NORTHWEST FLORIDA STATE COLLEGE FOUNDATION INC

EIN: 592865698 501(c)(3)

NICEVILLE, FL

Total Revenue
$7,713,435
Total Expenses
$3,436,990
Total Assets
$74,708,079
Net Assets
$74,681,676
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
FL
Principal Officer
CHRIS STOWERS
Phone
8507295357
Tax Period
2024-07-01 to 2025-06-30

NORTHWEST FLORIDA STATE COLLEGE FOUNDATION INC, founded in 1988, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.3M, a strong 55% operating margin.

Mission

THE NORTHWEST FLORIDA STATE COLLEGE FOUNDATION UTILIZES YOUR GIFTS TO SUPPORT THE COLLEGE, ENHANCE OUR COMMUNITY AND IMPROVE STUDENTS' LIVES.

Program Service Accomplishments

Program 1
Expenses: $3,009,535 Revenue: $3,500

ALL ACTIVITIES OF THE FOUNDATION ARE FOR THE BENEFIT OF NORTHWEST FLORIDA STATE COLLEGE PROGRAMS AND STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,425,983
Program Service Revenue $3,500
Investment Income $6,256,137
Other Revenue $27,815
TOTAL REVENUE $7,713,435

Expense Breakdown

Grants Paid $2,699,646
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,009,535
Other Expenses $737,344
TOTAL EXPENSES $3,436,990

Year-over-Year Comparison

2024 2023 Change
Revenue $7,713,435 $6,905,568 +0.1%
Expenses $3,436,990 $3,214,084 +0.1%
Net Income $4,276,445 $3,691,484 +0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
25

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
5
$137,438
Total Directors
27
$137,438
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CINDY FRAKES CHAIR 1.00
Officer Director
$0 $0 $0
STEVE RHODES VICE CHAIR 1.00
Officer Director
$0 $0 $0
TERESA HALVERON TREASURER 1.00
Officer Director
$0 $0 $0
JONATHAN OCHS PAST CHAIR 1.00
Officer Director
$0 $0 $0
CHRIS STOWERS EXECUTIVE DIRECTOR / SECRETARY 4.00
Officer Director
$0 $34,123 $137,438
MEL PONDER COLLEGE PRESIDENT 1.00
Director
$0 $0 $0
DONALD LITKE TRUSTEE LIAISON 1.00
Director
$0 $0 $0
CHRISTIE AUSTIN DIRECTOR 1.00
Director
$0 $0 $0
JAMES BAGBY DIRECTOR 1.00
Director
$0 $0 $0
TIM BOLDUC DIRECTOR 1.00
Director
$0 $0 $0
GUY BOURN DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW CARR DIRECTOR 1.00
Director
$0 $0 $0
DESTIN COBB DIRECTOR 1.00
Director
$0 $0 $0
WENDY MCADAMS DORR DIRECTOR 1.00
Director
$0 $0 $0
AMANDA GRANDY DIRECTOR 1.00
Director
$0 $0 $0
TODD GRISOFF DIRECTOR 1.00
Director
$0 $0 $0
FRAN HENDRICKS DIRECTOR 1.00
Director
$0 $0 $0
FRED KETCHEM DIRECTOR 1.00
Director
$0 $0 $0
VINCENT MAYFIELD DIRECTOR 1.00
Director
$0 $0 $0
TIM MCCOOL DIRECTOR 1.00
Director
$0 $0 $0
SHARON MCKENZIE DIRECTOR 1.00
Director
$0 $0 $0
ERIC NAVARRE DIRECTOR 1.00
Director
$0 $0 $0
DOLORES NOECHEL DIRECTOR 1.00
Director
$0 $0 $0
BRIAN PENNINGTON DIRECTOR 1.00
Director
$0 $0 $0
STANLEY SIEFKE DIRECTOR 1.00
Director
$0 $0 $0
NEKO STUBBLEFIELD DIRECTOR 1.00
Director
$0 $0 $0
CECIL WILLIAMS DIRECTOR 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 $7,713,435 $3,436,990 $74,708,079 $4,276,445
2024 No data No data No data No data
2023 $4,377,130 $3,560,797 $61,359,589 $816,333
2022 $9,199,944 $5,923,027 $57,496,600 $3,276,917
2021 $6,097,036 $3,789,291 $65,472,128 $2,307,745
2020 $4,640,621 $3,179,960 $52,611,160 $1,460,661
2019 $6,001,731 $3,616,189 $53,625,347 $2,385,542
2018 $5,207,481 $2,880,791 $51,495,519 $2,326,690
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NORTHWEST FLORIDA STATE COLLEGE FOUNDATION INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.