DAYTONA STATE COLLEGE FOUNDATION INC (EIN 591581805) - 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

1975

Legal Domicile

Principal Officer

MARTIN CASS

Phone

3865063658

Tax Period

2023-01-01 to 2023-12-31

DAYTONA STATE COLLEGE FOUNDATION INC, founded in 1975, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 64% operating margin.

Mission

A DIRECT SUPPORT ORGANIZATION OF DAYTONA STATE COLLEGE (DSC). THE PURPOSE IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS, AND OTHER FUNDING, FOR CRITICAL NEEDS THAT ARE BEYOND THE SCOPE OF THE COLLEGE'S BUDGET.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,031,600

Program Service Revenue $0

Investment Income $849,741

Other Revenue $28,416

TOTAL REVENUE $4,909,757

Expense Breakdown

Grants Paid $1,432,278

Salaries & Benefits $0

Fundraising Expenses $14,205

Program Expenses $1,495,428

Other Expenses $311,504

TOTAL EXPENSES $1,743,782

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,909,757	$2,557,760	+0.9%
Expenses	$1,743,782	$1,753,436	0.0%
Net Income	$3,165,975	$804,324	+2.9%

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

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

$973,931

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZINA GRAU	CHAIR	1.00	Officer Director	$0	$0	$0
RUFUS JOHNSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM LENSSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY BOYD	TREASURER	1.00	Officer Director	$0	$0	$0
DENIS SHELLEY	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
BOBBY THIGPEN	CHAIR - INVESTMENT COMMITTEE	1.00	Director	$0	$0	$0
GREG SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS SENO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE GOEB-BURKETT	DIRECTOR	1.00	Director	$0	$0	$0
DAN FRANCATI	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HODGSON	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SACKS	DIRECTOR	1.00	Director	$0	$0	$0
NINA HOSSEINI LOCKETT	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY GRISSOM	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY D SNELL	DIRECTOR	1.00	Director	$0	$0	$0
KIM FULCHER	DIRECTOR	1.00	Director	$0	$0	$0
RANDY DYE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LOBASSO	PRESIDENT	1.00	Officer	$0	$78,771	$537,689
TIMOTHY NORTON	VP AND EXEC DIR - START 7/1/2023	25.00	Officer	$0	$21,209	$176,897
MARTIN CASS	CBO	1.00	Officer	$0	$56,208	$204,360
JUDITH D'APRILE-HAYDT	EXECUTIVE DIRECTOR - END 6/30/2023	40.00	Officer	$0	$8,875	$54,985

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
2024	No data	No data	No data	No data
2023	$4,909,757	$1,743,782	$40,378,111	$3,165,975
2022	$2,557,760	$1,753,436	$33,211,067	$804,324
2021	$6,145,134	$3,237,680	$38,935,119	$2,907,454
2020	$4,804,388	$4,674,370	$35,834,899	$130,018
2019	$4,957,438	$2,294,071	$34,087,402	$2,663,367
2018	$6,573,420	$1,698,740	$28,304,653	$4,874,680

DAYTONA STATE COLLEGE FOUNDATION INC