FLORIDA INSTITUTE OF TECHNOLOGY INC (EIN 596046500) - 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

1958

Legal Domicile

Principal Officer

DR JOHN NICKLOW

Phone

3216627297

Tax Period

2024-07-01 to 2025-06-30

FLORIDA INSTITUTE OF TECHNOLOGY INC, founded in 1958, is a major nonprofit in the Education sector that reported $237.8M in total revenue in fiscal year 2024. Expenses of $216.5M left a modest 9% surplus.

Mission

FLORIDA INSTITUTE OF TECHNOLOGY'S MISSION IS TO PROVIDE HIGH-QUALITY EDUCATION TO A CULTURALLY DIVERSE STUDENT BODY IN ORDER TO PREPARE STUDENTS FOR ENTERING THE GLOBAL WORKFORCE, SEEKING HIGHER-EDUCATION OPPORTUNITIES, AND SERVING WITHIN THEIR COMMUNITIES. THE UNIVERSITY ALSO SEEKS TO EXPAND KNOWLEDGE THROUGH BASIC AND APPLIED RESEARCH AND TO SERVE THE DIVERSE ECONOMIC, CULTURAL, AND SOCIETAL NEEDS OF OUR LOCAL, STATE, NATIONAL AND INTERNATIONAL CONSTITUENCIES.

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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 $24,529,230

Program Service Revenue $197,326,436

Investment Income $14,004,664

Other Revenue $1,907,674

TOTAL REVENUE $237,768,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,557,546

Fundraising Expenses $2,545,229

Program Expenses $133,387,066

Other Expenses $95,958,679

TOTAL EXPENSES $216,516,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,768,004	$222,506,045	+0.1%
Expenses	$216,516,225	$205,194,552	+0.1%
Net Income	$21,251,779	$17,311,493	+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

2975

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

$753,237

Total Directors

Key Employees

$1,175,533

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JOHN NICKLOW	PRESIDENT	40.00	Officer	$730,067	$23,170	$753,237
MARCO CARVALHO	EXECUTIVE DI	40.00	Highest	$386,986	$24,942	$411,928
JOHN HARRIS	DEAN	40.00	Highest	$351,584	$25,800	$377,384
HAMID RASSOUL	SR. ASSOC. P	40.00	Highest	$323,013	$23,660	$346,673
RATAN JHA	PROFESSOR	40.00	Highest	$270,194	$19,161	$289,355
JOHN KISS	SVP ACADEMIC	40.00	Key Emp	$254,571	$16,110	$270,681
LINXIA GU	DEPT. HEAD/P	40.00	Highest	$236,847	$13,698	$250,545
BRIAN EHRLICH	VP ENROLLMEN	40.00	Key Emp	$224,156	$20,806	$244,962
WES SUMMER	VP EXTERNAL	40.00	Key Emp	$220,160	$19,305	$239,465
CASSIE PERICAK	VP OF PHILAN	40.00	Key Emp	$215,574	$12,125	$227,699
AMANDA MOSKE	CHIEF DATA O	40.00	Key Emp	$177,603	$15,123	$192,726
DR RAYMOND A ARMSTRONG	TRUSTEE EMER	2.00	Director	$0	$0	$0
DR RICHARD N BANEY	TRUSTEE EMER	2.00	Director	$0	$0	$0
MR JOESPH CARUSO	TRUSTEE EMER	2.00	Director	$0	$0	$0
DR RITA H CHENG	TRUSTEE	2.00	Director	$0	$0	$0
MR DALE A DETTMER	TRUSTEE	2.00	Director	$0	$0	$0
MR FRANK DIBELLO	TRUSTEE	2.00	Director	$0	$0	$0
MS KIRSTEN DREGGORS	TRUSTEE	2.00	Director	$0	$0	$0
MS BOBBIE DYER	TRUSTEE	2.00	Director	$0	$0	$0
MS JILL A EANES	TRUSTEE	2.00	Director	$0	$0	$0
MR JOSEPH M FLAMMIO	TRUSTEE EMER	2.00	Director	$0	$0	$0
MR WILLIAM J GUYAN	TRUSTEE	2.00	Director	$0	$0	$0
MR RICHARD P MCNEIGHT	TRUSTEE	2.00	Director	$0	$0	$0
MR KENDALL T MOORE	TRUSTEE	2.00	Director	$0	$0	$0
MR WILLIAM R MUNS	TRUSTEE	2.00	Director	$0	$0	$0
MR ROBERT L PHEBUS	TRUSTEE	2.00	Director	$0	$0	$0
MR WILLIAM C POTTER	TRUSTEE EMER	2.00	Director	$0	$0	$0
MR ALAN L PRESTWOOD	TRUSTEE	2.00	Director	$0	$0	$0
MR D TRAVIS PROCTOR	TRUSTEE	2.00	Director	$0	$0	$0
MR JAMES E PRUITT	TRUSTEE EMER	2.00	Director	$0	$0	$0
MR MICHAEL SCAFATI	TRUSTEE	2.00	Director	$0	$0	$0
MRS ELIZABETH J SWANN	TRUSTEE	2.00	Director	$0	$0	$0
MRS KELLE B WENDLING	TRUSTEE	2.00	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	$237,768,004	$216,516,225	$431,304,510	$21,251,779
2024	$222,506,045	$205,194,552	$409,277,325	$17,311,493
2023	$211,689,614	$195,508,670	$392,515,019	$16,180,944
2023	$211,689,614	$195,508,670	$392,515,019	$16,180,944
2022	$211,905,030	$178,859,614	$365,997,588	$33,045,416
2021	$191,425,099	$179,874,014	$380,099,144	$11,551,085
2020	$193,652,576	$181,795,614	$338,516,450	$11,856,962
2019	$197,104,830	$185,993,835	$260,379,597	$11,110,995
2018	$191,847,243	$184,590,033	$251,711,555	$7,257,210

FLORIDA INSTITUTE OF TECHNOLOGY INC