NORTH FLORIDA COLLEGE FOUNDATION INC (EIN 596179948) - 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

TRACI S MCCLUNG

Phone

8509739416

Tax Period

2023-04-01 to 2024-03-31

NORTH FLORIDA COLLEGE FOUNDATION INC, founded in 1996, is a small nonprofit in the Education sector that reported $362K in total revenue in fiscal year 2023. Expenses of $405K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE NORTH FLORIDA COLLEGE FOUNDATION IS TO IDENTIFY, ACQUIRE AND MANAGE ASSETS WITH THE UTMOST SINCERITY, HONESTY, INTEGRITY, COMPETENCE, AND TRANSPARENCY AND TO NURTURE AND ASSIST STUDENTS IN REACHING THEIR GLOBAL, EDUCATIONAL GOALS.

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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 $255,019

Program Service Revenue $0

Investment Income $106,914

Other Revenue $65

TOTAL REVENUE $361,998

Expense Breakdown

Grants Paid $341,624

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,624

Other Expenses $63,640

TOTAL EXPENSES $405,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,998	$363,001	0.0%
Expenses	$405,264	$392,520	+0.0%
Net Income	$-43,266	$-29,519	+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

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

$225,538

Total Directors

$325,121

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELESTA PRITCHETT	DIRECTOR	1.00	Director	$0	$0	$0
ELOUISE GREEN	DIRECTOR	1.00	Director	$0	$0	$0
HAL D THOMAS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JANEGALE BOYD	DIRECTOR	1.00	Director	$0	$0	$0
JIM WITT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GROSSKOPF	PRESIDENT	1.00	Officer Director	$0	$0	$168,831
TRACI MCCLUNG	DIR. OF RESOURCE DEV.	1.00	Officer Director	$0	$0	$56,707
JULIUS HACKETT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHERYL MCCALL	DIRECTOR	1.00	Director	$0	$0	$0
LUCILE DAY	DIRECTOR	1.00	Director	$0	$0	$0
MARK WIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
MICAH RODGERS	DEAN OF ADM. SVS.	1.00	Director	$0	$0	$99,583
RHETT BULLARD	DIRECTOR	1.00	Director	$0	$0	$0
RICKY LYONS	TRUSTEE DESIGNEE	1.00	Director	$0	$0	$0
SCOTT MIXON	DIRECTOR	1.00	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	$361,998	$405,264	$6,042,264	$-43,266
2023	$363,001	$392,520	$5,328,240	$-29,519
2022	$364,239	$681,011	$5,743,122	$-316,772
2021	$211,170	$355,720	$5,811,499	$-144,550
2019	$530,638	$427,657	$4,213,249	$102,981

NORTH FLORIDA COLLEGE FOUNDATION INC