FLORIDA CULTURAL GROUP INC

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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

1948

Legal Domicile

Principal Officer

JANENE AMICK

Phone

9417490111

Tax Period

2023-07-01 to 2024-06-30

FLORIDA CULTURAL GROUP INC, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 46% operating margin.

Mission

FLORIDA CULTURAL GROUP, INC. AND ITS VENUE, MANATEE PERFORMING ARTS CENTER, ARE THE CULTURAL ANCHOR AND ECONOMIC DRIVERS IN THE FLORIDA GULF COAST REGION. WE PROVIDE FOR ALL AGES AFFORDABLE, HIGH-QUALITY AND THOUGHT-PROVOKING ENTERTAINMENT, AS WELL AS PERFORMANCE AND TECHNICAL-BASED EDUCATION. IN ADDITION, WE EQUIP THE COMMUNITY WITH AMPLE MEETING, EVENT, AND PRODUCTION SPACE. WE ARE COMMITTED TO BEING THE COMMUNITY'S PREMIER THEATER AND THE REGION'S CENTER FOR CULTURAL, EDUCATION, AND ARTISTIC EXPRESSION. OUR TEAM WORKS TIRELESSLY TO ENSURE THAT WE DELIVER ENGAGING EXCELLENCE FOR ALL AGES, THROUGH THE TALENT WE PRESENT, THE SERVICES WE OFFER AND THE EXPERIENCE WE CREATE. OUR GOAL IS NOT JUST TO ENTERTAIN YOU, WE WANT TO INSPIRE YOU.

Program Service Accomplishments

Program 1

Expenses: $1,347,077 Revenue: $579,602

NOT ONLY DID OUR PRODUCTION PROGRAM PRODUCE 99 IN-HOUSE PERFORMANCES FOR HUNDREDS OF VOLUNTEER ACTORS TO DISCOVER THEIR PASSIONS IN ACTING, THEATRE LIGHTING, AND TECHNICAL DESIGN WE ALSO HOSTED 54...

NOT ONLY DID OUR PRODUCTION PROGRAM PRODUCE 99 IN-HOUSE PERFORMANCES FOR HUNDREDS OF VOLUNTEER ACTORS TO DISCOVER THEIR PASSIONS IN ACTING, THEATRE LIGHTING, AND TECHNICAL DESIGN WE ALSO HOSTED 54 PROFESSIONALLY PRODUCED PERFORMANCES WHICH INCLUDED CONCERTS, MUSICALS, LOCAL DANCE COMPANIES, AND BAND TRIBUTES. TOTALLY 153 OPPORTUNITIES FOR THE COMMUNITY TO COME TO THE CENTER TO ENJOY LIVE ENTERTAINMENT. THE CENTER IS PROUD TO PROVIDE FREE AND AFFORDABLE HIGH QUALITY LIVE ENTERTAINMENT TO THE AREAS OF AT-RISK YOUTH AND THEIR FAMILIES THROUGH OUR FOR KIDS BY KIDS PROGRAM. OUR ACTION THROUGH ACTING INITIATIVE ALLOWS THE CENTER TO PRESENT ON 6 SOCIALLY MISUNDERSTOOD ISSUES, ON STAGE, THROUGH LIVE THEATRE. THROUGH THE PROGRAM WE PROUDLY PARTNER WITH NON-PROFITS WHOSE MISSIONS ARE TO SUPPORT AND PROVIDE AID, BASED ON SOCIALLY MISUNDERSTOOD ISSUES.

Program 2

Expenses: $641,465 Revenue: $277,520

THE CENTER'S BALLROOM, GALLERY, AND TWO THEATERS ARE UTILIZED THROUGH OUR RENTAL PROGRAM FOR REHEARSAL SPACE, NONPROFIT FUNDRAISERS, COMMUNITY MEETINGS/FORUMS, LEADERSHIP AND TEAM BUILDING TRAININGS, WEDDINGS, AND MORE. IN ADDITION, COSTUME AND SET PIECES ARE ALSO AVAILABLE FOR RENT. WE ARE THE PROUD HOME TO THE BRADENTON KIWANIS CLUB, WHO MEET AT THE CENTER FOR THEIR WEEKLY MEETINGS.

