New College Foundation Inc (EIN 590911744) - 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

1960

Legal Domicile

Phone

9414874801

Tax Period

2024-07-01 to 2025-06-30

New College Foundation Inc, founded in 1960, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2024. Revenue surged 601% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.2M, a strong 65% operating margin.

Mission

To support the priorities of New College of Florida by cultivating and stewarding donors and managing assets.

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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 $5,757,511

Program Service Revenue $3,500

Investment Income $8,313,578

Other Revenue $3,086

TOTAL REVENUE $14,077,675

Expense Breakdown

Grants Paid $3,108,611

Salaries & Benefits $449,466

Fundraising Expenses $231,185

Program Expenses $3,969,205

Other Expenses $1,343,479

TOTAL EXPENSES $4,901,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,077,675	$2,007,354	+6.0%
Expenses	$4,901,556	$4,961,286	0.0%
Net Income	$9,176,119	$-2,953,932	-4.1%

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

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

$517,389

Total Directors

$247,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Kendall	Chair	1.0	Officer Director	$0	$0	$0
Christie Fitz-Patrick	Treasurer; Chief of Staff New College	1.0	Officer Director	$0	$40,296	$247,004
James McDonald	Vice Chair	1.0	Officer Director	$0	$0	$0
JJ Fermin Miranda	Secretary	1.0	Officer Director	$0	$0	$0
Alicja AJ Janson	Director	1.0	Director	$0	$0	$0
Brian McCarthy	Director	1.0	Director	$0	$0	$0
David Smith	Director	1.0	Director	$0	$0	$0
Debra Jenks	Director	1.0	Director	$0	$0	$0
Dr Lance Karp	Director	1.0	Director	$0	$0	$0
Elizabeth Moore	Director	1.0	Director	$0	$0	$0
Eric Robinson	Director	1.0	Director	$0	$0	$0
Greg Douglas	Director	1.0	Director	$0	$0	$0
Joshua Ingram	Director	1.0	Director	$0	$0	$0
Mary Gratehouse	Director	1.0	Director	$0	$0	$0
Mike Rahn	Director	1.0	Director	$0	$0	$0
Rob Bilott	Director	1.0	Director	$0	$0	$0
Stuart Clarry	Director	1.0	Director	$0	$0	$0
Sydney Gruters	NCF Executive Director	40.0	Officer	$201,000	$69,385	$270,385

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	$14,077,675	$4,901,556	$57,947,210	$9,176,119
2024	$2,007,354	$4,961,286	$50,064,126	$-2,953,932
2023	$4,698,283	$5,938,762	$49,806,812	$-1,240,479
2022	$4,354,121	$5,329,272	$47,981,303	$-975,151
2021	$13,139,360	$4,529,307	$57,816,203	$8,610,053
2020	$2,384,120	$3,899,793	$45,849,740	$-1,515,673
2019	$7,542,357	$4,343,070	$48,454,962	$3,199,287
2018	$4,464,704	$3,902,280	$47,004,392	$562,424

New College Foundation Inc