FRIENDS OF CARROLLWOOD CULTURAL CENTER INC

EIN: 300224777 501(c)(3) Recreation & Sports

TAMPA, FL

Total Revenue
$1,005,676
Total Expenses
$1,017,037
Total Assets
$46,073
Net Assets
$19,681
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
WILLIAM DEMARE
Phone
8132691310
Tax Period
2023-10-01 to 2024-09-30

FRIENDS OF CARROLLWOOD CULTURAL CENTER INC, founded in 2002, is a community nonprofit in the Recreation & Sports sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

THE MISSION OF THE CARROLLWOOD CULTURAL CENTER IS TO CREATE CULTURE THROUGH COMMUNITY AND COMMUNITY THROUGH CULTURE.

Program Service Accomplishments

Program 1
Revenue: $475,295

THE CARROLLWOOD CULTURAL CENTERS OFFERS AND PROMOTES SEVERAL CLASSES INCLUDING ART, CERAMICS, LANGUAGE, MUSIC, THEATRE AND WOODCARVING.

Program 2

THE CARROLLWOOD CULTURAL CENTER HOSTS LOCAL TALENTS FROM VISUAL ARTISTS, INSTRUMENTALISTS, SINGERS, DANCERS AND THEATRE GROUPS.

Program 3

THE CENTER OFFERS SUMMER CAMPS AND OTHER PROGRAM ACTIVITIES INVOLVING MUSIC, THEATRE, VISUAL ART, AND DANCE/MOVEMENT.

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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 $525,708
Program Service Revenue $475,295
Investment Income $1,946
Other Revenue $2,727
TOTAL REVENUE $1,005,676

Expense Breakdown

Grants Paid $0
Salaries & Benefits $557,285
Fundraising Expenses $59,875
Program Expenses $757,682
Other Expenses $459,752
TOTAL EXPENSES $1,017,037

Year-over-Year Comparison

2023 2022 Change
Revenue $1,005,676 $1,086,145 -0.1%
Expenses $1,017,037 $1,073,927 -0.1%
Net Income $-11,361 $12,218 -1.9%
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

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
8
Independent Members
8
Employees
13
Volunteers
45

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN BAXTER-GIBSON VICE PRESIDE 20.00
Officer Director
$0 $0 $0
EVELYN BLESS DIRECTOR 15.00
Director
$0 $0 $0
WILLIAM DEMARE PRESIDENT 20.00
Officer Director
$0 $0 $0
JENIFER MIRIN DIRECTOR 15.00
Director
$0 $0 $0
ALAN PRESTON TREASURER 20.00
Officer Director
$0 $0 $0
CRAIG RUSKA SECRETARY 20.00
Officer Director
$0 $0 $0
NEIL SMITH DIRECTOR 15.00
Director
$0 $0 $0
GIGI YUEN-REED DIRECTOR 15.00
Director
$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
2024 $1,005,676 $1,017,037 $46,073 $-11,361
2023 $1,086,145 $1,073,927 $99,352 $12,218
2022 $998,023 $959,603 $60,385 $38,420
2021 $802,379 $774,432 $7,203 $27,947
2020 $755,129 $798,598 $7,493 $-43,469
2019 $938,593 $942,898 $11,017 $-4,305
2018 $869,800 $851,672 $43,428 $18,128
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