FLORIDA COLLEGE INC (EIN 590737882) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

JOHN WEAVER

Phone

8139885131

Tax Period

2024-06-01 to 2025-05-31

FLORIDA COLLEGE INC, founded in 1946, is a mid-sized nonprofit in the Education sector that reported $32.0M in total revenue in fiscal year 2024. Expenses of $30.3M left a modest 5% surplus.

Mission

A FULLY ACCREDITED FOUR YEAR LIBERAL ARTS COLLEGE AND ACADEMY FOR GRADES K-9.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,114,819

Program Service Revenue $22,392,831

Investment Income $1,246,889

Other Revenue $258,207

TOTAL REVENUE $32,012,746

Expense Breakdown

Grants Paid $4,679,302

Salaries & Benefits $13,529,695

Fundraising Expenses $924,468

Program Expenses $23,969,844

Other Expenses $12,129,574

TOTAL EXPENSES $30,338,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,012,746	$29,877,268	+0.1%
Expenses	$30,338,571	$27,575,425	+0.1%
Net Income	$1,674,175	$2,301,843	-0.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

438

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

$547,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
S CRAIG HODGES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSEPH P HAMMONTREE	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JIM SMITHERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID C ROBERTS	SECRETARY	1.00	Officer Director	$0	$0	$0
TODD COX	ASST. TREASURER	1.00	Officer Director	$0	$0	$0
C DANIEL KINGLSEY	ASST. SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN E HYDE	LEGAL LIAISON	1.00	Officer Director	$0	$0	$0
OLEN E BRITNELL	DIRECTOR	1.00	Director	$0	$0	$0
J BRADLEY CAVENDER	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE COX	DIRECTOR	1.00	Director	$0	$0	$0
A WALLACE HAYES	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES F NOWLIN SR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
TIM A SLONE	DIRECTOR	1.00	Director	$0	$0	$0
PAM STEWART	DIRECTOR	1.00	Director	$0	$0	$0
BRENT ROMINE	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN E THARP	DIRECTOR	1.00	Director	$0	$0	$0
OLIVER D GILLIAM	DIRECTOR (PART YEAR)	1.00	Director	$0	$0	$0
JOHN WEAVER	PRESIDENT	40.00	Officer	$163,839	$38,941	$202,780
JAMES LEWIS	VP OF FINANCE (PART YEAR)	40.00	Officer	$118,906	$36,694	$155,600
RUSTY COPELAND	PRINCIPAL	40.00	Officer	$95,275	$2,434	$97,709
DORSITY M COLE	INTERIM VP OF FINANCE (PART YEAR)/CONTROLLER	40.00	Officer	$64,279	$27,577	$91,856
SCOTT GROGAN	VP OF FINANCE	40.00	Officer	$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	$32,012,746	$30,338,571	$80,035,713	$1,674,175
2024	No data	No data	No data	No data
2023	$32,938,126	$27,215,678	$74,801,846	$5,722,448
2022	$29,466,766	$22,795,501	$69,815,506	$6,671,265
2021	$23,269,823	$20,085,284	$65,793,061	$3,184,539
2020	$19,309,104	$19,940,146	$59,525,599	$-631,042
2019	$19,491,273	$18,791,526	$54,934,890	$699,747
2018	$19,847,508	$18,295,928	$54,464,631	$1,551,580

FLORIDA COLLEGE INC