Florida Agricultural & Mechanical Univ Foundation Inc (EIN 596175096) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

Brandye Tatum-Fedrick PhD

Phone

8504125755

Tax Period

2024-07-01 to 2025-06-30

Florida Agricultural & Mechanical Univ Foundation Inc, founded in 1966, is a mid-sized nonprofit in the Education sector that reported $29.3M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $4.5M, a strong 15% operating margin.

Mission

The Foundation's purpose is to aid in the advancement of the Florida Agricultural and Mechanical University's objectives and purposes.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,039,894

Program Service Revenue $0

Investment Income $8,977,234

Other Revenue $4,282,622

TOTAL REVENUE $29,299,750

Expense Breakdown

Grants Paid $7,887,126

Salaries & Benefits $4,666,752

Fundraising Expenses $1,727,856

Program Expenses $18,735,900

Other Expenses $12,211,105

TOTAL EXPENSES $24,780,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,299,750	$36,839,426	-0.2%
Expenses	$24,780,902	$22,849,671	+0.1%
Net Income	$4,518,848	$13,989,755	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$495,629

Total Directors

$495,629

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald Palm	Executive Dir.	1.00	Officer Director	$0	$25,415	$328,013
Timothy Beard	Int. Univ. Pres	1.00	Officer Director	$0	$9,339	$167,616
Latosha Adams-Francis	Dir. Finance Svcs.	1.00		$0	$22,156	$140,273
Kenneth M Neighbors	Chairman	1.00	Officer Director	$0	$0	$0
Tirrell D Whittley	Vice Chair	1.00	Officer Director	$0	$0	$0
Tuwanna Munroe Ward	Treasurer	1.00	Officer Director	$0	$0	$0
Chan Bryant Abney	Secretary	1.00	Officer Director	$0	$0	$0
Wilbert Anthony Neal	Executive Dir.	1.00	Officer Director	$0	$0	$0
Curtis E Johnson Jr	NAA Rep.	1.00	Director	$0	$0	$0
Carmen Cummings Martin	OAA Exec. Dir.	5.00	Director	$0	$0	$0
Angela C Adderly	Director	1.00	Director	$0	$0	$0
Elaine Armster	Director	1.00	Director	$0	$0	$0
Terry D Arnold	Director	1.00	Director	$0	$0	$0
Rebecca Brown	Director	1.00	Director	$0	$0	$0
Gregory L Clark	Director	1.00	Director	$0	$0	$0
Hosetta Coleman	Director	1.00	Director	$0	$0	$0
Jeffrey K Francis	Director	1.00	Director	$0	$0	$0
Marcelia C Freeman	Director	1.00	Director	$0	$0	$0
Jemal O Gibson	Director	1.00	Director	$0	$0	$0
Clifton A Goins IV	Director	1.00	Director	$0	$0	$0
John L Green	Director	1.00	Director	$0	$0	$0
Erica D Hill	Director	1.00	Director	$0	$0	$0
Monica William Harris	Director	1.00	Director	$0	$0	$0
Billy B Greer IV	Director	1.00	Director	$0	$0	$0
Laurence A Humphries	Director	1.00	Director	$0	$0	$0
Chekesha C Kidd	Director	1.00	Director	$0	$0	$0
Lenetra S King	Director	1.00	Director	$0	$0	$0
Lisa R LaBoo	Director	1.00	Director	$0	$0	$0
Ebenezer T Oriaku	Director	1.00	Director	$0	$0	$0
Freddie Raines	Director	1.00	Director	$0	$0	$0
TJ Rose	Director	1.00	Director	$0	$0	$0
G Scott Uzzell	Director	1.00	Director	$0	$0	$0
Kyla J Mays	Director	1.00	Director	$0	$0	$0
W Cecyl Hobbs	Director	1.00	Director	$0	$0	$0
John Crossman	BOT Rep.	1.00		$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	$29,299,750	$24,780,902	$226,274,503	$4,518,848
2024	$36,839,426	$22,849,671	$206,789,779	$13,989,755
2023	$36,785,750	$22,513,264	$182,642,574	$14,272,486
2022	$45,594,915	$15,680,838	$165,576,820	$29,914,077
2021	$22,998,647	$10,049,226	$164,120,066	$12,949,421
2020	$11,055,454	$12,738,052	$126,533,616	$-1,682,598
2019	$11,759,363	$17,689,033	$129,745,635	$-5,929,670
2018	$21,857,025	$15,184,591	$133,086,440	$6,672,434

Florida Agricultural & Mechanical Univ Foundation Inc