Florida West Coast Symphony Inc dba Sarasota Orchestra (EIN 592603081) - 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

1949

Legal Domicile

Phone

9419534252

Tax Period

2024-08-01 to 2025-07-31

Florida West Coast Symphony Inc dba Sarasota Orchestra, founded in 1949, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $42.0M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26.2M, a strong 62% operating margin.

Mission

To engage, educate and enrich our community through high quality live musical experiences.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,700,685

Program Service Revenue $3,557,651

Investment Income $2,151,476

Other Revenue $542,111

TOTAL REVENUE $41,951,923

Expense Breakdown

Grants Paid $33,284

Salaries & Benefits $10,494,335

Fundraising Expenses $2,463,191

Program Expenses $12,053,986

Other Expenses $5,219,630

TOTAL EXPENSES $15,747,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,951,923	$66,519,737	-0.4%
Expenses	$15,747,249	$14,285,173	+0.1%
Net Income	$26,204,674	$52,234,564	-0.5%

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

359

Volunteers

250

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

$712,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Billy Robinson	TREASURER	2.0	Officer Director	$0	$0	$0
David Green	VICE-CHAIR	2.0	Officer Director	$0	$0	$0
Jill Levine	SECRETARY	2.0	Officer Director	$0	$0	$0
Richard Rivera	VICE-CHAIR	2.0	Officer Director	$0	$0	$0
Rose-Anne Frano	VICE-CHAIR	2.0	Officer Director	$0	$0	$0
Tom Koski	CHAIR	2.0	Officer Director	$0	$0	$0
Anne Folsom Smith	DIRECTOR	2.0	Director	$0	$0	$0
David Steves	DIRECTOR	2.0	Director	$0	$0	$0
Kim Wheeler	DIRECTOR	2.0	Director	$0	$0	$0
Lois Stulberg	DIRECTOR	2.0	Director	$0	$0	$0
Mike Esposito	DIRECTOR	2.0	Director	$0	$0	$0
Peter Kretzmer	DIRECTOR	2.0	Director	$0	$0	$0
Rick Lannamann	DIRECTOR	2.0	Director	$0	$0	$0
Robin Serbin	DIRECTOR	2.0	Director	$0	$0	$0
Tom Ryan	DIRECTOR	2.0	Director	$0	$0	$0
Cathy Wilson	CHIEF FINANCIAL OFFICER	40.0	Officer	$176,747	$28,916	$205,663
Gordon Greenfield	CHIEF MARKETING & COMMUNICATIONS OFFICER	40.0	Officer	$131,629	$29,026	$160,655
Joseph McKenna	PRESIDENT AND CEO	38.0	Officer	$281,144	$64,913	$346,057

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	$41,951,923	$15,747,249	$111,857,902	$26,204,674
2024	$66,519,737	$14,285,173	$83,523,728	$52,234,564
2023	$10,091,175	$13,385,444	$31,780,178	$-3,294,269
2022	$13,124,134	$11,369,862	$33,319,579	$1,754,272
2021	$26,320,822	$7,490,676	$33,277,421	$18,830,146
2020	$13,740,273	$9,729,461	$15,146,928	$4,010,812
2019	$11,214,293	$10,877,073	$10,372,677	$337,220

Florida West Coast Symphony Inc dba Sarasota Orchestra