EVERGLADES COLLEGE INC (EIN 650216638) - 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

2000

Legal Domicile

Principal Officer

GREGG WALLICK

Phone

9547764476

Tax Period

2023-01-01 to 2023-12-31

EVERGLADES COLLEGE INC, founded in 2000, is a major nonprofit in the Education sector that reported $629.4M in total revenue in fiscal year 2023. Expenses of $606.1M left a modest 4% surplus.

Mission

KEISER UNIVERSITY AND EVERGLADES UNIVERSITY ARE REGIONALLY ACCREDITED PRIVATE CAREER UNIVERSITIES THAT PROVIDE EDUCATIONAL PROGRAMS AT THE UNDERGRADUATE AND GRADUATE LEVELS FOR A DIVERSE STUDENT BODY IN TRADITIONAL, NONTRADITIONAL AND ONLINE DELIVERY FORMATS. THE MAIN CAMPUS IS LOCATED IN FORT LAUDERDALE, WITH CAMPUSES LOCATED THROUGHOUT THE STATE OF FLORIDA AND INTERNATIONALLY. THROUGH QUALITY TEACHING, LEARNING AND RESEARCH, THE UNIVERSITY IS COMMITTED TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THE KNOWLEDGE, UNDERSTANDING AND SKILLSNECESSARY FOR SUCCESSFUL EMPLOYMENT. COMMITTED TO A "STUDENTS FIRST" PHILOSOPHY, KEISER UNIVERSITY PREPARES GRADUATES FOR CAREERS IN BUSINESS, CRIMINAL JUSTICE, HEALTH CARE, TECHNOLOGY, HOSPITALITY, EDUCATION AND CAREER-FOCUSED STUDIES.

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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 $12,939,175

Program Service Revenue $603,535,067

Investment Income $3,468,141

Other Revenue $9,411,834

TOTAL REVENUE $629,354,217

Expense Breakdown

Grants Paid $96,070,371

Salaries & Benefits $236,328,897

Fundraising Expenses $0

Program Expenses $606,106,831

Other Expenses $273,707,563

TOTAL EXPENSES $606,106,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$629,354,217	$598,651,077	+0.1%
Expenses	$606,106,831	$572,173,434	+0.1%
Net Income	$23,247,386	$26,477,643	-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

4070

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

$2,302,380

Total Directors

$7,500

Key Employees

$560,456

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIA KONDRACKI	TRUSTEE	7.00	Director	$500	$0	$500
GREGG WALLICK	CHAIRMAN /PRESIDENT	7.00	Officer Director	$1,000	$0	$1,000
JOSHUA FORDIN	TRUSTEE	7.00	Director	$1,000	$0	$1,000
HOWARD TALENFELD	TRUSTEE	7.00	Director	$0	$0	$0
MICHAEL VIOLA	TRUSTEE	7.00	Director	$500	$0	$500
MANUEL MAIR	TRUSTEE	7.00	Director	$500	$0	$500
JOSE CORTES	TRUSTEE	7.00	Director	$1,000	$0	$1,000
WANDA GOZDZ	TRUSTEE	7.00	Director	$1,000	$0	$1,000
THOMAS FOSTER	TRUSTEE	7.00	Director	$500	$0	$500
NICOLE HERAN	TRUSTEE	7.00	Director	$1,000	$0	$1,000
JAMES HUTTON FORMER TRUSTEE	TRUSTEE	7.00	Director	$500	$0	$500
FRANK FRIONE	TRUSTEE	7.00	Director	$0	$0	$0
ARTHUR KEISER	VP/CHANCELLOR	40.00	Officer	$873,550	$22,803	$896,353
PETER CROCITTO	VP/SECRETARY/COO	40.00	Officer	$785,398	$36,808	$822,206
CHRISTOPHER VALLEAU	TREASURER/VICE CHANCELL	40.00	Officer	$227,391	$21,174	$248,565
JOSEPH BERARDINELLI	FORMER TREASURER/SR VICE CHANCELL	40.00	Officer	$317,135	$17,121	$334,256
KRISTI MOLLIS	UNIVERSITY PRESIDENT	40.00	Key Emp	$536,884	$23,572	$560,456
JAMES WALDMAN	GENERAL COUNSEL	40.00	Highest	$470,660	$26,704	$497,364
TERI SCHEFF-DEL VECCHIO	VICE CHANCELLOR OF ENROLLM	40.00	Highest	$376,610	$23,572	$400,182
LYNDA WATERHOUSE	CAMPUS PRESIDENT	40.00	Highest	$366,433	$26,506	$392,939
GARRETT VONK	CAMPUS PRESIDENT	40.00	Highest	$366,445	$22,803	$389,248
ANDREW LEE	VICE CHANCELLOR OF TECHNOL	40.00	Highest	$338,895	$22,667	$361,562

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
2024	No data	No data	No data	No data
2023	$629,354,217	$606,106,831	$966,250,979	$23,247,386
2022	$598,651,077	$572,173,434	$902,419,678	$26,477,643
2021	$647,335,916	$573,347,499	$670,294,753	$73,988,417
2020	$559,847,283	$503,131,902	$609,699,324	$56,715,381
2019	$525,813,324	$540,135,416	$522,874,100	$-14,322,092
2018	$489,947,343	$494,193,744	$536,031,147	$-4,246,401

EVERGLADES COLLEGE INC