UNIVERSITY OF WEST FLORIDA FOUNDAT… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

DANIEL LUCAS

Phone

8504743118

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF WEST FLORIDA FOUNDATION INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $31.1M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 23% operating margin.

Mission

SOLICITING, RECEIVING, AND ADMINISTERING GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES ALL FOR THE ADVANCEMENT OF THE UNIVERSITY OF WEST FLORIDA (UWF). TO PROMOTE AND SUPPORT EDUCATION AND EDUCATION FACILITIES, INCLUDING HOUSING AT UWF.

Program Service Accomplishments

Program 1

Expenses: $10,485,190 Revenue: $11,425,244

STUDENT HOUSING PROGRAM - THE UWF DEPARTMENT OF HOUSING AND RESIDENCE LIFE PROVIDES HOUSING FOR APPROXIMATELY 12%, I.E., OVER 1,555 STUDENTS AND 64 STUDENT STAFF, OF THE UNIVERSITY'S STUDENT BODY OF 14,343. OCCUPANCY OF DORMS IS TO MEET STUDENTS' ON CAMPUS HOUSING NEEDS. IN ADDITION TO RESIDENTIAL SERVICES, HOUSING OFFERS OVER 335 EDUCATIONAL AND SOCIAL PROGRAMS DESIGNED TO ENHANCE THE STUDENTS' LEARNING ENVIRONMENT AS WELL AS ENRICH THE STUDENTS' COLLEGE EXPERIENCE.

Program 2

Expenses: $2,899,586

STUDENT SCHOLARSHIP PROGRAM - THE UWF FOUNDATION AWARDED 2,997 SCHOLARSHIPS TO 1,429 UWF STUDENTS. THESE SCHOLARSHIPS HELPED TO ENSURE THOSE STUDENTS GAINED A HIGHER EDUCATION. ONE OF THE NEW...

STUDENT SCHOLARSHIP PROGRAM - THE UWF FOUNDATION AWARDED 2,997 SCHOLARSHIPS TO 1,429 UWF STUDENTS. THESE SCHOLARSHIPS HELPED TO ENSURE THOSE STUDENTS GAINED A HIGHER EDUCATION. ONE OF THE NEW SCHOLARSHIPS PROMOTED DURING THE YEAR WAS THE FIRST GENERATION SCHOLARSHIP. THIS SCHOLARSHIP ENABLES STUDENTS, WHO ARE FIRST GENERATION IN THEIR FAMILY TO ATTEND COLLEGE, TO BE ABLE TO AFFORD COLLEGE TUITION. THE FOUNDATION RAISED AND AWARDED $297,598 OF FIRST GENERATION SCHOLARSHIPS DURING THE YEAR.

Program 3

Expenses: $480,728

EMINENT SCHOLARS AND PROFESSORSHIPS - THE UNIVERSITY ADDED 3 DISTINGUISHED PROFESSORS LAST FISCAL YEAR. THESE PROFESSORSHIPS HELPED TO ADVANCE THE EDUCATIONAL MISSION OF THE UNIVERSITY BY HAVING...

EMINENT SCHOLARS AND PROFESSORSHIPS - THE UNIVERSITY ADDED 3 DISTINGUISHED PROFESSORS LAST FISCAL YEAR. THESE PROFESSORSHIPS HELPED TO ADVANCE THE EDUCATIONAL MISSION OF THE UNIVERSITY BY HAVING DISTINGUISHED AND SPECIALIZED PROFESSORS TEACH STUDENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $12,816,735

Program Service Revenue $11,031,660

Investment Income $7,115,300

Other Revenue $115,513

TOTAL REVENUE $31,079,208

Expense Breakdown

Grants Paid $2,899,586

Salaries & Benefits $6,073,304

Fundraising Expenses $773,779

Program Expenses $21,071,323

Other Expenses $15,073,512

TOTAL EXPENSES $24,067,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,079,208	$23,965,993	+0.3%
Expenses	$24,067,831	$20,578,321	+0.2%
Net Income	$7,011,377	$3,387,672	+1.1%

