FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS ASSOCATION INC (EIN 593153341) - 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

1992

Legal Domicile

Principal Officer

LOUISA BLENMAN

Phone

8506441625

Tax Period

2023-10-01 to 2024-09-30

FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS ASSOCATION INC, founded in 1992, is a mid-sized nonprofit that reported $22.9M in total revenue in fiscal year 2023. The organization ran a surplus of $5.2M, a strong 23% operating margin.

Mission

TO PROVIDE AND FACILITATE EDUCATIONAL OPPORTUNITIES FOR STUDENTS AND FACULTY TO STUDY, TEACH AND CONDUCT RESEARCH ABROAD THROUGH SUPPORT OF THE FLORIDA STATE UNIVERSITY INTERNATIONAL STUDY ABROAD PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $21,899,774

Investment Income $8,755

Other Revenue $987,217

TOTAL REVENUE $22,895,746

Expense Breakdown

Grants Paid $16,404,449

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,668,966

Other Expenses $1,338,008

TOTAL EXPENSES $17,742,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,895,746	$23,420,165	0.0%
Expenses	$17,742,457	$21,342,620	-0.2%
Net Income	$5,153,289	$2,077,545	+1.5%

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

$1,767,986

Total Directors

$3,600,633

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MCCULLOUGH	CHAIRMAN	5.00	Officer Director	$0	$278,897	$1,644,648
ELIZABETH BRENNEIS	SECRETARY & ASST. TREASURER	5.00	Officer Director	$0	$10,926	$123,338
LOUISA BLENMAN	DIRECTOR	1.00	Director	$0	$33,887	$175,725
JAMES CLARK	DIRECTOR	1.00	Director	$0	$52,038	$595,730
MARK ZEIGLER	DIRECTOR	1.00	Director	$0	$21,793	$158,453
BILLY CLOSE	DIRECTOR	1.00	Director	$0	$21,037	$124,509
STEPHEN MCDOWELL	DIRECTOR AS OF 6/30/2024	1.00	Director	$0	$40,659	$252,900
DONALD FARR	DIRECTOR AS OF 6/30/2024	1.00	Director	$0	$40,590	$280,786
JENNIFER COLLINS	BOT APPOINTMENT	1.00	Officer Director	$0	$0	$0
BETH AZOR	DIRECTOR	1.00	Director	$0	$0	$0
PETER JONES	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RANCORT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PITTS	DIRECTOR UNTIL 6/30/2024	5.00	Director	$0	$45,788	$244,544
TIM CHAPIN	FORMER TRUSTEE	1.00		$0	$49,291	$349,156
JOHN THRASHER	FORMER OFFICER	0.00		$0	$70,118	$460,837
SALLY MCRORIE	FORMER TRUSTEE	0.00		$0	$49,612	$489,711
JANET KISTNER	FORMER OFFICER	0.00		$0	$44,946	$298,176

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
2024	$22,895,746	$17,742,457	$29,115,034	$5,153,289
2023	$23,420,165	$21,342,620	$24,074,087	$2,077,545
2022	$22,858,862	$15,337,317	$21,887,895	$7,521,545
2021	$9,914,965	$9,386,857	$14,362,733	$528,108
2020	$4,223,418	$11,730,210	$13,831,209	$-7,506,792
2019	$17,510,809	$22,567,277	$21,536,030	$-5,056,468
2018	$15,601,489	$10,456,449	$26,501,650	$5,145,040

FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS ASSOCATION INC