FLORIDA ACHIEVEMENT SUPPORT TRUST

EIN: 882588991 501(c)(3) Youth Development

CORAL GABLES, FL

Total Revenue
$7,253,935
Total Expenses
$8,227,470
Total Assets
$1,571,225
Net Assets
$1,459,267
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
JOSE A COSTA III
Phone
7863913519
Tax Period
2023-01-01 to 2023-12-31

FLORIDA ACHIEVEMENT SUPPORT TRUST, founded in 2022, is a community nonprofit in the Youth Development sector that reported $7.3M in total revenue in fiscal year 2023. Revenue surged 139% from the prior year, signaling strong growth momentum. Expenses of $8.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE APPLICANT IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, TESTING FOR PUBLIC SAFETY, LITERARY, OR EDUCATIONAL PURPOSES, OR TO FOSTER NATIONAL OR INTERNATIONAL AMATEUR SPORTS COMPETITION (BUT ONLY IF NO PART OF ITS ACTIVITIES INVOLVE THE PROVISION OF ATHLETIC FACILITIES OR EQUIPMENT), OR FOR THE PREVENTION OF CRUELTY TO CHILDREN OR ANIMALS, ALL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE APPLICANT'S PRIMARY CHARITABLE ACTIVITY WILL INVOLVE PROVIDING THE SERVICES OF ITS EMPLOYEES IN VARIOUS CAPACITIES (INCLUDING FOR EXAMPLE THAT OF MENTORS, STAFF, AND/OR VOLUNTEERS) TO ANY ONE OR MORE EXEMPT ORGANIZATIONS IN AND AROUND THE GAINESVILLE, FLORIDA AREA TO SUPPORT THE CHARITABLE PURPOSES AND ACTIVITIES OF THOSE ORGANIZATIONS. THE APPLICANT'S EMPLOYEES WILL RECEIVE COMPENSATION FOR PROVIDING SUCH SERVICES. IN ADDITION, THE APPLICANT INTENDS TO PROVIDE EDUCATIONAL ACTIVITIES AND PROGRAMS THAT PROMOTE THE FINANCIAL LITERACY OF STUDENTS IN THE GAINESVILLE, FLORIDA AREA (INCLUDING ITS EMPLOYEES), LIKELY IN THE FORM OF A WORKSHOP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,224,232
Program Service Revenue $0
Investment Income $29,703
Other Revenue $0
TOTAL REVENUE $7,253,935

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,939,023
Fundraising Expenses $0
Program Expenses $7,115,339
Other Expenses $1,288,447
TOTAL EXPENSES $8,227,470

Year-over-Year Comparison

2023 2022 Change
Revenue $7,253,935 $3,031,405 +1.4%
Expenses $8,227,470 $598,603 +12.7%
Net Income $-973,535 $2,432,802 -1.4%
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
3
Independent Members
3
Employees
86
Volunteers
25

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
2
$300,000
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSE A COSTA III CHAIRMAN & TRUSTEE 10.00
Director
$0 $0 $0
CARLOS MARTELL TRUSTEE 2.00
Director
$0 $0 $0
CHRISTOPHER BOYETT TRUSTEE 2.00
Director
$0 $0 $0
FELIPE TORRES DE NAVARRA CFO 10.00
Officer
$0 $0 $0
NATHANIEL BARBERA CEO 40.00
Officer
$300,000 $0 $300,000
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
2024 No data No data No data No data
2023 $7,253,935 $8,227,470 $1,571,225 $-973,535
2022 $3,031,405 $598,603 $2,447,802 $2,432,802
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