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

N/A

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

$672,472

Total Directors

Key Employees

$1,667,952

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD ADCOX	DIRECTOR	0.15	Director	$0	$0	$0
DICK BAKER	BOT REPRESENTATIVE	0.50	Director	$0	$0	$0
CONNIE BOOKMAN	DIRECTOR	0.20	Director	$0	$0	$0
RICK BYARS	DIRECTOR	0.25	Director	$0	$0	$0
JASON CRAWFORD	IMMEDIATE PAST CHAIR	0.40	Director	$0	$0	$0
MATTHEW CROW	FACULTY SENATE V.P.	0.20	Director	$0	$0	$0
DEE DEE DAVIS	DIRECTOR	0.20	Director	$0	$0	$0
MEGAN FRY	BOARD SECRETARY	0.40	Officer Director	$0	$0	$0
DARRELL GOODEN	DIRECTOR	0.40	Director	$0	$0	$0
JOHN GORMLEY	DIRECTOR	0.20	Director	$0	$0	$0
CARYL GREENE	DIRECTOR	0.30	Director	$0	$0	$0
CHAD HENDERSON	DIRECTOR	0.15	Director	$0	$0	$0
JAMES HOSMAN	BOD CHAIR	0.85	Officer Director	$0	$0	$0
H BRITT LANDRUM	DIRECTOR	0.20	Director	$0	$0	$0
HONG POTOMSKI	DIRECTOR	0.20	Director	$0	$0	$0
WILLIAM RONE	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS RONEY	DIRECTOR	0.20	Director	$0	$0	$0
KATHY SANDSTROM	DIRECTOR	0.40	Director	$0	$0	$0
RODNEY SUTTON	TREASURER	0.25	Officer Director	$0	$0	$0
BRUCE VREDENBURG	DIRECTOR	0.65	Officer Director	$0	$0	$0
CINDY WARREN	DIRECTOR	0.30	Director	$0	$0	$0
JEFF WEEKS	DIRECTOR	0.50	Director	$0	$0	$0
WHITNEY FIKE	ALUMNI BOARD DIRECTOR	0.45	Director	$0	$0	$0
AMBER GRIFFITH	BOD CHAIR	0.15	Officer Director	$0	$0	$0
KYANNA MAI MONTOYA	SGA V.P.	0.15	Director	$0	$0	$0
VICTORIA MULLET	DIRECTOR	0.30	Director	$0	$0	$0
HOWARD REDDY	FOUNDATION PRESIDENT	1.00	Officer	$0	$92,841	$350,960
DANIEL LUCAS	CFO	1.00	Officer	$0	$35,832	$212,759
EVA BUTTS	DIRECTOR	1.00	Officer	$0	$18,111	$108,753
MARTHA SAUNDERS	UWF PRESIDENT	0.30	Key Emp	$0	$214,124	$782,430
GEORGE ELLENBERG	FORMER PROVOST, PROFESSOR	1.00	Key Emp	$0	$48,486	$257,904
BETSY BOWERS	VP FINANCE AND ADMINISTRATION	1.00	Key Emp	$0	$33,456	$313,973
JEREMY KUHL	PROVOST	1.00	Key Emp	$0	$39,362	$313,645
JUSTIN DAVIS	PROFESSOR	1.00	Highest	$0	$31,349	$281,861
GARY LIQUORI	FORMER PROVOST	1.00	Highest	$0	$48,461	$373,359
CHULA KING	PROFESSOR	1.00	Highest	$0	$40,279	$248,933
KEVIN KREIGER	PROFESSOR	1.00	Highest	$0	$51,428	$348,604

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	$31,079,208	$24,067,831	$193,517,207	$7,011,377
2023	$23,965,993	$20,578,321	$184,725,863	$3,387,672
2022	$25,076,558	$19,165,041	$176,233,105	$5,911,517
2021	$24,337,669	$18,076,763	$193,203,546	$6,260,906
2020	$23,515,652	$18,628,082	$164,565,433	$4,887,570
2019	$23,223,640	$18,517,930	$165,874,904	$4,705,710
2018	$27,854,310	$19,267,937	$171,323,735	$8,586,373

UNIVERSITY OF WEST FLORIDA FOUNDATION INC