SOUTH FLORIDA ART CENTER INC (EIN 592423867) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

JOHN ABODEELY

Phone

3056748278

Tax Period

2023-10-01 to 2024-09-30

SOUTH FLORIDA ART CENTER INC, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 17% operating margin.

Mission

THE MISSION OF OOLITE ARTS IS TO SUPPORT ARTISTS AND ADVANCE THE KNOWLEDGE AND PRACTICE OF CONTEMPORARY VISUAL ARTS AND CULTURE IN SOUTH FLORIDA. OOLITE ARTS CREATES OPPORTUNITIES FOR EXPERIMENTATION AND INNOVATION, AND ENCOURAGES THE EXCHANGE OF IDEAS ACROSS CULTURES THROUGH RESIDENCIES, EXHIBITIONS, PUBLIC PROGRAMS, EDUCATION AND OUTREACH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $750,602

Program Service Revenue $77,679

Investment Income $4,776,455

Other Revenue $200,466

TOTAL REVENUE $5,805,202

Expense Breakdown

Grants Paid $651,000

Salaries & Benefits $1,512,477

Fundraising Expenses $90,370

Program Expenses $2,963,640

Other Expenses $2,639,274

TOTAL EXPENSES $4,802,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,805,202	$3,458,627	+0.7%
Expenses	$4,802,751	$4,279,686	+0.1%
Net Income	$1,002,451	$-821,059	-2.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$345,452

Total Directors

Key Employees

$180,669

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALESSANDRO FERRETTI	DIRECTOR	2.00	Director	$0	$0	$0
EDOUARD DUVAL CARRIE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
GERMANE BARNES	DIRECTOR	1.00	Director	$0	$0	$0
JEFF KRINSKY	DIRECTOR	2.00	Director	$0	$0	$0
KIM KOVEL	DIRECTOR	2.00	Director	$0	$0	$0
LILIA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
MARIE ELENA ANGULO	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS KNAPP	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS SCHOLL	PRESIDENT & CEO	40.00	Officer	$345,452	$0	$345,452
TANGELLA S MADDOX	INTERIM CFO	40.00	Officer	$0	$0	$0
ESTHER PARK	VP OF PROGRAMMING	40.00	Key Emp	$180,669	$0	$180,669
AARON FEINBERG	FORMER CFO	40.00		$124,920	$0	$124,920

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	$5,805,202	$4,802,751	$120,810,203	$1,002,451
2023	$3,458,201	$4,279,686	$104,830,712	$-821,485
2022	$2,798,052	$4,310,340	$97,078,090	$-1,512,288
2021	$4,483,318	$4,025,048	$115,639,689	$458,270
2020	$6,003,483	$4,226,859	$106,100,964	$1,776,624
2019	$4,156,429	$3,846,304	$102,554,834	$310,125
2018	$7,227,256	$2,224,948	$102,355,848	$5,002,308

SOUTH FLORIDA ART CENTER INC