SARASOTA CONCERT ASSOCIATION INC (EIN 592850861) - 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

1986

Legal Domicile

Principal Officer

CHARLES BERARDESCO

Phone

9419666161

Tax Period

2024-04-01 to 2025-03-31

SARASOTA CONCERT ASSOCIATION INC, founded in 1986, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 11% surplus.

Mission

TO PRESENT INTERNATIONALLY RENOWED ORCHESTRAS, CHAMBER ENSEMBLES AND SOLO ARTISTS TO THE GREATER SARASOTA COMMUNITY, AND TO SHOWCASE OUTSTANDING REGIONAL MUSICIANS IN A SERIES OF FREE PUBLIC CONCERTS.

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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 $363,503

Program Service Revenue $905,799

Investment Income $35,126

Other Revenue $28,401

TOTAL REVENUE $1,332,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,929

Fundraising Expenses $0

Program Expenses $1,029,195

Other Expenses $978,788

TOTAL EXPENSES $1,183,717

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,332,829	$720,622	+0.8%
Expenses	$1,183,717	$757,385	+0.6%
Net Income	$149,112	$-36,763	-5.1%

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

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

$101,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA MOXLEY	EXECUTIVE DI	40.00	Officer	$101,000	$0	$101,000
DR DALE ANDERSON	DIRECTOR	15.00	Director	$0	$0	$0
TED BEILMAN	TREASURER	15.00	Officer Director	$0	$0	$0
CHARLES BERARDESCO	PRESIDENT	15.00	Officer Director	$0	$0	$0
GAIL BERENSON	DIRECTOR	15.00	Director	$0	$0	$0
DR KAREN BROWN	DIRECTOR	15.00	Director	$0	$0	$0
MONICA VAN BUSKIRK	DIRECTOR	15.00	Director	$0	$0	$0
BRUCE ENSINGER	DIRECTOR	15.00	Director	$0	$0	$0
DR ERIC FAERBER	DIRECTOR	15.00	Director	$0	$0	$0
TREVOR JOHNSON	DIRECTOR	15.00	Director	$0	$0	$0
ROBERT MAYER	DIRECTOR	15.00	Director	$0	$0	$0
JOY MCINTYRE	1ST VICE PRE	15.00	Officer Director	$0	$0	$0
PAULA ROTHMAN	DIRECTOR	15.00	Director	$0	$0	$0
ARTHUR SICILIANO	DIRECTOR	15.00	Director	$0	$0	$0
ANN STEPHENSON-MOE	2ND VICE PRE	15.00	Officer Director	$0	$0	$0
MARA WINN	SECRETARY	15.00	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
2025	$1,332,829	$1,183,717	$2,330,421	$149,112
2024	$720,622	$757,385	$1,974,484	$-36,763
2023	$751,066	$728,389	$1,876,045	$22,677
2022	$406,663	$476,513	$1,910,917	$-69,850
2022	$406,663	$476,513	$1,910,917	$-69,850
2021	$217,250	$200,459	$1,857,035	$16,791
2020	$508,711	$633,729	$1,404,412	$-125,018
2019	$606,194	$473,492	$1,567,022	$132,702

SARASOTA CONCERT ASSOCIATION INC