Florida SouthWestern State College Foundation Inc (EIN 596173638) - 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

1996

Legal Domicile

Principal Officer

Geraldine Gallagher

Tax Period

2023-04-01 to 2024-03-31

Florida SouthWestern State College Foundation Inc, founded in 1996, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 37% operating margin.

Mission

The mission of the FSW Foundation is to support the strategic priorities of Florida SouthWestern State College by providing additional funding and resources.

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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 $3,552,930

Program Service Revenue $31,100

Investment Income $2,352,260

Other Revenue $299,875

TOTAL REVENUE $6,236,165

Expense Breakdown

Grants Paid $2,984,516

Salaries & Benefits $0

Fundraising Expenses $343,971

Program Expenses $2,984,516

Other Expenses $960,864

TOTAL EXPENSES $3,945,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,236,165	$5,430,900	+0.1%
Expenses	$3,945,380	$3,348,744	+0.2%
Net Income	$2,290,785	$2,082,156	+0.1%

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

$407,943

Total Directors

$859,112

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Allbritten	College PresEx-Officio Direc	1.00	Director	$0	$373,167	$859,112
Geraldine Gallagher	Executive Director	40.00	Officer	$0	$78,797	$269,141
Sara Mayo	Chief Financial Officer	40.00	Officer	$0	$31,228	$138,802
Susan Chicone	DirectorTreasurerSecretary	1.00	Director	$0	$0	$0
William Banfield	Board of Trustee RepEx-Offic	1.00	Director	$0	$0	$0
Troy Churchill	Director	1.00	Director	$0	$0	$0
Braxton Rhone	Director	1.00	Director	$0	$0	$0
Carl Grissom	Former Director	1.00	Director	$0	$0	$0
Jeff Kunberger	Director	1.00	Director	$0	$0	$0
Eric Loche	Director	1.00	Director	$0	$0	$0
Deborah Stewart	Director	1.00	Director	$0	$0	$0
Roman Sazonov	Director	1.00	Director	$0	$0	$0
Jared Brancazio	Director	1.00	Director	$0	$0	$0
Paula Malone	Director	1.00	Director	$0	$0	$0
Carey Soud	Former DirectorTreasurerSec	1.00	Officer Director	$0	$0	$0
Mary Lee Mann	Vice ChairDirector	1.00	Officer Director	$0	$0	$0
John Wright	DirectorChair	1.00	Officer Director	$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	$6,236,165	$3,945,380	$55,754,167	$2,290,785
2023	$5,430,900	$3,348,744	$50,191,161	$2,082,156
2022	$7,097,910	$4,251,566	$52,034,675	$2,846,344
2021	$8,385,095	$3,368,412	$51,216,628	$5,016,683
2020	$2,382,911	$4,128,241	$42,026,567	$-1,745,330
2019	$3,198,103	$3,972,692	$46,313,118	$-774,589
2018	$3,871,940	$4,732,037	$48,693,245	$-860,097

Florida SouthWestern State College Foundation Inc