THE SARASOTA CUBAN BALLET SCHOOL INC

EIN: 455074780 501(c)(3) Arts, Culture & Humanities

SARASOTA, FL

Total Revenue
$756,166
Total Expenses
$850,206
Total Assets
$899,931
Net Assets
$141,597
🔒

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
2011
Legal Domicile
FL
Principal Officer
WILMIAN HERNANDEZ
Phone
9413658400
Tax Period
2024-08-01 to 2025-07-31

THE SARASOTA CUBAN BALLET SCHOOL INC, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $756K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $850K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE SARASOTA CUBAN BALLET IS TO CELEBRATE AND SUSTAIN THE CULTURAL LEGACY OF THE CUBAN BALLET TRADITION, SHARING ITS UNIQUENESS THROUGH PERFORMANCE, EDUCATION, AND COMMUNITY OUTREACH.

Program Service Accomplishments

Program 1

THE SARASOTA CUBAN BALLET STUDIO COMPANY THAT STRIVES TO DEVELOP STRONG AND CONFIDENT DANCERS, GIVING THEM THE OPPORTUNITY TO EXPAND THEIR ARTISTIC DEVELOPMENT AND PERFORMANCE EXPERIENCE. THE STUDIO...

Read more

THE SARASOTA CUBAN BALLET STUDIO COMPANY THAT STRIVES TO DEVELOP STRONG AND CONFIDENT DANCERS, GIVING THEM THE OPPORTUNITY TO EXPAND THEIR ARTISTIC DEVELOPMENT AND PERFORMANCE EXPERIENCE. THE STUDIO COMPANY PROVIDES AN IMPORTANT BRIDGE FROM STUDENT TRAINING TO A PROFESSIONAL DANCE CAREER AND AS A PROFESSIONAL DANCE COMPANY, IT IS THE NEXT LEVEL UP IN PRE-PROFESSIONAL TRAINING. [THE GULFCOAST STUDIO COMPANY WAS RENAMED THE SARASOTA CUBAN BALLET STUDIO COMPANY IN OCT 2025]

Program 2
Expenses: $465,078 Revenue: $363,958

A FULL ARRAY OF DANCE CLASSES INCLUDING CREATIVE MOVEMENT FOR VERY YOUNG CHILDREN, BALLET FOR CHILDREN AGES SIX AND ABOVE, AND A PRE-PROFESSIONAL PROGRAM, PREPARING FOR OUR MOST SKILLED STUDENTS FOR...

Read more

A FULL ARRAY OF DANCE CLASSES INCLUDING CREATIVE MOVEMENT FOR VERY YOUNG CHILDREN, BALLET FOR CHILDREN AGES SIX AND ABOVE, AND A PRE-PROFESSIONAL PROGRAM, PREPARING FOR OUR MOST SKILLED STUDENTS FOR A CAREER IN BALLET.

Program 3
Expenses: $26,965 Revenue: $86,024

A SUMMER INTENSIVE PROGRAM THAT BRINGS TOGETHER YOUNG PEOPLE FROM ALL OVER THE WORLD WHO HAVE THE TALENT AND DRIVE TO BECOME PROFESSIONAL DANCERS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $258,454
Program Service Revenue $449,982
Investment Income $1,210
Other Revenue $46,520
TOTAL REVENUE $756,166

Expense Breakdown

Grants Paid $14,160
Salaries & Benefits $447,539
Fundraising Expenses $98,705
Program Expenses $492,043
Other Expenses $388,507
TOTAL EXPENSES $850,206

Year-over-Year Comparison

2024 2023 Change
Revenue $756,166 $932,018 -0.2%
Expenses $850,206 $1,080,346 -0.2%
Net Income $-94,040 $-148,328 -0.4%
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
8
Independent Members
8
Employees
9
Volunteers
10

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
6
$115,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SHELTON CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL MARRACCINI VICE-CHAIR 1.00
Officer Director
$0 $0 $0
PETER KRETZMER TREASURER 2.00
Officer Director
$0 $0 $0
SUSAN ROMINE SECRETARY 1.00
Officer Director
$0 $0 $0
TERRY ROMINE BOARD MEMBER 1.00
Director
$0 $0 $0
XOCHITL NAPOLES BOARD MEMBER 1.00
Director
$0 $0 $0
MARY ANNE SERVIAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SIMON BOARD MEMBER 1.00
Director
$0 $0 $0
WILMIAN HERNANDEZ MANAGING DIRECTOR 40.00
Officer
$57,500 $0 $57,500
ARIEL SERRANO ARTISTIC DIRECTOR 40.00
Officer
$57,500 $0 $57,500
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 $756,166 $850,206 $899,931 $-94,040
2024 $932,018 $1,080,346 $1,091,379 $-148,328
2023 $1,005,495 $931,388 $1,329,199 $74,107
2022 $925,973 $728,555 $335,930 $197,418
2021 $575,803 $500,835 $175,137 $74,968
2020 $549,937 $562,247 $80,816 $-12,310
2018 $686,614 $670,101 $139,687 $16,513
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE SARASOTA CUBAN BALLET SCHOOL INC with other nonprofits in Florida and across the country.