TALLAHASSEE STATE COLLEGE FOUNDATION INC (EIN 592091480) - 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

1981

Legal Domicile

Principal Officer

HEATHER MITCHELL

Phone

8502018580

Tax Period

2024-04-01 to 2025-03-31

TALLAHASSEE STATE COLLEGE FOUNDATION INC, founded in 1981, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 49% operating margin.

Mission

THE FOUNDATION RAISES CHARITABLE FUNDS FROM THE PUBLIC TO PROVIDE SUPPORT TO THE COLLEGE THROUGH STUDENT SCHOLARSHIPS, AWARDS, AND FACULTY SUPPORT FOR ACADEMIC EXTRACURRICULAR ACTIVITIES.

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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 $3,002,689

Program Service Revenue $0

Investment Income $550,390

Other Revenue $-92,055

TOTAL REVENUE $3,461,024

Expense Breakdown

Grants Paid $1,058,534

Salaries & Benefits $0

Fundraising Expenses $93,555

Program Expenses $1,283,972

Other Expenses $714,003

TOTAL EXPENSES $1,772,537

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,461,024	$2,150,378	+0.6%
Expenses	$1,772,537	$1,746,350	+0.0%
Net Income	$1,688,487	$404,028	+3.2%

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

118

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

$240,232

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA FLETCHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS EDWARDS	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
SHERIFF WALT MCNEIL	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DANNY SHRINE	TREASURER	1.00	Officer Director	$0	$0	$0
DREW MCLEOD	SECRETARY	1.00	Officer Director	$0	$0	$0
BYRON GREENE	DIRECTOR	1.00	Director	$0	$0	$0
ANDY HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
MICAH RODEN	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL B RAINEY DMD	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP SLAMA	DIRECTOR	1.00	Director	$0	$0	$0
LEE SNOWDEN	DIRECTOR	1.00	Director	$0	$0	$0
SHAM BIRBAHADUR	DIRECTOR	1.00	Director	$0	$0	$0
R JAI GILLUM	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HARRELL	DIRECTOR	1.00	Director	$0	$0	$0
KIM HOWES	DIRECTOR	1.00	Director	$0	$0	$0
DEBIE LEONARD	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA MONK	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE HALLOCK	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
D CHRISTINE THURMAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MITCHELL	EXECUTIVE DIRECTOR	40.00	Officer	$0	$62,344	$240,232

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	$3,461,024	$1,772,537	$26,760,705	$1,688,487
2024	$2,150,378	$1,746,350	$24,188,412	$404,028
2023	$2,041,767	$1,875,028	$20,591,821	$166,739
2022	$2,068,003	$2,119,904	$22,253,611	$-51,901
2021	$1,664,121	$1,208,109	$21,698,036	$456,012
2020	$1,473,375	$1,510,101	$15,674,992	$-36,726
2019	$2,739,514	$1,314,505	$17,531,434	$1,425,009

TALLAHASSEE STATE COLLEGE FOUNDATION INC