UNIVERSITY OF FORT LAUDERDALE

EIN: 650683159 501(c)(3) Education

FORT LAUDERDALE, FL

Total Revenue
$4,844,690
Total Expenses
$4,679,879
Total Assets
$1,572,900
Net Assets
$849,541
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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
FL
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

TO BE A PREMIER CHRISTIAN INSTITUTION OF HIGHER LEARNING EMPOWERING FUTURE LEADERS.

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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%)

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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

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Governance

Voting Members
4
Independent Members
3
Employees
80
Volunteers
20

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
4
$356,099
Total Directors
4
$98,013
Key Employees
0
$0
Highest Compensated
2
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
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