0	$0	$0
DAVID E ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE W ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
CAROLINE H SCHICHTEL	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT R SHARP	TRUSTEE	1.00	Director	$0	$0	$0
EVETT L SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
W SCOTT THORNTON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID J ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM D DROST	TRUSTEE	1.00	Director	$0	$0	$0
JACK R HARRELL III	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY B MAKRIS	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY G BARNETT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL A CAMPANELLI	TRUSTEE	1.00	Director	$0	$0	$0
EVELYN P DOHERTY	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY J FANCELLI	TRUSTEE	1.00	Director	$0	$0	$0
ANNE B KERR	PRESIDENT (THRU 07/2024)	40.00	Officer	$488,490	$49,514	$538,004
JEREMY P MARTIN	PRESIDENT (AS OF 08/2024)	40.00	Officer	$181,046	$25,945	$206,991
V TERRY DENNIS	VP OF FINANCE AND ADMINIST	40.00	Officer	$355,768	$40,722	$396,490
JOHN P GRUNDIG	VP OF ENROLLMENT MANAGEMEN	40.00	Officer	$292,552	$47,991	$340,543
HEATHER PHARRIS	VP OF DEVELOPMENT	40.00	Officer	$223,444	$36,171	$259,615
TRACEY D TEDDER	PROVOST	40.00	Officer	$227,500	$32,001	$259,501
LAUREN ALBAUM	VP OF STUDENT LIFE	40.00	Officer	$120,159	$12,295	$132,454
J MICHAEL WEBER	DEAN OF BUSINESS	40.00	Highest	$253,380	$31,908	$285,288
KRISTA LEWELLYN	MBA PROGRAM DIRECTOR	40.00	Highest	$240,573	$22,386	$262,959
GRISSELLE CENTENO	PROFESSOR	40.00	Highest	$243,175	$22,045	$265,220
WARREN WAITE WILLIS	PROFESSOR	40.00	Highest	$281,840	$14,230	$296,070
LALY JOSEPH	DEAN OF NURSING	40.00	Highest	$295,000	$34,821	$329,821

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	$188,232,134	$176,289,193	$359,297,958	$11,942,941
2024	$195,738,425	$167,372,495	$344,271,848	$28,365,930
2023	$164,767,465	$164,207,263	$308,595,580	$560,202
2022	$158,647,650	$153,608,007	$312,839,193	$5,039,643
2020	$143,874,205	$134,862,147	$276,996,972	$9,012,058
2019	$135,701,989	$135,419,033	$264,539,025	$282,956
2018	$139,160,048	$123,573,558	$266,107,601	$15,586,490

FLORIDA SOUTHERN COLLEGE