ASSOCIATION OF FLORIDA COLLEGES INC (EIN 591423380) - 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

1968

Legal Domicile

Principal Officer

TONY CARVAJAL

Phone

8502223222

Tax Period

2024-07-01 to 2025-06-30

ASSOCIATION OF FLORIDA COLLEGES INC, founded in 1968, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE ASSOCIATION IS TO ACTIVELY PROMOTE, REPRESENT, AND SUPPORT MEMBERS AND INSTITUTIONS AS THEY PROVIDE THEIR STUDENTS AND THE CITIZENS OF FLORIDA WITH A WORLD-CLASS COLLEGE SYSTEM.

🔒

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 $1,362,110

Program Service Revenue $239,846

Investment Income $33

Other Revenue $8,367

TOTAL REVENUE $1,610,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $487,605

Fundraising Expenses $0

Other Expenses $1,080,379

TOTAL EXPENSES $1,567,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,610,356	$1,123,471	+0.4%
Expenses	$1,567,984	$1,380,111	+0.1%
Net Income	$42,372	$-256,640	-1.2%

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

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

$194,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ROSS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANNE VALDIVIA	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
RORY WELLS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT WETZEL	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL BROADIE	AT LARGE	1.00	Director	$0	$0	$0
TOM LOBASSO	AT LARGE	1.00	Director	$0	$0	$0
GEORGIA LORENZ	AT LARGE	2.00	Director	$0	$0	$0
AVA PARKER	AT LARGE	1.00	Director	$0	$0	$0
STEVEN CRUDUP	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TONY CARVAJAL	EXECUTIVE DIRECTOR	40.00	Officer	$175,000	$19,677	$194,677

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	$1,610,356	$1,567,984	$453,170	$42,372
2024	No data	No data	No data	No data
2023	$994,756	$945,738	$546,080	$49,018
2022	$1,036,333	$864,870	$531,433	$171,463
2021	$909,644	$848,519	$479,193	$61,125
2019	$1,194,823	$1,254,958	$388,844	$-60,135
2018	$1,203,541	$1,522,872	$399,960	$-319,331
2017	$1,862,722	$2,254,736	$701,722	$-392,014

ASSOCIATION OF FLORIDA COLLEGES INC