Sarasota Opera Association Inc

EIN: 237089047 501(c)(3) Arts, Culture & Humanities

Sarasota, FL

Total Revenue
$16,304,896
Total Expenses
$10,554,868
Total Assets
$36,969,853
Net Assets
$28,900,648
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
FL
Phone
9413668450
Tax Period
2024-06-01 to 2025-05-31

Sarasota Opera Association Inc, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $16.3M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.8M, a strong 35% operating margin.

Mission

Sarasota Opera produces impassioned opera performances true to the vision of the composer, to entertain, enrich, educate, and inspire a life-long love of opera in our diverse and growing communities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,640,944
Program Service Revenue $3,617,865
Investment Income $703,610
Other Revenue $342,477
TOTAL REVENUE $16,304,896

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $5,846,626
Fundraising Expenses $760,099
Program Expenses $7,830,337
Other Expenses $4,693,242
TOTAL EXPENSES $10,554,868

Year-over-Year Comparison

2024 2023 Change
Revenue $16,304,896 $8,920,515 +0.8%
Expenses $10,554,868 $9,804,974 +0.1%
Net Income $5,750,028 $-884,459 -7.5%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
30
Independent Members
29
Employees
144
Volunteers
165

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
6
$463,220
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR SICILIANO CHAIR 5.0
Officer Director
$0 $0 $0
KATHERINE BENOIT VICE CHAIR 5.0
Officer Director
$0 $0 $0
RON ARCHBOLD TREASURER 5.0
Officer Director
$0 $0 $0
STEVE SABATO SECRETARY 5.0
Officer Director
$0 $0 $0
Alastair Hunter-Henderson TRUSTEE 2.0
Director
$0 $0 $0
CAROL ENGLISH TRUSTEE 2.0
Director
$0 $0 $0
DAVID CHAIFETZ TRUSTEE 2.0
Director
$0 $0 $0
David L Bialosky TRUSTEE 2.0
Director
$0 $0 $0
DONALD J WORTHINGTON TRUSTEE 2.0
Director
$0 $0 $0
J SUMNER BAGBY TRUSTEE 2.0
Director
$0 $0 $0
JANET STERN SOLOMON TRUSTEE 2.0
Director
$0 $0 $0
JEFF TROIANO TRUSTEE 2.0
Director
$0 $0 $0
JOHN F SUHRE TRUSTEE 2.0
Director
$0 $0 $0
Joseph Mallof TRUSTEE 2.0
Director
$0 $0 $0
MARY J MITCHELL TRUSTEE 2.0
Director
$0 $0 $0
MICHAL WADSWORTH TRUSTEE 2.0
Director
$0 $0 $0
Patricia Dodge TRUSTEE 2.0
Director
$0 $0 $0
PAUL DELAURO TRUSTEE 2.0
Director
$0 $0 $0
RICHARD DEGENNARO TRUSTEE 2.0
Director
$0 $0 $0
ROSANNE MARTORELLA TRUSTEE 2.0
Director
$0 $0 $0
Sue Neumann TRUSTEE 2.0
Director
$0 $0 $0
SUSAN K STRAUS TRUSTEE 2.0
Director
$0 $0 $0
SYBLE DI GIROLAMO TRUSTEE 2.0
Director
$0 $0 $0
Tamara Jacobs TRUSTEE 2.0
Director
$0 $0 $0
Thomas Garden TRUSTEE 2.0
Director
$0 $0 $0
TOBY SIEGEL TRUSTEE 2.0
Director
$0 $0 $0
ULYSSES BRUALDI TRUSTEE 2.0
Director
$0 $0 $0
WILLIAM D TOMPKINS TRUSTEE 2.0
Director
$0 $0 $0
KENNETH TARASI DIRECTOR OF FINANCE 50.0
Officer
$117,070 $10,343 $127,413
RICHARD RUSSELL GENERAL DIRECTOR 50.0
Officer
$325,139 $10,668 $335,807
VICTOR DERENZI TRUSTEE 35.0
Highest
$0 $0 $0
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 $16,304,896 $10,554,868 $36,969,853 $5,750,028
2024 $8,920,515 $9,804,974 $30,963,445 $-884,459
2023 $7,635,719 $9,783,004 $28,294,534 $-2,147,285
2022 $10,657,672 $9,110,586 $28,856,599 $1,547,086
2021 $6,481,529 $6,067,843 $28,037,945 $413,686
2020 $8,229,528 $9,515,676 $26,888,920 $-1,286,148
2019 $8,208,524 $9,473,840 $26,510,657 $-1,265,316
2018 $7,441,604 $9,370,889 $27,524,752 $-1,929,285
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Sarasota Opera Association Inc with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.