TRINITY COLLEGE OF FLORIDA INC (EIN 596155069) - 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

1932

Legal Domicile

Principal Officer

STEPHEN P BEST

Phone

7273766911

Tax Period

2022-07-01 to 2023-06-30

TRINITY COLLEGE OF FLORIDA INC, founded in 1932, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2022. Expenses of $4.4M exceeded revenue, resulting in a 26% operating deficit.

Mission

A PRIVATE, FOUR-YEAR COLLEGE THAT PROVIDES HIGHER EDUCATION IN THREE ACADEMIC DISCIPLINES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $701,047

Program Service Revenue $2,679,651

Investment Income $19,217

Other Revenue $61,545

TOTAL REVENUE $3,461,460

Expense Breakdown

Grants Paid $425,895

Salaries & Benefits $1,851,549

Fundraising Expenses $81,806

Program Expenses $3,200,183

Other Expenses $2,078,783

TOTAL EXPENSES $4,356,227

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,461,460	$3,601,183	0.0%
Expenses	$4,356,227	$4,505,640	0.0%
Net Income	$-894,767	$-904,457	0.0%

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

115

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

$413,172

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV EDWARD BRANDT III	CHAIRMAN	0.10	Officer Director	$0	$0	$0
TOM CHAPMAN	VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
CHRISTOPHER BAHR	TRUSTEE	0.10	Director	$0	$0	$0
ANDREW BAXTER	TRUSTEE	0.10	Director	$0	$0	$0
SARALYN DUARTE	TRUSTEE	0.10	Director	$0	$0	$0
ROBERT FREDERICK	TRUSTEE	0.10	Director	$0	$0	$0
DR JAMES GLENN	TRUSTEE	0.10	Director	$0	$0	$0
DR JEFF L SINGLETARY	TRUSTEE	0.10	Director	$0	$0	$0
DR JAMES STOCK	TRUSTEE	0.10	Director	$0	$0	$0
DR THOMAS WADE	TRUSTEE	0.10	Director	$0	$0	$0
DR MARK T O'FARRELL	PRESIDENT (THRU 9/30/23)	40.00	Officer	$85,179	$10,928	$96,107
DR ERIC BARGERHUFF	VP ACADEMIC AFFAIRS	40.00	Officer	$83,783	$10,675	$94,458
ANTHONY ABELL	VP ENROLLMENT	40.00	Officer	$78,539	$10,500	$89,039
ALBERT DEPOUTOT	VP STUDENT DEVELOPMENT	40.00	Officer	$48,733	$9,735	$58,468
CHRISTIAN FROST	SENIOR ACCOUNTANT	40.00	Officer	$41,600	$8,300	$49,900
CHARLES MARTIN	VP ADVANCEMENT	40.00	Officer	$25,200	$0	$25,200
STEPHEN P BEST	INTERIM PRESIDENT (START 6/05/23)	40.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,461,460	$4,356,227	$8,027,524	$-894,767
2022	$3,601,183	$4,505,640	$8,799,813	$-904,457
2021	$5,253,643	$4,291,396	$9,467,703	$962,247
2020	$3,325,260	$3,704,307	$9,385,250	$-379,047
2019	$2,961,069	$3,755,782	$9,464,663	$-794,713
2018	$3,148,643	$3,548,780	$9,499,628	$-400,137

TRINITY COLLEGE OF FLORIDA INC