The Florida State University Foundation Inc (EIN 596152180) - Form 990 Financial Analysis & Trantor Score

🔒

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

1960

Legal Domicile

Phone

8506446000

Tax Period

2023-07-01 to 2024-06-30

The Florida State University Foundation Inc, founded in 1960, is a major nonprofit in the Education sector that reported $109.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $103.1M left a modest 5% surplus.

Mission

THE FLORIDA STATE UNIVERSITY FOUNDATION ENHANCES THE ACADEMIC MISSION AND VISION OF FLORIDA STATE UNIVERSITY THROUGH ITS ORGANIZED FUNDRAISING ACTIVITIES AND FUNDS MANAGEMENT. THE FSU FOUNDATION ACCOMPLISHES ITS MISSION BY FOSTERING RELATIONSHIPS WITH ALUMNI AND FRIENDS, ADVOCATING CHARITABLE GIVING AND RAISING FUNDS ON BEHALF OF FSU, SOLICITING CONTRIBUTIONS FOR ACADEMIC PURPOSES AS PART OF FSU'S OVERALL ADVANCEMENT EFFORT, INVESTING AND EXPENDING FUNDS TO MEET CURRENT AND FUTURE NEEDS OF FSU, AND STRENGTHENING RELATIONSHIPS WITH DONORS TO FSU.

🔒

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 $54,173,079

Program Service Revenue $1,569,490

Investment Income $52,611,204

Other Revenue $719,400

TOTAL REVENUE $109,073,173

Expense Breakdown

Grants Paid $55,380,954

Salaries & Benefits $5,628,362

Fundraising Expenses $5,697,911

Program Expenses $74,275,619

Other Expenses $42,076,719

TOTAL EXPENSES $103,086,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$109,073,173	$96,038,685	+0.1%
Expenses	$103,086,035	$76,186,009	+0.4%
Net Income	$5,987,138	$19,852,676	-0.7%

