Nova Southeastern University Health Professions Division Foundation Inc (EIN 650456144) - 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

1993

Legal Domicile

Principal Officer

Frederick Lippman

Phone

9542625258

Tax Period

2021-07-01 to 2022-06-30

Nova Southeastern University Health Professions Division Foundation Inc, founded in 1993, is a small nonprofit that reported $264K in total revenue in fiscal year 2021. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $708K exceeded revenue, resulting in a 168% operating deficit.

Mission

To support the Health Professions Division of Nova Southeastern University, Inc.

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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 (2021)

Revenue Breakdown

Contributions & Grants $25,755

Program Service Revenue $0

Investment Income $238,516

Other Revenue $0

TOTAL REVENUE $264,271

Expense Breakdown

Grants Paid $633,242

Salaries & Benefits $0

Fundraising Expenses $35,000

Program Expenses $633,242

Other Expenses $75,171

TOTAL EXPENSES $708,413

Year-over-Year Comparison

	2021	2020	Change
Revenue	$264,271	$514,689	-0.5%
Expenses	$708,413	$724,667	0.0%
Net Income	$-444,142	$-209,978	+1.1%

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

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

$650,288

Total Directors

$1,288,547

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George L Hanbury II	Trustee	0.10	Director	$0	$55,366	$1,222,353
Jay Tischenkel	Treasurer	0.10	Officer Director	$0	$3,884	$41,290
Anthony Ottaviani	Asst. Exec. Dir.	0.10	Officer Director	$0	$0	$24,904
Barry Silverman	Chairman	0.10	Officer Director	$0	$0	$0
Ronald Assaf	Trustee	0.10	Director	$0	$0	$0
Robert Barron	Trustee	0.10	Director	$0	$0	$0
Howard Braverman	Trustee	0.10	Director	$0	$0	$0
Jerome Chermack	Trustee	0.10	Director	$0	$0	$0
David Glassman	Trustee	0.10	Director	$0	$0	$0
Jeffrey S Grove	Trustee	0.10	Director	$0	$0	$0
Dana Altschul Haimo	Trustee	0.10	Director	$0	$0	$0
Claude L Jones	Trustee	0.10	Director	$0	$0	$0
Mel Krohn	Trustee	0.10	Director	$0	$0	$0
Lloyd Moriber	Trustee	0.10	Director	$0	$0	$0
Charles Palmer	Trustee	0.10	Director	$0	$0	$0
Beny Rub	Trustee	0.10	Director	$0	$0	$0
Joel Rush	Trustee	0.10	Director	$0	$0	$0
Sandra Schwemmer	Trustee	0.10	Director	$0	$0	$0
Phillip Shettle	Trustee	0.10	Director	$0	$0	$0
Kenneth Tate	Trustee	0.10	Director	$0	$0	$0
Joel Wilentz	Trustee	0.10	Director	$0	$0	$0
Frederick Lippman	Executive Director	1.20	Officer	$0	$30,991	$584,094

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
2022	$264,271	$708,413	$7,085,216	$-444,142
2022	$33,584	$2,273,889	No data	$-2,240,305
2021	$514,689	$724,667	$8,842,367	$-209,978
2020	$163,843	$578,901	$6,856,298	$-415,058
2019	$201,636	$849,186	$6,937,869	$-647,550

Nova Southeastern University Health Professions Division Foundation Inc