UNIVERSITY OF FORT LAUDERDALE

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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

BRIAN HANKERSON

Phone

9544867728

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF FORT LAUDERDALE, founded in 1996, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2024. Expenses of $4.7M left a modest 3% surplus.

Mission

THE MISSION OF THE UNIVERSITY OF FORT LAUDERDALE IS TO BE A PREMIER CHRISTIAN INSTITUTION OF HIGHER LEARNING EMPOWERING FUTURE LEADERS THROUGH HIGHER EDUCATIONAL DEGREES ROOTED IN BIBLICAL PRINCIPLES AND ACADEMIC EXCELLENCE, TO INFLUENCE THE WORLD INTELLECTUALLY, TECHNOLOGICALLY, AND THROUGH RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $3,959,254 Revenue: $3,469,280

STUDENT SERVICES WHICH INCLUDE EDUCATIONAL PROGRAMS AS WELL AS ATHLETIC PROGRAMS.

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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 $1,375,410

Program Service Revenue $3,300,184

Investment Income $0

Other Revenue $169,096

TOTAL REVENUE $4,844,690

Expense Breakdown

Grants Paid $424,396

Salaries & Benefits $2,729,101

Fundraising Expenses $4,138

Program Expenses $3,959,254

Other Expenses $1,526,382

TOTAL EXPENSES $4,679,879

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,844,690	$4,928,207	0.0%
Expenses	$4,679,879	$4,846,283	0.0%
Net Income	$164,811	$81,924	+1.0%

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

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

$356,099

Total Directors

$98,013

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORCORAN BURTON	VICE CHAIR	5.00	Director	$0	$0	$0
HENRY FERNANDEZ	CHANCELLOR/ TRUSTEE	24.00	Officer Director	$98,013	$0	$98,013
COLIN MCDONALD	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTOPHER SMITH	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN HANKERSON	VP FINANCE & ATHLETICS & ADJUNCT FACULTY	30.00	Officer	$81,264	$0	$81,264
CHLORIS UNDERWOOD	VP COMPLIANCE	20.00	Officer	$41,424	$0	$41,424
DEBORAH HECTER	PRESIDENT	40.00	Officer	$135,398	$0	$135,398
WILLIAM GLESSNER	ASSISTANT AD & COACH	40.00	Highest	$130,077	$0	$130,077
DAMON COGDELL	AD & COACH	40.00	Highest	$126,683	$0	$126,683

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	$4,844,690	$4,679,879	$1,572,900	$164,811
2024	No data	No data	No data	No data
2023	$3,811,838	$3,793,633	$1,182,802	$18,205
2022	$3,324,876	$3,286,976	$761,850	$37,900
2021	$2,272,034	$2,067,630	$1,029,644	$204,404
2020	$1,158,353	$1,079,825	$398,015	$78,528
2019	$1,272,045	$1,269,178	$467,463	$2,867
2018	$1,473,950	$1,342,379	$451,155	$131,571