POLK STATE COLLEGE FOUNDATION (EIN 591819213) - 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

1976

Legal Domicile

Principal Officer

JOANIE MALONE

Phone

8632923613

Tax Period

2025-01-01 to 2025-12-31

POLK STATE COLLEGE FOUNDATION, founded in 1976, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2025. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $3.3M left a modest 11% surplus.

Mission

POLK STATE COLLEGE FOUNDATION WORKS IN TANDEM WITH POLK STATE COLLEGE TO HELP IT MEET ITS HALLMARKS AND COMMITMENT TO THE COMMUNITY OF ACCESS AND AFFORDABILITY TO HIGHER EDUCATION. SEE SCHEDULE O.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,705,947

Program Service Revenue $0

Investment Income $1,886,403

Other Revenue $45,253

TOTAL REVENUE $3,637,603

Expense Breakdown

Grants Paid $1,562,710

Salaries & Benefits $0

Fundraising Expenses $482,303

Program Expenses $2,508,073

Other Expenses $1,690,631

TOTAL EXPENSES $3,253,341

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,637,603	$7,212,447	-0.5%
Expenses	$3,253,341	$2,678,356	+0.2%
Net Income	$384,262	$4,534,091	-0.9%

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

$347,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BO BOYTE	CHAIR (AS OF 7/25)	0.50	Officer Director	$0	$0	$0
MATT MUCCI	VICE CHAIR (AS OF 7/25)	0.50	Officer Director	$0	$0	$0
JENNIFER HALL	TREASURER	0.50	Officer Director	$0	$0	$0
WENDY VENTORS	DEVELOPMENT CHAIR/SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID FISHER	PAST CHAIR (AS OF 7/25)	0.50	Director	$0	$0	$0
NANCY DODD	BOARD MEMBER	0.25	Director	$0	$0	$0
GRETA DUPUY	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNIFER FASKING	BOARD MEMBER	0.25	Director	$0	$0	$0
TIFFANI GOZDU	BOARD MEMBER - AS OF 07/25	0.25	Director	$0	$0	$0
SCOTT HART	BOARD MEMBER	0.25	Director	$0	$0	$0
NIKKI HAYDE	BOARD MEMBER	0.25	Director	$0	$0	$0
BILL JACOBS	BOARD MEMBER	0.25	Director	$0	$0	$0
CYNDI JANTOMASO MEDP	BOARD MEMBER	0.25	Director	$0	$0	$0
GARRETT KENNY	BOARD MEMBER	0.25	Director	$0	$0	$0
JENNIFER KINCART JONSSON	BOARD MEMBER - THRU 11/25	0.25	Director	$0	$0	$0
MICHELE LEDFORD	BOARD MEMBER	0.25	Director	$0	$0	$0
DR CHRISTOPHER LOPEZ	BOARD MEMBER	0.25	Director	$0	$0	$0
BETH LUCKET	BOARD MEMBER	0.25	Director	$0	$0	$0
RYAN MCKELLEN	BOARD MEMBER	0.25	Director	$0	$0	$0
DR PAUL MORIN	BOARD MEMBER	0.25	Director	$0	$0	$0
CHRIS NELSON	BOARD MEMBER - AS OF 07/25	0.25	Director	$0	$0	$0
ANALISA NOVOSEL	BOARD MEMBER	0.25	Director	$0	$0	$0
TY PINNER	BOARD MEMBER	0.25	Director	$0	$0	$0
NICK PLOTT	BOARD MEMBER	0.25	Director	$0	$0	$0
ALEX PRICE	BOARD MEMBER - AS OF 07/25	0.25	Director	$0	$0	$0
KALEY RAUB	BOARD MEMBER - AS OF 07/25	0.25	Director	$0	$0	$0
JAMES RING	BOARD MEMBER	0.25	Director	$0	$0	$0
CHRISTINE SAMUEL	BOARD MEMBER	0.25	Director	$0	$0	$0
NIKKI SMITH	BOARD MEMBER	0.25	Director	$0	$0	$0
EMILY SPATH	BOARD MEMBER - AS OF 07/25	0.25	Director	$0	$0	$0
MEG THORNTON	BOARD MEMBER	0.25	Director	$0	$0	$0
JOANIE MALONE	CHIEF FINANCIAL OFFICER	50.00	Officer	$0	$39,376	$148,376
STEVEN WARNER	EXECUTIVE DIRECTOR	60.00	Officer	$0	$69,236	$199,236

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	$3,637,603	$3,253,341	$55,385,381	$384,262
2024	$7,212,447	$2,678,356	$51,399,651	$4,534,091
2023	$3,013,309	$2,281,741	$45,518,078	$731,568
2022	$6,277,860	$2,217,862	$40,005,868	$4,059,998
2022	$-1,090,071	$2,096,181	$40,305,491	$-3,186,252
2021	$4,298,345	$1,944,068	$44,521,399	$2,354,277
2020	$3,221,385	$1,818,373	$40,262,386	$1,403,012
2019	$2,807,491	$2,314,016	$36,782,973	$493,475
2018	$2,667,991	$2,299,472	$31,420,887	$368,519

POLK STATE COLLEGE FOUNDATION