UNITED WAY OF SOUTH SARASOTA COUNTY INC (EIN 591100846) - 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

1964

Legal Domicile

Phone

9414844811

Tax Period

2023-01-01 to 2023-12-31

UNITED WAY OF SOUTH SARASOTA COUNTY INC, founded in 1964, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

The United Way of South Sarasota County, Inc. (the Organization") is a not-for-profit organization formed under Internal Revenue Code Section 501 ( c ) (3) and is located in Venice, Florida. The United Way has adopted a Modern United Way Model, transitioning away from being a passthrough-only organization to a model that also embraces providing direct services to those in need in the local area of Venice, North Port, Nokomis, Laurel, Englewood, and Osprey, Florida. The Organization is a partner with the Sarasota County Sheriffs Eviction Mitigation taskforce, the Internal Revenue Service Volunteer Tax Assistance Program, and Sarasota County Emergency Service. It is recognized by FEMA and the State of Florida as the Sarasota County Long-Term Recovery Group leader in times of disaster.

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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 $877,505

Program Service Revenue $231,508

Investment Income $102,824

Other Revenue $97,858

TOTAL REVENUE $1,309,695

Expense Breakdown

Grants Paid $226,924

Salaries & Benefits $415,854

Fundraising Expenses $251,246

Program Expenses $1,164,170

Other Expenses $970,718

TOTAL EXPENSES $1,613,496

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,309,695	$814,643	+0.6%
Expenses	$1,613,496	$929,727	+0.7%
Net Income	$-303,801	$-115,084	+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

N/A

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

$112,732

Total Directors

$112,732

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA CRUZ	President & CEO	40.00	Officer Director	$112,732	$0	$112,732
NICOLE CARNEY	Secretary	5.00	Officer Director	$0	$0	$0
SHARMA FERRUGA	Chairman	10.00	Officer Director	$0	$0	$0
Paddy Padmanabhan	Director	0.00	Director	$0	$0	$0
David Waring	Director	0.00	Director	$0	$0	$0
Kim Urbuteit	Director	0.00	Director	$0	$0	$0
Bill Pollock	Director	0.00	Director	$0	$0	$0
Kristen Myers	Director	0.00	Director	$0	$0	$0
Stephanie Jones	Director	0.00	Director	$0	$0	$0
Jennifer Huber	Director	0.00	Director	$0	$0	$0
Julie Friedman	Director	0.00	Director	$0	$0	$0
Anna Duffey	Director	0.00	Director	$0	$0	$0
Tom Desjarlais	Director	2.00	Director	$0	$0	$0
Doug DiVirgilio	Treasurer	5.00	Officer 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	No data	No data	No data	No data
2023	$1,309,695	$1,613,496	$1,992,249	$-303,801
2022	$814,643	$929,727	$1,777,323	$-115,084
2021	$941,506	$768,241	$1,951,028	$173,265
2020	$655,025	$484,787	$1,580,037	$170,238

UNITED WAY OF SOUTH SARASOTA COUNTY INC