Program 3

Expenses: $149,675 Revenue: $65,200

THE CENTER'S CONSERVATORY FOR THE PERFORMING AND TECHNICAL ARTS PROGRAM CONSISTS OF YEAR-ROUND THEATRICAL EDUCATION OPPORTUNITIES FOR AGES 8-90. DIRECTED BY OUR PROFESSIONAL ARTISTS AND DIRECTORS...

THE CENTER'S CONSERVATORY FOR THE PERFORMING AND TECHNICAL ARTS PROGRAM CONSISTS OF YEAR-ROUND THEATRICAL EDUCATION OPPORTUNITIES FOR AGES 8-90. DIRECTED BY OUR PROFESSIONAL ARTISTS AND DIRECTORS; PARTICIPANTS HAVE THE OPPORTUNITY TO BUILD SOCIAL AND COMMUNICATION SKILLS, IMPROVE SELF-ESTEEM, AND BOOST CONFIDENCE THROUGH PARTICIPATION IN LIVE THEATRE. MUSICAL CAMPS ARE A MINIMUM OF 2 WEEKS AND ARE AVAILABLE THROUGHOUT THE YEAR. THROUGH THE PROGRAM, PARTICIPANTS LEARN HOW TO AUDITION TO PARTICIPATE IN REHEARSALS AND ARE A PART OF A MINIMUM OF 4 FULL-STAGED PERFORMANCES. ONE OF THE PRIMARY GOALS OF THIS PROGRAM IS BUILD A COMMUNITY OF YOUNG PERFORMANCES AND PROVIDE A SAFE ENVIRONMENT FOR CHILDREN TO DEVELOP TEAMWORK SKILLS AND CONFIDENCE IN FRONT OF A LIVE AUDIENCE. OUR TECH/THEATRE MANAGEMENT PROGRAM IS DESIGNED TO OFFER STUDENTS A PRE-PROFESSIONAL EXPERIENCE IN TECHNICAL DESIGN OR THEATRE MANAGEMENT. OUR DRAMATURE PROGRAM CONSISTS OF ACTORS AGES 55+ THAT PERFORM IN VARIOUS STYLES OF PRODUCTIONS AND PROVIDE NUMEROUS COMMUNITY OUTREACH PROGRAMS IN A VARIETY OF VENUES.

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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 $3,620,959

Program Service Revenue $922,322

Investment Income $56,249

Other Revenue $0

TOTAL REVENUE $4,599,530

Expense Breakdown

Grants Paid $21,672

Salaries & Benefits $820,478

Fundraising Expenses $137,322

Program Expenses $2,138,217

Other Expenses $1,663,544

TOTAL EXPENSES $2,505,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,599,530	$2,558,332	+0.8%
Expenses	$2,505,694	$2,276,619	+0.1%
Net Income	$2,093,836	$281,713	+6.4%

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

368

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

$136,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VERNON DESEAR	CHAIR	10.00	Officer Director	$0	$0	$0
JOHN C DIEM	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN TUCKER	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN ROMINE	SECRETARY	2.00	Officer Director	$0	$0	$0
SHARON BARHORST	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN L CONTE	DIRECTOR	1.00	Director	$0	$0	$0
JACK HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HRONCICH	DIRECTOR	1.00	Director	$0	$0	$0
ED HUNZEKER	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL PALMER	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN PRICE	DIRECTOR	1.00	Director	$0	$0	$0
RANDY RENTFRO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT RITCH	DIRECTOR	1.00	Director	$0	$0	$0
PETER RUSCOE	DIRECTOR	1.00	Director	$0	$0	$0
CAROL SCIARRABBA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES THIELEN	DIRECTOR	1.00	Director	$0	$0	$0
JIM WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
JANENE M AMICK	CEO	40.00	Officer	$125,000	$11,552	$136,552

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	$4,599,530	$2,505,694	$19,049,871	$2,093,836
2023	$2,558,332	$2,276,619	$16,778,599	$281,713
2022	$2,578,905	$2,144,568	$16,645,255	$434,337
2021	$1,563,968	$1,744,725	$16,347,510	$-180,757
2019	$2,332,557	$2,696,635	$17,175,019	$-364,078
2018	$1,878,071	$2,252,780	$17,786,825	$-374,709