THE STUDIO 620 INC

EIN: 522398308 501(c)(3)

ST PETERSBURG, FL

Total Revenue
$1,865,005
Total Expenses
$576,085
Total Assets
$1,928,197
Net Assets
$1,360,832
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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
2004
Legal Domicile
FL
Principal Officer
PHIL PRICE
Phone
7275335816
Tax Period
2023-07-01 to 2024-06-30

THE STUDIO 620 INC, founded in 2004, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 397% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 69% operating margin.

Mission

THE MISSION OF THE STUDIO AT 620 INC. IS TO PROVIDE A PLACE WHERE PEOPLE CAN EXPERIENCE ARTISTIC AND EDUCATIONAL PROGRAMS IN INNOVATIVE WAYS. IT IS THE GOAL OF THE ORGINATION TO: 1) BRING PEOPLE FROM DIVERSE CULTURAL BACKGROUNDS AND EXPERIENCES TOGETHER AS ARTISTS, AUDIENCES AND VOLUNTEERS 2) WORK COLLABORATIVELY WITH ARTISTIC, EDUCATIONAL AND CULTURAL ORGANIZATIONS IN AND BEYOND OUR COMMUNITY AND 3) DEVELOP ARTISTIC AND EDUCATIONAL PROGRAMS THAT INTEGRATE A VARIETY OF ART FORMS IN ORDER TO ENCOURAGE NEW CULTURAL EXPENRIENCES BOTH FOR THE AUDIENCE AND THE ARTISTS.

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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 $1,646,594
Program Service Revenue $200,645
Investment Income $12
Other Revenue $17,754
TOTAL REVENUE $1,865,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $222,484
Fundraising Expenses $0
Program Expenses $375,093
Other Expenses $353,601
TOTAL EXPENSES $576,085

Year-over-Year Comparison

2023 2022 Change
Revenue $1,865,005 $375,535 +4.0%
Expenses $576,085 $432,749 +0.3%
Net Income $1,288,920 $-57,214 -23.5%
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
9
Independent Members
9
Employees
3
Volunteers
20

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
3
$138,500
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY CLEMMONS DIRECTOR 0.00
Director
$0 $0 $0
DEXTER FABIAN DIRECTOR 0.00
Director
$0 $0 $0
ROBERT P GLASER DIRECTOR 0.00
Director
$0 $0 $0
DEREK KEYS DIRECTOR 0.00
Director
$0 $0 $0
WILLIAM LORENZ DIRECTOR 0.00
Director
$0 $0 $0
ADAM NOBLE DIRECTOR 0.00
Director
$0 $0 $0
PHIL PRICE BOARD CHAIR 2.00
Officer Director
$0 $0 $0
AMI UTJI DIRECTOR 0.00
Director
$0 $0 $0
LISA WELCH DIRECTOR 0.00
Director
$0 $0 $0
ROBERT DEVIN JONES ARTISTIC DIRECTOR 40.00
Officer
$70,000 $0 $70,000
MARCUS WELBY MANAGING DIRECTOR 40.00
Officer
$68,500 $0 $68,500
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 No data No data No data No data
2024 $1,865,005 $576,085 $1,928,197 $1,288,920
2023 $375,535 $432,749 $60,936 $-57,214
2022 $419,800 $328,151 $108,297 $91,649
2021 $220,547 $183,380 $77,848 $37,167
2020 $266,805 $302,147 $35,042 $-35,342
2019 $390,763 $342,826 $33,424 $47,937
2018 $327,914 $340,245 $16,341 $-12,331
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