UNIVERSITY OF SOUTH FLORIDA INSTITUTE OF APPLIED ENGINEERING (EIN 831012625) - 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

2018

Legal Domicile

Principal Officer

DR DARREN SCHUMACHER

Phone

8139746557

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY OF SOUTH FLORIDA INSTITUTE OF APPLIED ENGINEERING, founded in 2018, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.0M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $11.4M left a modest 12% surplus.

Mission

ADVANCING NATIONAL SECURITY AND SOLVING DUAL-USE INTERDISCIPLINARY PROBLEMS BY LEVERAGING CUTTING EDGE TECHNOLOGY, ENGINEERING, AND SCIENTIFIC EXPERTISE.

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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 $110,539

Program Service Revenue $12,759,633

Investment Income $75,432

Other Revenue $7,045

TOTAL REVENUE $12,952,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,739,454

Fundraising Expenses $0

Program Expenses $6,054,078

Other Expenses $6,650,959

TOTAL EXPENSES $11,390,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,952,649	$11,282,404	+0.1%
Expenses	$11,390,413	$11,035,353	+0.0%
Net Income	$1,562,236	$247,051	+5.3%

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

$1,362,164

Total Directors

$945,191

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH F MCKENZIE	DIRECTOR & CHAIR	0.30	Director	$0	$0	$575,000
STEPHEN MITCHELL	DIRECTOR & VICE CHAIR	0.20	Director	$0	$0	$0
RONALD BARTON	DIRECTOR	0.10	Director	$0	$0	$0
MARK CLIFTON	DIRECTOR	0.10	Director	$0	$0	$0
GORDON GILLETTE	DIRECTOR	0.60	Director	$0	$0	$0
MARK HOUSE	DIRECTOR	0.10	Director	$0	$0	$0
SYLVIA THOMAS	DIRECTOR	0.20	Director	$0	$39,190	$370,191
DENNIS CRALL	DIRECTOR	0.10	Director	$0	$0	$0
JIM SMITH	DIRECTOR	0.10	Director	$0	$0	$0
DR DARREN SCHUMACHER	PRESIDENT/CEO	20.00	Officer	$0	$42,362	$567,362
TAYLOR JOHNSTON	CHIEF OPERATING OFFICER	40.00	Officer	$0	$15,575	$202,710
MICHAEL ANDREWS	SECRETARY	40.00	Officer	$0	$33,229	$192,640
SCOTT DALZIEL UNTIL 042025	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$28,430	$191,676
TONY LATTANZE	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$0	$19,130	$207,776
SAMMUEL HERBERT	ENGINEER	40.00	Highest	$0	$36,181	$227,277

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	$12,952,649	$11,390,413	$10,888,270	$1,562,236
2024	$11,282,404	$11,035,353	$8,621,486	$247,051
2023	$14,243,807	$13,692,530	$5,328,854	$551,277
2022	$9,587,469	$9,505,422	$5,205,656	$82,047
2021	$6,706,219	$6,297,071	$2,782,328	$409,148
2020	$1,806,322	$1,749,330	$599,935	$56,992

UNIVERSITY OF SOUTH FLORIDA INSTITUTE OF APPLIED ENGINEERING