THE FLORIDA COLLEGE SYSTEM FOUNDATION INC (EIN 650530384) - 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

1994

Legal Domicile

Principal Officer

MANDY RODEN

Phone

8502459494

Tax Period

2023-07-01 to 2024-06-30

THE FLORIDA COLLEGE SYSTEM FOUNDATION INC, founded in 1994, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Net assets of $29.9M represent 192 months of operating reserves.

Mission

THE MISSION OF THE FLORIDA COLLEGE SYSTEM FOUNDATION IS TO SECURE AND MANAGE PUBLIC AND PRIVATE RESOURCES TO PROVIDE OPTIMAL BENEFIT TO FLORIDA'S 28 COLLEGES, THEREBY SUPPORTING STUDENTS WHO ARE SEEKING A HIGH EDUCATION THAT WILL POSITIVELY IMPACT THEIR LIVES AND THE FUTURE OF THEIR COMMUNITIES.

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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 $36,025

Program Service Revenue $0

Investment Income $1,827,473

Other Revenue $2,450

TOTAL REVENUE $1,865,948

Expense Breakdown

Grants Paid $1,343,390

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,632,362

Other Expenses $538,666

TOTAL EXPENSES $1,882,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,865,948	$1,953,980	0.0%
Expenses	$1,882,056	$2,063,587	-0.1%
Net Income	$-16,108	$-109,607	-0.9%

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

$146,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY ALLBRITTEN	MEMBER AT LARGE	1.00	Officer Director	$0	$0	$0
TERESA BORCHECK	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
JOAN CRAIN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CRAMER	DIRECTOR	1.00	Director	$0	$0	$0
TAMI CULLENS	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA DAVANT	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA FONTE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GYLLIN	DIRECTOR	1.00	Director	$0	$0	$0
MARVA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CANDACE MARSHALL	FINANCE CHAIR	2.00	Officer Director	$0	$0	$0
KAREN MOORE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM MORRIS	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE PLATT	DIRECTOR	1.00	Director	$0	$0	$0
MAYELA ROJAS SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
VIOLETA SALUD	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL VITALE	CHAIR	3.00	Officer Director	$0	$0	$0
WENDY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JUDY GREEN	PRESIDENT UNTIL APRIL 2024	40.00	Officer	$0	$43,517	$146,316
KATHY HEBDA	EXECUTIVE DIRECTOR FROM APRIL 2024	6.00	Officer	$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	$1,865,948	$1,882,056	$29,938,887	$-16,108
2023	$1,953,980	$2,063,587	$27,026,219	$-109,607
2022	$2,375,403	$1,901,613	$25,706,853	$473,790
2021	$2,677,555	$2,464,012	$30,948,234	$213,543
2020	$1,212,455	$1,606,829	$24,488,451	$-394,374
2019	$1,413,113	$1,797,554	$24,468,930	$-384,441
2018	$2,567,612	$1,625,310	$24,432,298	$942,302

THE FLORIDA COLLEGE SYSTEM FOUNDATION INC