NORTHWEST FLORIDA STATE COLLEGE FOUNDATION INC (EIN 592865698) - 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

1988

Legal Domicile

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

PROVIDES FUNDING & SERVICES TO SUPPORT & FOSTER PURSUIT OF HIGHER EDUC AT NW FLORIDA STATE COLLEGE.

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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 $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

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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

$137,438

Total Directors

$137,438

Key Employees

Highest Compensated

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

NORTHWEST FLORIDA STATE COLLEGE FOUNDATION INC