FLORIDA STATE UNIVERSITY INTERNATI… - Form 990 Financial Data

🔒

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

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. FLORIDA STATE UNIVERSITY CONDUCTS YEAR-ROUND PROGRAMS IN LONDON, ENGLAND, FLORENCE, ITALY, VALENCIA, SPAIN, AND AT ITS BRANCH CAMPUS IN PANAMA CITY, PANAMA AS WELL AS SUMMER ONLY PROGRAMS IN MANY OTHER LOCATIONS AROUND THE WORLD. THE ASSOCIATION INCORPORATED ON JULY 8, 1992, AND IS ORGANIZED AS A DIRECT-SUPPORT ORGANIZATION OF FLORIDA STATE UNIVERSITY WITHIN THE MEANING OF SECTION 1004.28, FLORIDA STATUTES. AS SUCH, THE ASSOCIATION IS TREATED AS A COMPONENT UNIT OF FLORIDA STATE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $17,668,966 Revenue: $21,909,743

FLORIDA STATE UNIVERSITY INTERNATIONAL PROGRAMS PROVIDES QUALITY INTERNATIONAL LEARNING ENVIRONMENTS WHERE STUDENTS ARE CHALLENGED TO BE LEARNERS, LEADERS, ACHIEVERS AND CONTRIBUTORS WITHIN A GLOBAL COMMUNITY. INTERNATIONAL PROGRAMS IS COMMITTED TO PROVIDING OPPORTUNITIES FOR STUDENTS TO EXPLORE, PERCEIVE AND UNDERSTAND INTERCULTURAL ISSUES THROUGH ENGAGEMENT WITH GLOBAL PROBLEMS, INTERNATIONAL CULTURES, AND FOREIGN LANGUAGES, WHILE MAINTAINING A RELATIVELY SMALL CLASS SIZE TO ENHANCE THE EXPERIENCE. DURING FY 2023-2024, 2,325 STUDENTS PARTICIPATED IN THE INTERNATIONAL PROGRAMS AND 105 US FACULTY AND 49 STAFF TAUGHT COURSES FOR INTERNATIONAL PROGRAMS.

🔒

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%)

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

🔒

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

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
2025	No data	No data	No data	No data
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