FLORIDA THEATRICAL ASSOCIATION INC (EIN 311275462) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

LARRY WATCHORN

Phone

4078414675

Tax Period

2023-07-01 to 2024-06-30

FLORIDA THEATRICAL ASSOCIATION INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.6M left a modest 6% surplus.

Mission

TO PROMOTE THEATRE IN THE STATE OF FLORIDA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $298,392

Program Service Revenue $1,446,131

Investment Income $3,905

Other Revenue $-66,671

TOTAL REVENUE $1,681,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,150

Fundraising Expenses $0

Program Expenses $1,329,196

Other Expenses $1,181,211

TOTAL EXPENSES $1,581,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,681,757	$1,807,421	-0.1%
Expenses	$1,581,361	$1,161,465	+0.4%
Net Income	$100,396	$645,956	-0.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$109,250

Total Directors

$109,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY WATCHORN	EXECUTIVE DI	40.00	Officer Director	$109,250	$0	$109,250
JULIA VALENT	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL GOODMAN	DIRECTOR	N/A	Director	$0	$0	$0
FRANK BOLANOS	CHAIR	N/A	Officer Director	$0	$0	$0
DR MARY PALMER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
ANDREW J CALIENES	TREASURER	N/A	Director	$0	$0	$0
DEBRA WEISS GOODSTONE	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE HOCH	DIRECTOR	N/A	Director	$0	$0	$0
RHODA LEVITT	SECRETARY	N/A	Officer Director	$0	$0	$0
WILLIAM A ROBINSON PHD	DIRECTOR	N/A	Director	$0	$0	$0
H BRYANT SIMS	DIRECTOR	N/A	Director	$0	$0	$0
JOYCE ARBUCIAS	DIRECTOR	N/A	Director	$0	$0	$0
JOAN JAVITZ ZEEMAN	DIRECTOR	N/A	Director	$0	$0	$0
DR JEFFERY REDDING	DIRECTOR	N/A	Director	$0	$0	$0
CRISTINA PLA-GUZMAN	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$1,681,757	$1,581,361	$4,808,320	$100,396
2023	$1,807,421	$1,161,465	$4,684,368	$645,956
2022	$2,263,159	$1,491,303	$4,018,430	$771,856
2021	$235,549	$577,293	$4,930,445	$-341,744
2021	$235,549	$606,752	$4,883,207	$-371,203
2020	$1,044,471	$911,531	$5,239,605	$132,940
2019	$1,810,086	$948,162	$5,069,574	$861,924
2018	$1,153,190	$825,500	$4,206,653	$327,690

FLORIDA THEATRICAL ASSOCIATION INC