FACULTY ASSOCIATES INCORPORATED (EIN 593518156) - 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

1998

Legal Domicile

Principal Officer

ANA ISABEL GARCIA

Phone

3523924003

Tax Period

2024-07-01 to 2025-06-30

FACULTY ASSOCIATES INCORPORATED, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $33.6M in total revenue in fiscal year 2024. Expenses of $30.0M left a modest 11% surplus.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY TO SUPPORT THE SERVICE, TEACHING AND RESEARCH MISSION AND GOALS OF THE UNIVERSITY OF FLORIDA AND ITS J. HILLIS MILLER HEALTH CENTER AND THE COLLEGE OF DENTISTRY, ALL AS DETERMINED BY THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, AND IT SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES AND NOT FOR PECUNIARY PROFIT.

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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 $0

Program Service Revenue $32,419,635

Investment Income $1,162,770

Other Revenue $0

TOTAL REVENUE $33,582,405

Expense Breakdown

Grants Paid $24,675,001

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,958,784

Other Expenses $5,283,783

TOTAL EXPENSES $29,958,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,582,405	$33,698,713	0.0%
Expenses	$29,958,784	$28,118,863	+0.1%
Net Income	$3,623,621	$5,579,850	-0.4%

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

N/A

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

$1,094,598

Total Directors

$2,101,597

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN SWEITZER	SEC/TREAS	5.00	Officer Director	$0	$44,511	$282,283
ANA ISABEL GARCIA	PRESIDENT	2.00	Officer Director	$0	$43,567	$502,274
DR ANDREW CORSARO	COMMITTEE MEMBER	0.25	Director	$0	$19,592	$228,855
DR PANAGIOTIS ZOIDIS	VICE PRESIDENT	0.50	Officer Director	$0	$37,712	$310,041
KELLY SHARP	COMMITTEE CHAIR	0.25	Director	$0	$59,366	$317,353
DR MAGGIE R DASILVA	COMMITTEE MEMBER	0.25	Director	$0	$42,038	$249,207
RAJ GOHEL	CLINICAL ASSISTANT PROFESSOR	5.00	Director	$0	$29,144	$211,584

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	$33,582,405	$29,958,784	$39,340,802	$3,623,621
2024	$33,698,713	$28,118,863	$35,761,777	$5,579,850
2023	$32,636,504	$27,297,443	$30,102,166	$5,339,061
2022	$29,796,468	$23,536,315	$24,664,854	$6,260,153
2021	$24,140,038	$23,463,288	$18,354,841	$676,750
2020	$19,054,190	$24,009,099	$17,635,342	$-4,954,909
2019	$23,286,736	$20,523,017	$22,579,251	$2,763,719
2018	$22,576,420	$18,934,849	$19,830,467	$3,641,571

FACULTY ASSOCIATES INCORPORATED