COLLEGE OF CENTRAL FLORIDA FOUNDATION INC (EIN 596139037) - 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

1959

Legal Domicile

Principal Officer

CHRISTOPHER R KNIFE

Phone

3528735808

Tax Period

2024-01-01 to 2024-12-31

COLLEGE OF CENTRAL FLORIDA FOUNDATION INC, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $16.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $10.2M, a strong 62% operating margin.

Mission

THE COLLEGE OF CENTRAL FLORIDA FOUNDATION WAS ESTABLISHED TO PROVIDE LEADERSHIP SERVICE, VOLUNTARY ACTION, CHARITABLE GIVING AND COMMUNITY INVOLVEMENT. IN 2024 DONORS HAVE REMAINED LOYAL TO THE COLLEGE MISSION DONATING $5,309,121 IN SUPPORT, ESTABLISHING 12 NEW ENDOWMENTS, AND PROVIDING PROGRAM SUPPORT. THE PROMISE FOR THE FUTURE FUND OF $5 MILLION SUPPORTS PROGRAM DEVELOPMENT. ADDITIONAL FUNDING DONATED THROUGH THE PROMISE FOR THE FUTURE CAMPAIGN OF $2.1 MILLION IS AVAILABLE FOR THE LEVY COUNTY CAMPUS FACILITY AND PROGRAMS. TAKING ELEMENTARY PROMISING STUDENTS TO CF (STEPS TO CF) IS A UNIQUE PROGRAM THAT AWARDS FIFTH GRADE STUDENTS FROM DONOR-ADOPTED SCHOOLS SCHOLARSHIPS TO THE COLLEGE UPON THEIR HIGH SCHOOL GRADUATION. THE FOUNDATION PROVIDES AT LEAST TWO SCHOLARSHIPS OF $4,000 TOWARD TUITION AND FEES TO EVERY SCHOOL WITHIN THE 3 COUNTY SERVICE AREA. THE PATRIOT FUND PROVIDES EMERGENCY RELIEF FUNDS FOR STUDENTS FACING DIRE ECONOMIC SITUATIONS TO HELP THEM ACHIEVE THEIR ACADEMIC GOAL

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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 $6,965,447

Program Service Revenue $1,053,978

Investment Income $8,485,755

Other Revenue $56,139

TOTAL REVENUE $16,561,319

Expense Breakdown

Grants Paid $3,966,841

Salaries & Benefits $0

Fundraising Expenses $250,427

Program Expenses $5,451,688

Other Expenses $2,386,036

TOTAL EXPENSES $6,352,877

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,561,319	$14,177,758	+0.2%
Expenses	$6,352,877	$5,159,343	+0.2%
Net Income	$10,208,442	$9,018,415	+0.1%

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

$291,068

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG BLAIR	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE STONE	CHAIR	1.00	Officer Director	$0	$0	$0
DREXEL COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
PARKER EILAND	DIRECTOR	1.00	Director	$0	$0	$0
JERRY BENTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JARED KIRBY	DIRECTOR	1.00	Director	$0	$0	$0
BILL PAUL JR	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID RITTERHOFF	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL ROSENBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM TRICE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HART	DIRECTOR	1.00	Director	$0	$0	$0
PATTI CONRAD	DIRECTOR	1.00	Director	$0	$0	$0
AARON CAMPO	DIRECTOR	1.00	Director	$0	$0	$0
WINSTON NEEDHAM	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ERIKA SKULA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER R KNIFE	CEO	38.00	Officer	$0	$60,404	$208,233
NADIA MILLER	CFO	38.00	Officer	$0	$16,596	$75,247
DAWN GONSALVES	EXITING CFO 1/31/24	1.00	Officer	$0	$1,395	$7,588

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	$16,561,319	$6,352,877	$141,876,227	$10,208,442
2023	$14,177,758	$5,159,343	$129,274,087	$9,018,415
2022	$6,584,003	$4,907,013	$131,429,306	$1,676,990
2021	$16,814,104	$6,994,773	$126,335,396	$9,819,331
2020	$13,497,501	$4,871,475	$115,249,895	$8,626,026
2019	$8,200,457	$5,765,287	$105,368,241	$2,435,170
2018	$8,660,583	$8,885,165	$95,861,157	$-224,582

COLLEGE OF CENTRAL FLORIDA FOUNDATION INC