FLORIDA ARTS INC (EIN 311536036) - 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

1997

Legal Domicile

Principal Officer

DEVON MORREALE PARKER

Phone

2393331933

Tax Period

2023-09-01 to 2024-08-31

FLORIDA ARTS INC, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Net assets of $4.5M represent 32 months of operating reserves.

Mission

FOR ORGANIZATION'S MISSION STATEMENTOUR MISSION IS TO NURTURE INNOVATION AND EXCELLENCE IN THE VISUAL AND PERFORMING ARTS VIA EXHIBITIONS, PERFORMANCES, EDUCATION, AND COMMUNITY OUTREACH. THROUGH OUR DEVELOPMENT AND MANAGEMENT OF THE SIDNEY AND BERNE DAVIS ART CENTER, WE CARRY ON THE LEGACY OF BERNE DAVIS AND HER MISSION TO PROVIDE A WORLD-CLASS VENUE AND OPEN ACCESS TO THE ARTS FOR ALL MEMBERS OF THE SOUTHWEST FLORIDA 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $397,917

Program Service Revenue $1,165,832

Investment Income $80,493

Other Revenue $703

TOTAL REVENUE $1,644,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,158

Fundraising Expenses $76,678

Program Expenses $1,523,143

Other Expenses $1,108,154

TOTAL EXPENSES $1,742,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,644,945	$1,730,499	0.0%
Expenses	$1,742,312	$1,575,956	+0.1%
Net Income	$-97,367	$154,543	-1.6%

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

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

$94,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA BREMNER	DIRECTOR	1.00	Director	$0	$0	$0
BILL MATTINGLY CPA	TREASURER	1.00	Officer Director	$0	$0	$0
DARRYL FREY	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS LANDFRIED	DIRECTOR	1.00	Director	$0	$0	$0
DONALD GROSS	DIRECTOR	1.00	Director	$0	$0	$0
FRIEDRICH N JAEGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KAKATSCH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN TALMAGE	DIRECTOR	1.00	Director	$0	$0	$0
LORY RODRIGUEZ	CHAIR	1.00	Officer Director	$0	$0	$0
MARSHALL BOWER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN PULNER	DIRECTOR	1.00	Director	$0	$0	$0
MARY VOYTEK	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY MAGGIANO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA TEMPLETON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL HENDERSON JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROWAN T CONNELLY	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT ATWOOD ESQ	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN E HOOPER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GRIFFITH	CEO/PRESIDENT	40.00	Officer	$94,449	$0	$94,449

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	$1,644,945	$1,742,312	$4,963,704	$-97,367
2023	$1,730,499	$1,575,956	$5,142,064	$154,543
2022	$1,403,943	$1,478,641	$5,178,261	$-74,698
2021	$1,311,050	$1,047,998	$5,413,835	$263,052
2020	$826,241	$872,582	$4,693,196	$-46,341
2019	$1,382,410	$987,060	$4,638,548	$395,350
2018	$1,092,711	$886,958	$4,036,667	$205,753

FLORIDA ARTS INC