FLORIDA ACADEMY OF SCIENCES INC (EIN 591004603) - 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

1963

Legal Domicile

Principal Officer

RICHARD TURNER

Phone

3216748196

Tax Period

2022-01-01 to 2022-12-31

FLORIDA ACADEMY OF SCIENCES INC, founded in 1963, is a micro nonprofit in the Science & Technology sector that reported $39K in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PURPOSES OF THE CORPORATION SHALL BE TO PROMOTE SCIENTIFIC RESEARCH, TO STIMULATE INTEREST IN THE SCIENCES, TO ENCOURAGE THE DIFFUSION OF SCIENTIFIC KNOWLEDGE, TO SPONSOR GOOD SCIENTIFIC TEACHING, TO FOSTER PUBLIC AND GOVERNMENTAL UNDERSTANDING AND APPRECIATION OF THE SCIENCES AND THE INDUSTRIES THAT APPLY THEM, TO ASSIST IN THE FORMULATION OF LONG-RANGE PLANS TOGETHER WITH A TIME SEQUENCE OF PRIORITIES FOR THE DISPOSITION OF BOTH NATURAL AND TECHNICAL RESOURCES, TO PROMOTE ETHICAL APPLICATION OF THE SCIENCES TO THE SERVICE OF HUMANITY, TO BRING SUITABLE RECOGNITION FOR SCIENTIFIC ACHIEVEMENT, TO ARRANGE MEETINGS FOR THE PRESENTATION AND EXCHANGE OF SCIENTIFIC FINDINGS AND TO PUBLISH A JOURNAL TOGETHER WITH OTHER SCIENTIFIC WORKS AS MAY FURTHER THE PURPOSES OF THE CORPORATION. THE FLORIDA ACADEMY OF SCIENCES, INC. SPONSORS THE FLORIDA JUNIOR ACADEMY OF SCIENCE TO ENCOURAGE YOUNG SCIENTISTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,555

Program Service Revenue $8,208

Investment Income $19,714

Other Revenue $4,320

TOTAL REVENUE $38,797

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,281

Other Expenses $38,395

TOTAL EXPENSES $44,395

Year-over-Year Comparison

	2022	2021	Change
Revenue	$38,797	$87,060	-0.6%
Expenses	$44,395	$63,520	-0.3%
Net Income	$-5,598	$23,540	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIN BELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
SESHA SRINIVASAN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
NORINE NOONAN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD TURNER	TREASURER	1.00	Officer Director	$0	$0	$0
THOMAS ARNOLD	DIRECTOR	0.50	Director	$0	$0	$0
JAMES AUSTIN	DIRECTOR	0.50	Director	$0	$0	$0
JULIE BOSWELL	DIRECTOR	0.50	Director	$0	$0	$0
GEUORGUI BOUROV	DIRECTOR	0.50	Director	$0	$0	$0
CARMEN CARPENTER	DIRECTOR	0.50	Director	$0	$0	$0
TOM D'ELIA	DIRECTOR	0.50	Director	$0	$0	$0
IAIN DUFFY	DIRECTOR	0.50	Director	$0	$0	$0
JAMES HAWKER	DIRECTOR	0.50	Director	$0	$0	$0
KYM HOLZWART	DIRECTOR	0.50	Director	$0	$0	$0
MARGARET HOPSON-FERNANDES	DIRECTOR	0.50	Director	$0	$0	$0
KELLI HUNSUCKER	DIRECTOR	0.50	Director	$0	$0	$0
ANA JIMENEZ	DIRECTOR	0.50	Director	$0	$0	$0
RICHARDO JIMENEZ	DIRECTOR	0.50	Director	$0	$0	$0
LEYA JOYKUTTY	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KARLEN	DIRECTOR	0.50	Director	$0	$0	$0
ALVAN KARLIN	DIRECTOR	0.50	Director	$0	$0	$0
SARAH KREJCI	DIRECTOR	0.50	Director	$0	$0	$0
ERIN MAHANEY	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN MAIERS	DIRECTOR	0.50	Director	$0	$0	$0
LAURA MUDD	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL ROBINSON	DIRECTOR	0.50	Director	$0	$0	$0
SANJAY SESODIA	DIRECTOR	0.50	Director	$0	$0	$0
I JACK STOUT	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER WORTHAM	DIRECTOR	0.50	Director	$0	$0	$0
ANNA NORRIS	DIRECTOR	0.50	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
2022	$38,797	$44,395	$798,750	$-5,598
2021	$87,060	$63,520	$922,377	$23,540

FLORIDA ACADEMY OF SCIENCES INC