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

476

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

$952,959

Total Directors

$1,948,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher E Iansiti	Trustee/Chair	1.0	Officer Director	$0	$0	$0
Craig T Lynch Partial Year	Trustee/Chair-elect	1.0	Officer Director	$0	$0	$0
Frank A Hall	Trustee/Treasurer	1.0	Officer Director	$0	$0	$0
Sean Pittman	Trustee/Secretary	1.0	Officer Director	$0	$0	$0
Agnes F Stoops	Trustee	1.0	Director	$0	$0	$0
Andrea K Friall	Trustee	1.0	Director	$0	$0	$0
Ashbel C Williams	Trustee	1.0	Director	$0	$0	$0
Brian K Williams	Trustee/Ex Officio Voting, UBOT Designee	1.0	Director	$0	$0	$0
Bridgett Y Birmingham	Trustee/Ex Officio Voting, Faculty Senate President	1.0	Director	$0	$26,274	$123,271
Bruce W McNeilage	Trustee	1.0	Director	$0	$0	$0
Catherine M Johnson	Trustee	1.0	Director	$0	$0	$0
Charles R Cottrell	Trustee	1.0	Director	$0	$0	$0
Diahann W Lassus	Trustee	1.0	Director	$0	$0	$0
Eric Muoz	Trustee	1.0	Director	$0	$0	$0
Fred M Tresca	Trustee	1.0	Director	$0	$0	$0
Henri W Crockett	Trustee	1.0	Director	$0	$0	$0
Inez E Cohen	Trustee	1.0	Director	$0	$0	$0
James L Lee	Trustee	1.0	Director	$0	$0	$0
Jay B Johnson	Trustee	1.0	Director	$0	$0	$0
Jay F Steele	Trustee	1.0	Director	$0	$0	$0
John W Thiel	Trustee/Ex Officio Voting, UBOT Advancement Committee	1.0	Director	$0	$0	$0
Judith Hayden	Trustee	1.0	Director	$0	$0	$0
Kristian Denny	Trustee	1.0	Director	$0	$0	$0
Kyle D Riva	Trustee	1.0	Director	$0	$0	$0
Lance A Barton	Trustee	1.0	Director	$0	$0	$0
Lee F Hinkle	Trustee	1.0	Director	$0	$0	$0
Marilyn J Young	Trustee	1.0	Director	$0	$0	$0
Mart P Hill	Trustee	1.0	Director	$0	$0	$0
Michael C Poland	Trustee	1.0	Director	$0	$0	$0
Michael T Queen	Trustee/Ex Officio Voting, Provost-Appointed Dean	1.0	Director	$0	$49,669	$318,130
Nancy McKay	Trustee/Immediate Past Chair	1.0	Director	$0	$0	$10,052
Paula P Smith	Trustee	1.0	Director	$0	$0	$0
Ralph R Gonzalez	Trustee	1.0	Director	$0	$0	$0
Richard D McCullough	Trustee/Ex Officio Voting, FSU President	1.0	Director	$0	$131,166	$1,496,917
Robert A Johnson	Trustee	1.0	Director	$0	$0	$0
Robert E Rice Partial Year	Trustee	1.0	Director	$0	$0	$0
Russell T Kohl	Trustee	1.0	Director	$0	$0	$0
Ruth R Akers Partial Year	Trustee	1.0	Director	$0	$0	$0
Scott G Price	Trustee	1.0	Director	$0	$0	$0
Steven J Mudder	Trustee	1.0	Director	$0	$0	$0
Thomas Bartelmo	Trustee	1.0	Director	$0	$0	$0
Timothy S Gunning	Trustee	1.0	Director	$0	$0	$0
Tom C Haney	Trustee	1.0	Director	$0	$0	$0
Urielle J Laurent	Trustee/Ex Officio Voting, Chair, Student Foundation	1.0	Director	$0	$0	$0
William E Coen	Trustee	1.0	Director	$0	$0	$0
William T Hold	Trustee/Ex Officio Voting, Presidential Appointee	1.0	Director	$0	$0	$0
Yvonne T Brown	Trustee	1.0	Director	$0	$0	$0
Caroline C Poole	Assistant VP of Adv., Strategic Initiatives/Assistant Secretary	40.0	Officer	$0	$39,932	$204,977
John F Carrigan	CFO/Assistant Treasurer	38.0	Officer	$0	$82,235	$248,496
Marla A Vickers	VP for University Advancement & Foundation President	10.0	Officer	$0	$51,487	$499,486
David James VanLone	Sr. Director of Development, College of Business	40.0	Highest	$0	$39,056	$199,732
James A McNeill	Sr. Director of Development, College of Medicine	40.0	Highest	$0	$32,700	$202,908
Jeffrey T Bauer	Director, Information Services	40.0	Highest	$0	$27,631	$197,770
Nancy B Smilowitz	Sr. Director of Development, College of Arts and Sciences	40.0	Highest	$0	$26,718	$197,172
Steven Mark Terman	Sr. Director of Development, The John and Mable Ringling Museum of Art	40.0	Highest	$0	$38,707	$199,676
Michael Hartline	Former Interim Foundation President	0.0		$0	$39,546	$471,443
Thomas Block	Former VP Adv. Relations/Assistant Secretary	0.0		$0	$25,021	$181,168

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	$109,073,173	$103,086,035	$1,064,931,255	$5,987,138
2023	$96,038,685	$76,186,009	$996,438,473	$19,852,676
2022	$127,907,940	$78,001,557	$940,918,551	$49,906,383
2021	$97,116,906	$69,286,321	$957,483,714	$27,830,585
2020	$57,370,131	$68,306,331	$730,089,060	$-10,936,200
2019	$81,910,284	$72,102,289	$750,191,436	$9,807,995
2018	$63,251,375	$59,126,501	$742,879,174	$4,124,874

The Florida State University Foundation Inc