Hermitage Artist Retreat Inc

EIN: 300104608 501(c)(3) Arts, Culture & Humanities

Englewood, FL

Total Revenue
$2,126,173
Total Expenses
$2,414,343
Total Assets
$3,606,033
Net Assets
$3,490,961
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Phone
9414752098
Tax Period
2024-07-01 to 2025-06-30

Hermitage Artist Retreat Inc, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

To inspire and foster the most influential and culturally consequential art and artists of our time; to nurture creativity, preserve a Florida historic site, protect native ecology and serve our community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,040,400
Program Service Revenue $14,085
Investment Income $162,335
Other Revenue $-90,647
TOTAL REVENUE $2,126,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,059,991
Fundraising Expenses $9,111
Program Expenses $1,827,756
Other Expenses $1,354,352
TOTAL EXPENSES $2,414,343

Year-over-Year Comparison

2024 2023 Change
Revenue $2,126,173 $2,135,021 0.0%
Expenses $2,414,343 $1,877,558 +0.3%
Net Income $-288,170 $257,463 -2.1%
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

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Governance

Voting Members
20
Independent Members
20
Employees
15
Volunteers
50

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
1
$358,644
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alice Court Trustee 2.0
Director
$0 $0 $0
Carole Crosby President 2.0
Director
$0 $0 $0
Christine Boone Trustee 2.0
Director
$0 $0 $0
David B Green Vice President 2.0
Director
$0 $0 $0
Doug Wright Trustee 2.0
Director
$0 $0 $0
Edward Swan Jr Trustee 2.0
Director
$0 $0 $0
Ellen Berman Trustee 2.0
Director
$0 $0 $0
Leslie Edwards Trustee 2.0
Director
$0 $0 $0
Liz Richardson Trustee 2.0
Director
$0 $0 $0
Marletta Darnall Trustee 2.0
Director
$0 $0 $0
Mary Lou Winnick Trustee 2.0
Director
$0 $0 $0
Maryann Casey Trustee 2.0
Director
$0 $0 $0
Peter Offringa Trustee 2.0
Director
$0 $0 $0
Robyn Citrin Trustee 2.0
Director
$0 $0 $0
Sondra Biller Secretary 2.0
Director
$0 $0 $0
Stephanie Jones Trustee 2.0
Director
$0 $0 $0
Steven Adler Treasurer 2.0
Director
$0 $0 $0
Terry Brackett Trustee 2.0
Director
$0 $0 $0
Timothy Flood Trustee 2.0
Director
$0 $0 $0
Tina SHAO Napoli Trustee 2.0
Director
$0 $0 $0
Andy Sandberg Artistic Director/CEO 40.0
Officer
$342,902 $15,742 $358,644
Amy Wallace Development Director 40.0
Highest
$114,069 $11,819 $125,888
James Monaghan Programs Manager 40.0
Highest
$104,598 $8,468 $113,066
Stacia King Managing Director 40.0
Highest
$120,545 $11,887 $132,432
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 $2,126,173 $2,414,343 $3,606,033 $-288,170
2024 $2,135,021 $1,877,558 $3,840,183 $257,463
2023 $1,944,787 $1,714,332 $3,526,696 $230,455
2022 $1,927,975 $1,394,261 $3,268,203 $533,714
2021 $1,786,727 $889,457 $2,853,768 $897,270
2020 $982,762 $693,377 $1,975,470 $289,385
2019 $534,650 $576,145 $1,543,326 $-41,495
2018 $653,885 $612,670 $1,559,871 $41,215
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