FLORIDA STUDIO THEATRE INC

EIN: 237362760 501(c)(3) Arts, Culture & Humanities

SARASOTA, FL

Total Revenue
$18,485,457
Total Expenses
$10,838,842
Total Assets
$65,875,994
Net Assets
$61,424,939
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
FL
Principal Officer
REBECCA HOPKINS
Phone
9413087595
Tax Period
2023-10-01 to 2024-09-30

FLORIDA STUDIO THEATRE INC, founded in 1974, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.5M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.6M, a strong 41% operating margin.

Mission

FLORIDA STUDIO THEATRE HOLDS THE FOLLOWING MISSION: TO MAKE THEATRE AFFORDABLE AND ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE; TO PRESENT THEATRE THAT CHALLENGES WITH AS MUCH GUSTO AS IT ENTERTAINS; TO CREATE A PUBLIC FORUM FOR THE ISSUES OF OUR DAY THAT WILL FOSTER POSITIVE CHANGE IN OUR COMMUNITY AND BEYOND; TO OPERATE WITHIN AND FOR THE PUBLIC TRUST.

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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 $10,576,687
Program Service Revenue $7,308,721
Investment Income $391,993
Other Revenue $208,056
TOTAL REVENUE $18,485,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,370,507
Fundraising Expenses $534,869
Program Expenses $9,140,641
Other Expenses $5,468,335
TOTAL EXPENSES $10,838,842

Year-over-Year Comparison

2023 2022 Change
Revenue $18,485,457 $12,521,529 +0.5%
Expenses $10,838,842 $10,959,913 0.0%
Net Income $7,646,615 $1,561,616 +3.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
319
Volunteers
314

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
$437,297
Total Directors
11
$229,903
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS MCGILLICUDDY PRESIDENT 2.00
Officer Director
$0 $0 $0
RICHARD HOPKINS VICE PRESIDENT 40.00
Officer Director
$140,001 $89,902 $229,903
PATRICIA COURTOIS SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
GAELE BARTHOLD TRUSTEE 2.00
Director
$0 $0 $0
NEIL COMBER TRUSTEE 2.00
Director
$0 $0 $0
GEORGIA COURT TRUSTEE 2.00
Director
$0 $0 $0
EUAN FANNELL TRUSTEE 2.00
Director
$0 $0 $0
CHERYL GORELICK TRUSTEE 2.00
Director
$0 $0 $0
ROBERT ISRAELOFF TRUSTEE 2.00
Director
$0 $0 $0
CHARLES WILLIAMS TRUSTEE 2.00
Director
$0 $0 $0
DOUG HOLDER TRUSTEE 2.00
Director
$0 $0 $0
REBECCA HOPKINS COO 40.00
Officer
$140,001 $67,393 $207,394
SEAN DANIELS ASSOCIATE DIRECTOR 40.00
Highest
$118,409 $4,238 $122,647
JAY LOCKABY MAJOR GIFTS OFFICER 40.00
Highest
$101,989 $3,215 $105,204
JILL ZAKRZEWSKI GENERAL MANAGER 40.00
Highest
$109,749 $4,238 $113,987
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 $18,485,457 $10,838,842 $65,875,994 $7,646,615
2023 $12,521,529 $10,959,913 $53,951,408 $1,561,616
2022 $17,095,702 $9,411,957 $50,410,553 $7,683,745
2021 $12,484,936 $5,279,663 $46,629,202 $7,205,273
2020 $9,853,127 $6,908,636 $37,267,894 $2,944,491
2019 $14,161,967 $8,318,901 $33,615,094 $5,843,066
2018 $10,901,940 $7,516,099 $27,147,873 $3,385,841
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