INDIAN RIVER STATE COLLEGE FOUNDAT… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

ANNABEL ROBERTSON

Phone

7724624786

Tax Period

2024-04-01 to 2025-03-31

INDIAN RIVER STATE COLLEGE FOUNDATION INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $16.3M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $2.8M, a strong 17% operating margin.

Mission

TO RECEIVE, HOLD, INVEST AND ADMINISTER PROPERTY, AND TO MAKE EXPENDITURES TO OR FOR THE BENEFIT OF INDIAN RIVER STATE COLLEGE

Program Service Accomplishments

Program 1

Expenses: $5,558,921 Revenue: $9,832,095

SCHOLARSHIPS TO STUDENTS AND GRANTS TO OR FOR THE BENEFIT OF INDIAN RIVER STATE COLLEGE

Program 2

Expenses: $5,468,199 Revenue: $1,127,096

PROVISION OF REAL PROPERTY AND OTHER FACILITIES FOR USE BY INDIAN RIVER STATE COLLEGE OR ITS STUDENTS

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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 $9,832,095

Program Service Revenue $1,127,096

Investment Income $5,284,924

Other Revenue $47,718

TOTAL REVENUE $16,291,833

Expense Breakdown

Grants Paid $9,225,900

Salaries & Benefits $1,682,818

Fundraising Expenses $481,384

Program Expenses $11,027,120

Other Expenses $2,568,972

TOTAL EXPENSES $13,477,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,291,833	$17,262,354	-0.1%
Expenses	$13,477,690	$38,703,592	-0.7%
Net Income	$2,814,143	$-21,441,238	-1.1%

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

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

$768,811

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR TIMOTHY E MOORE	IRSC PRESIDE	1.00	Director	$0	$48,071	$606,047
ANNABEL ROBERTSON	VP OF IA/FOU	1.00	Director	$0	$14,956	$162,764
RYAN C ABERNETHY	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL L ADAMS	AUDIT COMMIT	1.00	Officer Director	$0	$0	$0
MARC ADLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES AUSTIN ALDERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT E CAINE	MEMBERSHIP C	1.00	Officer Director	$0	$0	$0
STANLEY CAMPBELL	BOARD MEMBER	1.00	Director	$0	$0	$0
BERT CULBRETH	FUNDRAISING	1.00	Officer Director	$0	$0	$0
ALEX JOHNS	BOARD MEMBER	1.00	Director	$0	$0	$0
CURTIS JOHNSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK LIBUTTI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTA LUNA	BOT CHAIR	1.00	Officer Director	$0	$0	$0
DOUGLAS J MARCELLO	INVESTMENT C	1.00	Officer Director	$0	$0	$0
BRIAN MELEAR	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD E MELLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER W RUCKS	BOARD MEMBER	1.00	Director	$0	$0	$0
AMBER WOODS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE BECKWITH WOODY	BOARD MEMBER	1.00	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
2025	$2,133,184	$2,023,893	$166,528,096	$109,291
2025	$16,291,833	$13,477,690	$157,550,879	$2,814,143
2024	$17,262,354	$38,703,592	$153,559,303	$-21,441,238
2023	$12,074,877	$13,183,023	$171,602,015	$-1,108,146
2022	$29,628,279	$10,713,652	$183,397,319	$18,914,627
2021	$63,532,564	$13,601,993	$181,470,346	$49,930,571
2020	$5,002,416	$10,708,474	$103,387,229	$-5,706,058

INDIAN RIVER STATE COLLEGE FOUNDATION INC