THE PLAYERS INC

EIN: 590711182 501(c)(3) Arts, Culture & Humanities

SARASOTA, FL

Total Revenue
$985,327
Total Expenses
$2,234,369
Total Assets
$6,388,208
Net Assets
$5,624,470
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Principal Officer
WILLIAM SKAGGS
Phone
9413652494
Tax Period
2023-09-01 to 2024-08-31

THE PLAYERS INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $985K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $2.2M exceeded revenue, resulting in a 127% operating deficit.

Mission

THE PLAYERS THEATRE'S MISSION IS TO ENTERTAIN, EDUCATE, AND ENGAGE THE COMMUNITY IN HIGH QUALITY LIVE THEATRE.

Program Service Accomplishments

Program 1
Expenses: $1,013,465 Revenue: $560,639

SARASOTA'S FIRST AND OLDEST PERFORMING ARTS ORGANIZATION, SECOND OLDEST IN THE STATE OF FLORIDA, BEGAN IN 1930, IN THE MIDST OF THE GREAT DEPRESSION, WITH A SEASON OF ONE-ACT PLAYS. TWO HUNDRED AND...

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SARASOTA'S FIRST AND OLDEST PERFORMING ARTS ORGANIZATION, SECOND OLDEST IN THE STATE OF FLORIDA, BEGAN IN 1930, IN THE MIDST OF THE GREAT DEPRESSION, WITH A SEASON OF ONE-ACT PLAYS. TWO HUNDRED AND EIGHTY-ONE MEMBERS/PATRONS EACH PAID A TWO-DOLLAR SUBSCRIPTION FEE FOR THE SERIES.THE PLAYERS FIRST PERMANENT HOME WAS BUILT OF NATIVE PECKY CYPRESS IN 1936. THE ORIGINAL THEATRE SEATED TWO HUNDRED FORTY SIX AND COST JUST OVER $9,000. THE PECKY CYPRESS BUILDING WAS TORN DOWN TO MAKE ROOM FOR THE NEXT THEATRE ON NORTH TAMIAMI TRAIL, WHICH OPENED IN JANUARY 1974, SEATING FOUR HUNDRED NINETY SEVEN. THAT FACILITY WAS SOLD IN 2018 AND VACATED IN OCTOBER 2020 AT THE HEIGHT OF CLOSURES RELATED TO THE COVID-19 PANDEMIC. THE PLAYERS PERFORMED IN VARIOUS INDOOR AND OUTDOOR VENUES UNTIL OPENING AN INDOOR VENUE OF ITS OWN AGAIN IN DECEMBER 2021 AT 3501 S. TAMIAMI TRAIL IN THE CROSSINGS AT SIESTA KEY.THE PLAYERS THEATRE HAS ACHIEVED A REPUTATION FOR QUALITY PRODUCTIONS AND FOR CREATING PROGRAMMING THAT ENTERTAINS, EDUCATES, AND ENLIGHTENS. THE THEATRE SERVES A DIVERSE AUDIENCE WITH MEMORABLE AND MEANINGFUL YEAR-ROUND PERFORMING ARTS THAT INCLUDES THE BROADWAY THEATRE SERIES, THE SNAP (SOMETHING NEW AT PLAYERS) SERIES, THE SUMMER SIZZLER SERIES, THE PLAYERS PLAYWRITING FESTIVAL, CONCERTS, AND COMMUNITY PARTNERSHIPS.THE PLAYERS STRIVES TO ACHIEVE THE HIGHEST POSSIBLE ARTISTIC QUALITY IN THE CONTEXT OF A VOLUNTEER BASED THEATRE. ARTISTIC LEADERSHIP FROM SOME OF THE AREA'S BEST PROFESSIONAL DIRECTORS, MUSIC DIRECTORS, CHOREOGRAPHERS, SET, LIGHTING AND COSTUME DESIGNERS, CREATE AN ENVIRONMENT THAT CHALLENGES EVERYONE TO ACHIEVE HIGH ARTISTIC STANDARDS.THE PLAYERS MAINTAINS AFFORDABLE TICKET PRICES, FROM $5 TO $35, ENSURING THE EXPERIENCE OF LIVE THEATRE IS AVAILABLE TO AS MANY PEOPLE AS POSSIBLE. THE PLAYERS ALSO PROVIDES OVER THIRTY-FIVE HUNDRED COMPLIMENTARY TICKETS TO LOCAL COMMUNITY SERVICE AGENCIES EACH YEAR THROUGH ITS CHARITY PREVIEW PERFORMANCE PROGRAM.

