Jacksonville University (EIN 590624412) - 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

1934

Legal Domicile

Phone

9042567082

Tax Period

2023-07-01 to 2024-06-30

Jacksonville University, founded in 1934, is a major nonprofit in the Education sector that reported $197.9M in total revenue in fiscal year 2023.

Mission

Jacksonville University empowers students for life-long growth as global citizens through a transformative, innovative educational experience, built on excellence in community-centered service.

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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 $19,988,330

Program Service Revenue $171,340,146

Investment Income $3,503,653

Other Revenue $3,099,854

TOTAL REVENUE $197,931,983

Expense Breakdown

Grants Paid $79,947,053

Salaries & Benefits $66,847,181

Fundraising Expenses $1,457,820

Program Expenses $173,762,581

Other Expenses $64,769,915

TOTAL EXPENSES $211,564,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,931,983	$190,889,661	+0.0%
Expenses	$211,564,149	$189,944,057	+0.1%
Net Income	$-13,632,166	$945,604	-15.4%

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

1787

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

$1,822,244

Total Directors

$1,488,952

Key Employees

$679,928

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Joseph	Trustee (thru May 2024), Secretary & Advocate (BEG. May 2024)	1.0	Officer Director	$0	$0	$0
Frank Martire	Treasurer	1.0	Officer Director	$0	$0	$0
Jamie Shelton	Secretary & Advocate (THRU May 2024)	1.0	Officer Director	$0	$0	$0
John Miller	Vice Chairman	1.0	Officer Director	$0	$0	$0
Matthew Kane	Chairman	1.0	Officer Director	$0	$0	$0
Timothy P Cost	President	40.0	Officer Director	$1,355,129	$133,823	$1,488,952
Amy Berg	Trustee	1.0	Director	$0	$0	$0
Audrey Moran	Trustee	1.0	Director	$0	$0	$0
Barry Gleichenhaus	Trustee	1.0	Director	$0	$0	$0
Clay Meux	Trustee	1.0	Director	$0	$0	$0
Cynthia Chomiak	Trustee (THRU MAY 2024)	1.0	Director	$0	$0	$0
Dane Grey	Trustee	1.0	Director	$0	$0	$0
G Ray Driver	Trustee	1.0	Director	$0	$0	$0
Jannet Walker Ford	Trustee	1.0	Director	$0	$0	$0
JF Bryan IV	Trustee	1.0	Director	$0	$0	$0
Joseph Sanchez	Trustee	1.0	Director	$0	$0	$0
Ken Babby	Trustee	1.0	Director	$0	$0	$0
Kent Thielen MD	Trustee	1.0	Director	$0	$0	$0
Laura Angelini	Trustee	1.0	Director	$0	$0	$0
Lee Nimnicht	Trustee	1.0	Director	$0	$0	$0
Linda Stein	Trustee (THRU MAY 2024)	1.0	Director	$0	$0	$0
Mark Bennett	Trustee	1.0	Director	$0	$0	$0
Marsha Oliver	Trustee	1.0	Director	$0	$0	$0
Nina Waters	Trustee	1.0	Director	$0	$0	$0
Paul Boynton	Trustee	1.0	Director	$0	$0	$0
Roseann Duran	Trustee (THRU JAN 2024)	1.0	Director	$0	$0	$0
Russ Thomas	Trustee	1.0	Director	$0	$0	$0
Timothy Groover MD	Trustee	1.0	Director	$0	$0	$0
Will Weatherford	Trustee	1.0	Director	$0	$0	$0
Randal Freebourn	Senior VP, CFO	40.0	Officer	$264,913	$68,379	$333,292
Dr Christine Sapienza	Executive VP, Partnership & Development	40.0	Key Emp	$365,677	$77,804	$443,481
Sherri Jackson	Interim Provost	40.0	Key Emp	$207,233	$29,214	$236,447
Alex Ricker-Gilbert	SVP, Athletic Director	40.0	Highest	$306,272	$25,518	$331,790
Barbara Ritter	Dean, DCOB	40.0	Highest	$286,562	$25,487	$312,049
Eman Othman	Assistant Professor Orthodontics	40.0	Highest	$277,102	$24,088	$301,190
Jordan Mincy	Head Coach, Men's Basketball	40.0	Highest	$353,536	$30,717	$384,253
Nicholas Allard	Dean, College of Law	40.0	Highest	$370,854	$10,026	$380,880

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	$197,931,983	$211,564,149	$402,293,980	$-13,632,166
2023	$190,889,661	$189,944,057	$384,273,459	$945,604
2022	$178,973,477	$175,920,087	$366,536,773	$3,053,390
2021	$172,045,418	$159,594,847	$361,875,229	$12,450,571
2020	$162,482,722	$166,158,403	$349,299,153	$-3,675,681
2019	$153,006,868	$157,482,048	$343,816,211	$-4,475,180
2018	$138,564,082	$142,549,331	$329,881,431	$-3,985,249

Jacksonville University