ART CENTER SARASOTA INC (EIN 590706844) - 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

1941

Legal Domicile

Principal Officer

KATHERINE CEASER

Phone

9413652032

Tax Period

2023-10-01 to 2024-09-30

ART CENTER SARASOTA INC, founded in 1941, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE SARASOTA WITH OPPORTUNITIES FOR CREATIVE EXPRESSION AND ART APPRECIATION THROUGH ART EDUCATION, EXHIBITIONS AND CULTURAL PROGRAMS.

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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 $753,737

Program Service Revenue $295,866

Investment Income $9,128

Other Revenue $47,723

TOTAL REVENUE $1,106,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,717

Fundraising Expenses $87,346

Program Expenses $913,635

Other Expenses $629,986

TOTAL EXPENSES $1,191,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,106,454	$860,227	+0.3%
Expenses	$1,191,703	$818,078	+0.5%
Net Income	$-85,249	$42,149	-3.0%

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

269

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KINSEY ROBB	EXECUTIVE DI	N/A		$137,825	$0	$137,825
BARBARA BANKS	TREASURER	4.00	Director	$0	$0	$0
BRENDA GRIFFITHS	VICE CHAIR	4.00	Director	$0	$0	$0
ELLEN SEIDENSTICKER	SECRETARY	4.00	Officer Director	$0	$0	$0
MARY DAVIS WALLACE	CHAIR	5.00	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	$1,106,454	$1,191,703	$1,259,366	$-85,249
2023	$860,227	$818,078	$1,525,602	$42,149
2022	$981,538	$646,395	$1,600,419	$335,143
2021	$453,164	$439,104	$1,395,376	$14,060
2020	$476,858	$477,976	$1,582,051	$-1,118
2019	$652,276	$632,076	$1,709,184	$20,200
2018	$601,132	$633,233	$1,767,541	$-32,101

ART CENTER SARASOTA INC