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
🔒

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
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.

Program Service Accomplishments

Program 1
Expenses: $7,078,437 Revenue: $5,445,529

THEATER PRODUCTIONS: MAINSTAGE IS FST'S FLAGSHIP PROGRAM, PRODUCING THE BEST CONTEMPORARY AMERICAN THEATER BY PRESENTING PLAYS THAT SPEAK TO A LIVING, EVOLVING, DYNAMICALLY CHANGING WORLD. STAGE III...

Read more

THEATER PRODUCTIONS: MAINSTAGE IS FST'S FLAGSHIP PROGRAM, PRODUCING THE BEST CONTEMPORARY AMERICAN THEATER BY PRESENTING PLAYS THAT SPEAK TO A LIVING, EVOLVING, DYNAMICALLY CHANGING WORLD. STAGE III IS DEDICATED TO THE PRESENTATION OF SOCIALLY SIGNIFICATN PRODUCTIONS, STIMULATING AUDIENCES BY PRESENTING CHALLENGING CONTENT TO AUDIENCES WHO MIGHT NOT OTHERWISE PARTICIPATE IN THEATRICAL EVENTS. IN ACCORDANCE WITH ITS MISSION POINT "TO MAKE THEATRE AFFORDABLE AND ACCESSIBLE TO AS MANY PEOPLE AS POSSIBLE," FST STAUNCHLY BELIEVES THAT THEATRE SHOULD NOT BE A PRIVILEGE OF THE FEW, BUT SHOULD BENEFIT EVERYONE. FST IS ABLE TO MAINTAIN REASONABLE TICKET PRICES; THE AVERAGE AMOUNT THAT A PERSON WILL PAY FOR A 4-PLAY SUBSCRIPTION TO THE MAINSTAGE SERIES IS $89, OR $22.25 PER SHOW.

Program 2
Expenses: $1,495,344 Revenue: $1,682,586

CABARET CONCESSIONS: FST CABARET WAS ESTABLISHED TO DEVELOP NEW AUDIENCES WHO MIGHT NOT OTHERWISE PARTICIPATE IN THEATRICAL EVENTS. OFFERING RESTAURANT AND BEVERAGE SERVICE, THE CABARET PROVIDES A...

Read more

CABARET CONCESSIONS: FST CABARET WAS ESTABLISHED TO DEVELOP NEW AUDIENCES WHO MIGHT NOT OTHERWISE PARTICIPATE IN THEATRICAL EVENTS. OFFERING RESTAURANT AND BEVERAGE SERVICE, THE CABARET PROVIDES A RELAXED, INVITING ATMOSPHERE FOR PEOPLE WHO ARE NEW TO THE PERFORMING ARTS. ITS WARM, WELCOMING SPACE REDUCES SOCIAL BARRIERS TO THEATRE AND ENCOURAGES COMMUNICATION AND INTIMACY.

Program 3
Expenses: $566,860 Revenue: $180,606

EDUCATION AND TOURING: THE WRITE A PLAY TOURING PROGRAM IMPACTS STUDENTS IN GRADES K-12, WITH A SPECIAL EMPHASIS ON UNDERSERVED YOUTH THROUGHOUT FLORIDA. DURING THE COURSE OF A SCHOOL YEAR, FST'S...

Read more

EDUCATION AND TOURING: THE WRITE A PLAY TOURING PROGRAM IMPACTS STUDENTS IN GRADES K-12, WITH A SPECIAL EMPHASIS ON UNDERSERVED YOUTH THROUGHOUT FLORIDA. DURING THE COURSE OF A SCHOOL YEAR, FST'S TOURS INSPIRE 47,000 CHILDREN AND TEENS TO WRITE THEIR OWN ORIGINAL PLAYS THROUGH THE WRITE A PLAY ARTS IN EDUCATION INITIATIVE EACH YEAR. FST'S EDUCATION PROGRAM OFFERS CHILDREN AND ADULTS A WEALTH OF OPPORTUNITIES TO DISCOVER THEIR CREATIVITY. CLASSES ARE OFFERED EACH WEEK TO STUDENTS AGED 5-95 IN THEATRE, DANCE AND MUSIC. ACCESSIBILITY IS ENSURED THROUGH PROGRAMMING FOR FINANCIALLY DISADVANTAGED, PHYSICALLY AND MENTALLY CHALLENGED YOUTH AND ADULSTS. FST'S "CHILDREN'S SCHOLARSHIP PROGRAM" PROVIDES ABOUT 15% OF YOUTH WITH FULL OR PARTIAL TUITION WAIVERS, AND ADULT WORK/SCHOLARSHIPS IN WHICH PRICES ARE REDUCED IN EXCHANGE FOR VOLUNTEER HOURS WITH THE THEATRE, AND ARE AVAILABLE TO THOSE WITH A NEED.

🔒

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 (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
🔒

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
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
2025 No data No data No data No data
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
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FLORIDA STUDIO THEATRE INC with other nonprofits in Florida and across the country.