FLORIDA ASSOCIATION OF STUDENT FIN… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

EGAN HANSON

Phone

7273744271

Tax Period

2024-07-01 to 2025-06-30

FLORIDA ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC, founded in 1984, is a small nonprofit in the Community Improvement sector that reported $207K in total revenue in fiscal year 2024. Expenses of $241K exceeded revenue, resulting in a 17% operating deficit.

Mission

A. TO PROMOTE THE PROFESSIONAL COMPETENCY OF STUDENT FINANCIAL AID ADMINISTRATORS IN POSTSECONDARY EDUCATIONAL INSTITUTIONS, GOVERNMENT AGENCIES, FOUNDATIONS, ADMINISTRATORS OF STUDENT LOAN PROGRAMS IN LENDING INSTITUTIONS, HIGH SCHOOL GUIDANCE COUNSELORS, AND OTHERS ASSOCIATED WITH PRIVATE AND COMMUNITY ORGANIZATIONS CONCERNED WITH THE SUPPORT AND ADMINISTRATION OF STUDENT FINANCIAL AID PROGRAMS. B. TO ASSIST EDUCATIONAL INSTITUTIONS, FOUNDATIONS, GOVERNMENT AGENCIES, LENDING INSTITUTIONS, AND PRIVATE AND COMMUNITY ORGANIZATIONS IN PROMOTING AND DEVELOPING EFFECTIVE PROGRAMS PERTINENT TO STUDENT FINANCIAL AID. C. TO FACILITATE COMMUNICATION BETWEEN EDUCATIONAL INSTITUTIONS AND SPONSORS OF STUDENT FINANCIAL AID FUNDS THROUGH AN EXCHANGE OF IDEAS, INFORMATION, AND EXPERIENCE. D. TO PROMOTE SUCH SYSTEMATIC STUDIES, COOPERATIVE EXPERIMENTS, CONFERENCES AND OTHER RELATED ACTIVITIES AS MAY BE DESIRABLE OR REQUIRED TO FULFILL THE PUROPOSE OF THIS ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $195,627 Revenue: $85,200

EDUCATES AND INFORMS MEMBERS OF CHANGES IN STUDENT FINANCIAL AID RULES AND REGULATIONS

Program 2

Expenses: $8,832

SCHOLARSHIP PROGRAM ANNUALLY AWARDS GRANTS AS A COMMITMENT TO HELP DESERVING STUDENTS BENEFIT FROM HIGHER EDUCATION

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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 $110,005

Program Service Revenue $85,200

Investment Income $11,638

Other Revenue $0

TOTAL REVENUE $206,843

Expense Breakdown

Grants Paid $11,036

Salaries & Benefits $0

Fundraising Expenses $499

Program Expenses $204,459

Other Expenses $230,371

TOTAL EXPENSES $241,407

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,843	$211,021	0.0%
Expenses	$241,407	$203,817	+0.2%
Net Income	$-34,564	$7,204	-5.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EGAN HANSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ARMINTA JOHNSON	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
KAMIA MWANGO	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
DAMEION LOVETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNE SCHURMAN	VP OF TRAINI	1.00	Officer Director	$0	$0	$0
AMANDA LIVINGSTON	SECRETARY	1.00	Officer Director	$0	$0	$0
SEDRICK BRINSON	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDA ILOJIOLE	TREASURER EL	1.00	Director	$0	$0	$0
JALEN FITZPATRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
LASHANDA MOZELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN MCCRARY	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLA MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
BEATA BREGMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
NADINE BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH WEIBLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA DICKERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BECKY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$206,843	$241,407	$621,094	$-34,564
2024	$211,021	$203,817	$668,047	$7,204
2023	$201,347	$174,970	$567,937	$26,377
2022	$176,865	$158,258	$558,741	$18,607
2021	$113,188	$65,131	$604,478	$48,057
2020	$121,454	$123,094	$561,411	$-1,640
2019	$178,530	$172,392	$564,138	$6,138
2018	$158,492	$178,285	$560,165	$-19,793

FLORIDA ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC