FSU FINANCIAL ASSISTANCE INC

EIN: 592477517 501(c)(3) Education

TALLAHASSEE, FL

Total Revenue
$15,838,300
Total Expenses
$15,402,153
Total Assets
$126,149,667
Net Assets
$12,602,145
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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
1994
Legal Domicile
FL
Principal Officer
JP SINCLAIR III
Phone
8506448803
Tax Period
2024-07-01 to 2025-06-30

FSU FINANCIAL ASSISTANCE INC, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $15.8M in total revenue in fiscal year 2024.

Mission

NO FORMAL MISSION STATEMENT. SEE PART 1 FOR DESCRIPTION.

Program Service Accomplishments

Program 1
Expenses: $4,372,344

EXPENDITURES RELATED TO SERIES 2012, 2013, & 2015 REFUNDING BONDS. PROCEEDS FROM BONDS ARE ALSO USED FOR STADIUM, ATHLETIC FACILITIES, AND OTHER EDUCATIONAL FACILITIES EXPANSION AND IMPROVEMENTS.

Program 2
Expenses: $10,618,852 Revenue: $13,119,011

MANAGE AND RECEIVE REVENUES FROM CONFERENCE SUITES (SKYBOXES), SEAT SALES, AND STADIUM LEASE DURING THE PERIODS OF TIME THEY ARE NOT NEEDED FOR UNIVERSITY EDUCATIONAL PURPOSES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,674,483
Program Service Revenue $13,116,362
Investment Income $44,806
Other Revenue $2,649
TOTAL REVENUE $15,838,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $449,814
Fundraising Expenses $0
Program Expenses $14,991,196
Other Expenses $14,952,339
TOTAL EXPENSES $15,402,153

Year-over-Year Comparison

2024 2023 Change
Revenue $15,838,300 $15,964,004 0.0%
Expenses $15,402,153 $15,410,841 0.0%
Net Income $436,147 $553,163 -0.2%
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

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Governance

Voting Members
11
Independent Members
10
Employees
4
Volunteers
10

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
4
$1,253,839
Total Directors
11
$2,857,807
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WO BELL SECRETARY 0.10
Officer Director
$0 $0 $0
KYLE CLARK TREASURER 0.10
Officer Director
$0 $57,180 $632,930
STEPHEN PONDER PRESIDENT 10.00
Officer Director
$0 $26,949 $417,826
MICHAEL ALFORD DIRECTOR 0.10
Director
$0 $56,262 $1,614,199
PETER COLLINS DIRECTOR 0.10
Director
$0 $0 $0
CLIF CURRY DIRECTOR 0.10
Director
$0 $0 $0
SCOTT DARLING DIRECTOR 0.10
Director
$0 $0 $0
CHARLIE DUDLEY DIRECTOR 0.10
Director
$0 $0 $0
JIMMY GRAGANELLA DIRECTOR 0.10
Director
$0 $0 $0
WILLIAM SWEENEY DIRECTOR 0.10
Director
$0 $23,088 $192,852
WARNER PEACOCK DIRECTOR 0.10
Director
$0 $0 $0
JOHN P SINCLAIR III CFO 5.00
Officer
$0 $17,470 $203,083
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 $15,838,300 $15,402,153 $126,149,667 $436,147
2024 No data No data No data No data
2023 $15,798,080 $15,743,742 $139,628,696 $54,338
2022 $16,927,919 $15,457,817 $143,799,866 $1,470,102
2021 $12,995,500 $12,903,292 $147,384,832 $92,208
2020 $14,595,271 $15,478,621 $151,220,276 $-883,350
2019 $13,137,178 $15,583,167 $159,140,435 $-2,445,989
2018 $11,891,925 $15,798,193 $172,392,274 $-3,906,268
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