PENSACOLA STATE COLLEGE FOUNDATION INC

EIN: 596173057 501(c)(3)

PENSACOLA, FL

Total Revenue
$4,112,333
Total Expenses
$2,197,019
Total Assets
$54,243,922
Net Assets
$51,966,174
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
FL
Principal Officer
JENNIFER A COLE
Phone
8504841560
Tax Period
2025-01-01 to 2025-12-31

PENSACOLA STATE COLLEGE FOUNDATION INC, founded in 1965, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 47% operating margin.

Mission

TO ENCOURAGE, SOLICIT, RECEIVE AND ADMINISTER GIFTS AND BEQUESTS OF PROPERTY AND FUNDS FOR SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES, ALL FOR THE ADVANCEMENT OF THE PENSACOLA STATE COLLEGE AND ITS OBJECTIVES. THE MISSION OF PENSACOLA STATE COLLEGE FOUNDATION IS TO CHANGE LIVES BY PROVIDING STUDENTS ACCESS TO AN AFFORDABLE, QUALITY EDUCATION AND TO SUPPORT THE GROWTH AND DEVELOPMENT OF PSC, ITS FACULTY, STAFF, AND CAMPUS FACILITIES IN ORDER TO ENHANCE THE COLLEGE'S IMPACT IN ITS SURROUNDING COMMUNITIES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,424,311
Program Service Revenue $109,651
Investment Income $2,474,437
Other Revenue $103,934
TOTAL REVENUE $4,112,333

Expense Breakdown

Grants Paid $901,843
Salaries & Benefits $251,604
Fundraising Expenses $99,278
Program Expenses $1,774,882
Other Expenses $1,043,572
TOTAL EXPENSES $2,197,019

Year-over-Year Comparison

2025 2024 Change
Revenue $4,112,333 $3,650,209 +0.1%
Expenses $2,197,019 $2,406,465 -0.1%
Net Income $1,915,314 $1,243,744 +0.5%
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

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Governance

Voting Members
28
Independent Members
28
Employees
N/A
Volunteers
92

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
9
$528,731
Total Directors
37
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MORETTE PRESIDENT 2.81
Officer Director
$0 $0 $0
JENNIFER COLE VICE PRESIDENT 1.72
Officer Director
$0 $0 $0
TOM OWENS TREASURER 0.82
Officer Director
$0 $0 $0
CHANDRA SMILEY SECRETARY 0.44
Officer Director
$0 $0 $0
ALAN NICKELSEN BY-LAWS CHAIR 0.46
Director
$0 $0 $0
ASHLEE HOFBERGER GOVERNOR AT LARGE 0.78
Director
$0 $0 $0
BECCA BOLES GOVERNOR AT LARGE 1.38
Director
$0 $0 $0
BILL WEIN GOVERNOR AT LARGE 0.85
Director
$0 $0 $0
CARTER HERMAN GOVERNOR AT LARGE 0.57
Director
$0 $0 $0
CHARLIE SHERRILL III GOVERNOR AT LARGE 0.95
Director
$0 $0 $0
CHRISTA DAVIS GOVERNOR AT LARGE 1.57
Director
$0 $0 $0
COLTEN WRIGHT GOVERNOR AT LARGE 0.54
Director
$0 $0 $0
DICK DIXON GOVERNOR AT LARGE 0.95
Director
$0 $0 $0
DOUG BATES GOVERNOR AT LARGE 0.38
Director
$0 $0 $0
ED CARSON GOVERNOR AT LARGE 0.68
Director
$0 $0 $0
ERIC RANDALL GOVERNOR AT LARGE 0.94
Director
$0 $0 $0
FALLON KURPUIS GOVERNOR AT LARGE 0.46
Director
$0 $0 $0
JAMES REEVES GOVERNOR AT LARGE 0.77
Director
$0 $0 $0
JESSICA WIMER MARKETING CHAIR 0.68
Director
$0 $0 $0
JODI BELL MARKETING CHAIR 1.28
Director
$0 $0 $0
KENDRICK DOIDGE GOVERNOR AT LARGE 2.02
Director
$0 $0 $0
KRAMER LITVAK GOVERNOR AT LARGE 0.38
Director
$0 $0 $0
LANE HARPER NOMINATING CHAIR 0.60
Director
$0 $0 $0
MIKE CRANEY GOVERNOR AT LARGE 1.54
Director
$0 $0 $0
SHARON HESS HERRICK GOVERNOR AT LARGE 0.78
Director
$0 $0 $0
TREY POIRIER PAST PRESIDENT 0.63
Director
$0 $0 $0
TYLER KERCHER GOVERNOR AT LARGE 0.28
Director
$0 $0 $0
WILL MOORE GOVERNOR AT LARGE 1.10
Director
$0 $0 $0
JIM BENSON GOVERNOR AT LARGE 0.20
Director
$0 $0 $0
NANCY FEETTERMAN HONONARY GOVERNOR 0.20
Director
$0 $0 $0
HAL GEORGE GOVERNOR AT LARGE 0.44
Director
$0 $0 $0
THOMAS LAMPONE HONONARY GOVERNOR 0.20
Director
$0 $0 $0
ADRIENNE MAYGARDEN GOVERNOR AT LARGE 0.20
Director
$0 $0 $0
BOBBY POTOMSKI HONONARY GOVERNOR 0.19
Director
$0 $0 $0
JO-ANN PRICE GOVERNOR AT LARGE 0.23
Director
$0 $0 $0
BETTY ROBERTS HONONARY GOVERNOR 0.24
Director
$0 $0 $0
KERRY ANNE SCHULTZ HONONARY GOVERNOR 0.17
Director
$0 $0 $0
ANDREA KRIEGER EXECUTIVE DIRECTOR 40.00
Officer
$135,482 $61,785 $197,267
CASSIE REDMYER DIRECTOR OF PHILANTHROPY 40.00
Officer
$52,065 $7,611 $59,676
LAURA HILL DIRECTOR OF DONOR RELATIONS 40.00
Officer
$70,464 $20,764 $91,228
MINA COLON DIRECTOR OF FINANCE & BUSINESS OPERATIONS 40.00
Officer
$62,925 $32,037 $94,962
MIKENZIE FRANCIS DIRECTOR OF FOUNDATION SCHOLARSHIPS 40.00
Officer
$65,829 $19,769 $85,598
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 $4,112,333 $2,197,019 $54,243,922 $1,915,314
2024 $3,650,209 $2,406,465 $49,159,087 $1,243,744
2023 $5,068,525 $1,592,710 $44,373,581 $3,475,815
2022 $5,246,464 $2,649,181 $38,395,990 $2,597,283
2021 $5,040,856 $1,887,311 $40,871,314 $3,153,545
2020 $2,642,986 $1,963,009 $33,865,070 $679,977
2019 $3,757,675 $2,424,426 $29,858,230 $1,333,249
2018 $2,366,775 $2,020,150 $24,362,805 $346,625
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