FLORIDA GULF COAST UNIVERSITY FOUN… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

GERARD CARRINGTON

Phone

2397454365

Tax Period

2024-07-01 to 2025-06-30

FLORIDA GULF COAST UNIVERSITY FOUNDATION INC, founded in 1993, is a mid-sized nonprofit in the Education sector that reported $27.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $5.1M, a strong 18% operating margin.

Mission

TO ADVANCE FLORIDA GULF COAST UNIVERSITY AND ITS STUDENTS BY PROMOTING THE INSTITUTION, SECURING PHILANTHROPY TO SUPPORT THE NEEDS OF THE UNIVERSITY, MANAGING AND ADMINISTERING ASSETS WITH A LONG TERM PERSPECTIVE, AND PROVIDING RESOURCES TO THE UNIVERSITY FOR THE BENEFIT OF ITS TEACHING, SCHOLARSHIP, AND PUBLIC SERVICE MISSION.

Program Service Accomplishments

Program 1

Expenses: $20,544,430 Revenue: $1,134,475

THE FOUNDATION RECEIVES AND ADMINISTERS GIFTS AND BEQUESTS FOR EDUCATIONAL AND CHARITABLE PURPOSES FOR THE ADVANCEMENT OF FLORIDA GULF COAST UNIVERSITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,030,298

Program Service Revenue $1,134,475

Investment Income $1,464,313

Other Revenue $315,258

TOTAL REVENUE $27,944,344

Expense Breakdown

Grants Paid $16,171,176

Salaries & Benefits $0

Fundraising Expenses $860,819

Program Expenses $20,544,430

Other Expenses $6,382,732

TOTAL EXPENSES $22,804,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,944,344	$32,875,635	-0.1%
Expenses	$22,804,442	$30,641,484	-0.3%
Net Income	$5,139,902	$2,234,151	+1.3%

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

$1,308,225

Total Directors

$745,843

Key Employees

$570,103

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYSEGUL TIMUR	PRESIDENT	10.00	Officer Director	$0	$58,846	$745,843
NEALE MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HARTLEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAIME ULMER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SWINDLE	DIRECTOR	1.00	Director	$0	$0	$0
MILLER COUSE	DIRECTOR	0.25	Director	$0	$0	$0
PETER SULICK	DIRECTOR	0.25	Director	$0	$0	$0
LEE SEIDLER	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD ACKERT	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM HOROWITZ	DIRECTOR	0.25	Director	$0	$0	$0
MYRA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA SCOTT	CHAIR	1.00	Officer Director	$0	$0	$0
MARTIN SCHAPPELL	DIRECTOR	1.00	Director	$0	$0	$0
GARY GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE ROEPSTORFF	EX OFFICIO	1.00	Director	$0	$0	$0
BILL BARKER	DIRECTOR	1.00	Director	$0	$0	$0
W BERNARD LESTER	DIRECTOR	0.25	Director	$0	$0	$0
GREG BLURTON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN BRODIE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MCINTOSH	DIRECTOR	0.25	Director	$0	$0	$0
SHONTRA POWELL	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN MCINTYRE	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE BOY	DIRECTOR	1.00	Director	$0	$0	$0
MARY BETH GEIER	DIRECTOR	1.00	Director	$0	$0	$0
BARRON COLLIER III	DIRECTOR	0.25	Director	$0	$0	$0
JOHN FUMAGALLI	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH CATTI	DIRECTOR	0.25	Director	$0	$0	$0
LAWRENCE ANTONUCCI	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN RIST	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDINE LEGER-WETZEL	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD MORTON	DIRECTOR	0.25	Director	$0	$0	$0
DIANA WILLIS	DIRECTOR	1.00	Director	$0	$0	$0
DONALD LESCH	DIRECTOR	0.25	Director	$0	$0	$0
DAVID LUCAS	DIRECTOR	0.25	Director	$0	$0	$0
CHARLES WINTON	DIRECTOR	0.25	Director	$0	$0	$0
CHELSEA GANEY	DIRECTOR	1.00	Director	$0	$0	$0
LINDA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES IDELSON	DIRECTOR	0.25	Director	$0	$0	$0
CHARLES EDWARDS	DIRECTOR	0.25	Director	$0	$0	$0
JESSE BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KNUPP	DIRECTOR	0.25	Director	$0	$0	$0
JEFFREY FRIDKIN	DIRECTOR	0.25	Director	$0	$0	$0
JEFF FARAMO	DIRECTOR	1.00	Director	$0	$0	$0
BRETT DIAMOND	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS VANOORT	TREASURER	1.00	Officer Director	$0	$0	$0
J DUDLEY GOODLETTE	DIRECTOR	0.25	Director	$0	$0	$0
GAIL MARKHAM	DIRECTOR	1.00	Director	$0	$0	$0
FRED PEZESHKAN	DIRECTOR	0.25	Director	$0	$0	$0
HARRY CASIMIR	SECRETARY	1.00	Officer Director	$0	$0	$0
PHIL FISCHLER	DIRECTOR	1.00	Director	$0	$0	$0
KIM CICCARELLI KANTOR	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SPROUL	DIRECTOR	1.00	Director	$0	$0	$0
LUCIENNE PEARS	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE GREEN	EXECUTIVE DIRECTOR	25.00	Officer	$0	$50,417	$346,080
GERARD CARRINGTON	CHIEF FINANCIAL OFFICER	30.00	Officer	$0	$36,986	$216,302
DAVID VAZQUEZ	ASSISTANT TREASURER	1.00	Key Emp	$0	$40,258	$341,340
CINDY LEARNED	ASSISTANT VICE PRESIDENT	35.00	Key Emp	$0	$45,073	$228,763
WILLIAM RICE	SR. PHILANTHROPY OFFICER	30.00	Highest	$0	$42,150	$204,722
MICHAEL MARTIN	FORMER PRESIDENT	10.00		$0	$0	$233,333

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	$27,944,344	$22,804,442	$230,102,845	$5,139,902
2024	$32,875,635	$30,641,484	$206,115,247	$2,234,151
2023	$29,949,264	$22,028,403	$185,699,204	$7,920,861
2022	$25,895,312	$20,282,820	$164,718,359	$5,612,492
2021	$21,067,344	$20,940,515	$178,086,108	$126,829
2020	$24,893,229	$17,914,536	$148,110,354	$6,978,693
2019	$17,180,569	$19,600,174	$134,886,716	$-2,419,605
2018	$17,392,075	$15,229,161	$131,528,050	$2,162,914

FLORIDA GULF COAST UNIVERSITY FOUNDATION INC