TAMPA, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE INSTITUTE OF APPLIED ENGINEERING (IAE) IS A TYPE I SUPPORTING ORGANIZATION OF THE UNIVERSITY OF SOUTH FLORIDA AND IT SERVES THE INTERESTS OF THE AMERICAN WARFIGHTER ACROSS DIVERSE SETTINGS, ENCOMPASSING THE BATTLEFIELD, GARRISON, AND HOME ENVIRONMENTS. FROM ITS INCEPTION, THE IAE WAS STRATEGICALLY FORMULATED TO ADDRESS GAPS WITHIN THE MILITARY, ALIGNING ITS MISSION WITH THE GOAL OF ENHANCING THE WELL-BEING AND CAPABILITIES OF THE NATION'S DEFENSE PERSONNEL.
SUPPORT AND BENEFIT THE UNIVERSITY OF SOUTH FLORIDA INCLUDING THE USF COLLEGE OF ENGINEERNG BY PROVIDING APPLIED ENGINEERING SOLUTIONS TO THE UNITED STATES FEDERAL GOVERNMENT AS WELL AS OTHER STATE...
SUPPORT AND BENEFIT THE UNIVERSITY OF SOUTH FLORIDA INCLUDING THE USF COLLEGE OF ENGINEERNG BY PROVIDING APPLIED ENGINEERING SOLUTIONS TO THE UNITED STATES FEDERAL GOVERNMENT AS WELL AS OTHER STATE, COUNTY, AND MUNICIPAL GOVERNMENTS AND INDUSTRIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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