Program 2
Expenses: $135,257 Revenue: $159,127

THE PLAYERS PERFORMING ARTS STUDIO OPENED IN 1995 AND IS THE EDUCATIONAL ARM OF THE PLAYERS THEATRE. IT IS A REPUTABLE PERFORMING ARTS STUDIO AND VITAL FEEDER TO THE PLAYERS THEATRE FOR ACTORS. THE...

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THE PLAYERS PERFORMING ARTS STUDIO OPENED IN 1995 AND IS THE EDUCATIONAL ARM OF THE PLAYERS THEATRE. IT IS A REPUTABLE PERFORMING ARTS STUDIO AND VITAL FEEDER TO THE PLAYERS THEATRE FOR ACTORS. THE STUDIO OFFERS CLASSES FOR STUDENTS AGE THREE AND OLDER. CLASSES INCLUDE THE STUDY OF ACTING, SINGING AND DANCE. AT THE ADVANCED LEVEL, CROSSOVER SKILLS ARE EMPHASIZED. THERE ARE TWENTY-NINE CLASSES OFFERED EACH WEEK, SPECIALTY WORKSHOPS, AND AN EIGHT-WEEK INTENSIVE SUMMER CAMP FOR CHILDREN AGES SEVEN TO SEVENTEEN. IN ADDITION TO CLASSES, THERE ARE THREE COMMUNITY OUTREACH ELEMENTS OF THE STUDIO: THE PLAYERS KIDS; AND THE SARASOTA PLAYERS FOLLIES, A FIFTY-FIVE AND OLDER TRAVELLING PERFORMING TROUPE. OVER THREE HUNDRED STUDENTS BENEFIT FROM CLASSES AT THE STUDIO ANNUALLY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $269,070
Program Service Revenue $446,387
Investment Income $250,390
Other Revenue $19,480
TOTAL REVENUE $985,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $430,255
Fundraising Expenses $75,714
Program Expenses $1,148,722
Other Expenses $1,804,114
TOTAL EXPENSES $2,234,369

Year-over-Year Comparison

2023 2022 Change
Revenue $985,327 $1,128,926 -0.1%
Expenses $2,234,369 $2,043,082 +0.1%
Net Income $-1,249,042 $-914,156 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
27
Volunteers
200

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
5
$119,948
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL PORTER CHAIRMAN 15.00
Officer Director
$0 $0 $0
BILL RUSLING VICE CHAIR 5.00
Officer Director
$0 $0 $0
DAVID SANDERS TREASURER 5.00
Officer Director
$0 $0 $0
JOEY SCHEERLE BOARD TRUSTEE 2.00
Director
$0 $0 $0
JEFFREY CARLSON SECRETARY 5.00
Officer Director
$0 $0 $0
LEIGH TESAR BOARD TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL TESAR BOARD TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM SKAGGS CEO 40.00
Officer
$94,924 $25,024 $119,948
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 $985,327 $2,234,369 $6,388,208 $-1,249,042
2023 $1,128,926 $2,043,082 $7,721,762 $-914,156
2022 $505,336 $1,673,294 $8,019,574 $-1,167,958
2021 $1,345,988 $1,289,201 $9,345,851 $56,787
2020 $1,281,665 $1,855,633 $9,289,973 $-573,968
2019 $9,910,050 $1,886,270 $9,832,882 $8,023,780
2018 $1,371,070 $1,508,583 $2,119,699 $-137,513
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