THE FOUNDATION FOR FLORIDA GATEWAY COLLEGE INC (EIN 591627997) - 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

1969

Legal Domicile

Principal Officer

VAN LONG

Phone

3867544201

Tax Period

2024-04-01 to 2025-03-31

THE FOUNDATION FOR FLORIDA GATEWAY COLLEGE INC, founded in 1969, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $612K, a strong 28% operating margin.

Mission

THE FOUNDATION PROVIDES ACADEMIC SCHOLARSHIPS AND FINANCIAL SUPPORT TO THE COLLEGE.

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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 $1,856,390

Program Service Revenue $0

Investment Income $302,495

Other Revenue $1,762

TOTAL REVENUE $2,160,647

Expense Breakdown

Grants Paid $1,345,323

Salaries & Benefits $5,991

Fundraising Expenses $22,067

Program Expenses $1,356,610

Other Expenses $197,105

TOTAL EXPENSES $1,548,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,160,647	$1,119,879	+0.9%
Expenses	$1,548,419	$1,317,356	+0.2%
Net Income	$612,228	$-197,477	-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

$191,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOAH WALKER	CHAIR	1.00	Officer Director	$0	$0	$0
AVERY ROBERTS	VICE CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
VAN LONG	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN MCINNIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
JILL ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JANAK PATEL	DIRECTOR	1.00	Director	$0	$0	$0
GERALD DOPSON	DIRECTOR	1.00	Director	$0	$0	$0
GENIE NORMAN	DIRECTOR	1.00	Director	$0	$0	$0
DEONNA WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW RAINS	DIRECTOR	1.00	Director	$0	$0	$0
AMY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LEE PINCHOUCK	EXECUTIVE DIRECTOR	2.00	Officer	$5,414	$55,034	$191,746

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	$2,160,647	$1,548,419	$29,381,379	$612,228
2024	$1,119,879	$1,317,356	$27,355,107	$-197,477
2023	$1,283,966	$1,304,284	$24,504,179	$-20,318
2022	$2,042,544	$1,699,289	$25,877,033	$343,255
2021	$1,045,345	$1,006,984	$23,198,675	$38,361
2020	$1,621,865	$1,072,309	$18,219,110	$549,556
2019	$1,160,027	$1,171,962	$18,432,228	$-11,935

THE FOUNDATION FOR FLORIDA GATEWAY COLLEGE INC