FLORIDA KEYS EDUCATIONAL FOUNDATION INC

EIN: 596173174 501(c)(3)

KEY WEST, FL

Total Revenue
$1,846,783
Total Expenses
$681,768
Total Assets
$8,715,752
Net Assets
$8,575,558
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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
1996
Legal Domicile
FL
Principal Officer
LANA GASPARI
Phone
3058093299
Tax Period
2023-04-01 to 2024-03-31

FLORIDA KEYS EDUCATIONAL FOUNDATION INC, founded in 1996, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 63% operating margin.

Mission

TO PROVIDE FINANCIAL AND OTHER ESSENTIAL SUPPORT TO FURTHER THE MISSION AND GOALS OF THE COLLEGE OF THE FLORIDA KEYS (CFK).

Program Service Accomplishments

Program 1
Expenses: $592,796

FLORIDA KEYS EDUCATIONAL FOUNDATION ASSISTS IN THE ACHIEVEMENT OF THE CFK'S MISSION BY SOLICITING, ADMINISTERING, AND OPTIMIZING THROUGH MATCHING PROGRAMS THE PRIVATE GIFTS, BEQUESTS, AND DONATIONS...

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FLORIDA KEYS EDUCATIONAL FOUNDATION ASSISTS IN THE ACHIEVEMENT OF THE CFK'S MISSION BY SOLICITING, ADMINISTERING, AND OPTIMIZING THROUGH MATCHING PROGRAMS THE PRIVATE GIFTS, BEQUESTS, AND DONATIONS TO SUPPORT CFK'S STUDENTS AND TO ENHANCE TEACHING AND LEARNING AT THE CFK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,585,540
Program Service Revenue $0
Investment Income $223,861
Other Revenue $37,382
TOTAL REVENUE $1,846,783

Expense Breakdown

Grants Paid $499,314
Salaries & Benefits $0
Fundraising Expenses $22,587
Program Expenses $592,796
Other Expenses $182,454
TOTAL EXPENSES $681,768

Year-over-Year Comparison

2023 2022 Change
Revenue $1,846,783 $749,474 +1.5%
Expenses $681,768 $1,063,846 -0.4%
Net Income $1,165,015 $-314,372 -4.7%
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
11
Independent Members
11
Employees
N/A
Volunteers
12

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
6
$115,539
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSICA LOSARDO RECORDING SECRETARY 0.20
Officer Director
$0 $0 $0
RACHEL OROPEZA RECORDING SECRETARY 0.03
Officer Director
$0 $0 $0
BRUCE HALLE TREASURER 0.23
Officer Director
$0 $0 $0
ROBERT STOKY CHAIR 0.19
Officer Director
$0 $0 $0
LISA FERRINGO VICE CHAIR 0.13
Officer Director
$0 $0 $0
ALAN BEAUBIEN MEMBER 0.06
Director
$0 $0 $0
DALE CHASTEEN MEMBER 0.16
Director
$0 $0 $0
CARRIE GROOMES MEMBER 0.16
Director
$0 $0 $0
DEBRA LEONARD MEMBER 0.19
Director
$0 $0 $0
JOHN PARCE MEMBER 0.19
Director
$0 $0 $0
MIKE PUTO MEMBER 0.09
Director
$0 $0 $0
YVETTE TALBOTT MEMBER (THRU 10/23) 0.06
Director
$0 $0 $0
LANA GASPARI EXECUTIVE DIRECTOR (AS OF 3/23) 5.00
Officer
$0 $18,573 $115,539
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 $1,846,783 $681,768 $8,715,752 $1,165,015
2023 $749,474 $1,063,846 $6,581,784 $-314,372
2022 $958,072 $1,384,810 $7,544,279 $-426,738
2021 $1,976,951 $915,768 $7,740,394 $1,061,183
2020 $1,204,926 $1,572,077 $4,621,582 $-367,151
2019 $638,378 $446,382 $6,069,453 $191,996
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