THE FLAGLER AUDITORIUM GOVERNING B… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

SANDRA SIEPIETOSKI

Phone

3864377547

Tax Period

2023-07-01 to 2024-06-30

THE FLAGLER AUDITORIUM GOVERNING BOARD INC, founded in 1991, is a small nonprofit that reported $709K in total revenue in fiscal year 2023. Expenses of $635K left a modest 10% surplus.

Mission

TO CREATE A FAVORABLE CLIMATE FOR THE ARTS IN THE COMMUNITY; TO EXPAND THE REACH OF ARTS ACTIVITY INTO THE TOTAL COMMUNITY AND ENCOURAGE GREATER COMMUNITY AWARENESS OF ARTS ACTIVITY; TO PROVIDE A SOURCE FOR SERVICES AND TECHNICAL ASSISTANCE TO ARTS INSTITUTIONS; TO ESTABLISH LINES OF COMMUNICATION BETWEEN ARTS INSTITUTIONS AND PUBLIC AND PRIVATE AGENCIES; TO RAISE THE LEVEL OF PRIORITY FOR ARTS EDUCATION; TO PROMOTE AND ENCOURAGE CULTURAL AND ARTISTIC ACTIVITIES IN FLAGLER COUNTY, FLORIDA; TO DEVELOP THE ARTISTIC AND CULTURAL RESOURCES WITHIN SUCH AREA; TO ENCOURAGE, SUSTAIN AND SUPPORT EXISTING AND FUTURE ARTISTIC AND CULTURAL INSTITUTIONS; AND TO ENCOURAGE THE PUBLIC TO GIVE SUPPORT, FINANCIAL AND OTHERWISE, TO ALL OF SUCH ACTIVITIES; TO PROMOTE LEADERSHIP AND DIRECTION IN PLANNING, SCHEDULING AND PROMOTING THE PERFORMING ARTS AND COMMUNITY USE OF THE FLAGLER AUDITORIUM.

Program Service Accomplishments

Program 1

Expenses: $453,793 Revenue: $587,284

PROVIDING FLAGLER COUNTY WITH PROFESSIONAL ENTERTAINMENT AT AFFORDABLE PRICES THROUGH THE COMMUNITY USE OF THE FLAGLER AUDITORIUM IN FLAGLER COUNTY, FLORIDA, THROUGH PERFORMANCE TICKET SALES...

PROVIDING FLAGLER COUNTY WITH PROFESSIONAL ENTERTAINMENT AT AFFORDABLE PRICES THROUGH THE COMMUNITY USE OF THE FLAGLER AUDITORIUM IN FLAGLER COUNTY, FLORIDA, THROUGH PERFORMANCE TICKET SALES, CORPORATE SPONSORSHIPS, SHOWBILL, DIRECT GRANTS FOR PERFORMANCES, AND LOCAL OPERATING GRANTS.

Program 2

Expenses: $12,500

SUPPORTING ARTS IN EDUCATION (INCLUDING GRANTS AND SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN PERFORMING ARTS OR TECHNICAL THEATER, EDUCATIONAL ARTS ACTIVITIES IN THE SCHOOLS AND COMMUNITY) FROM...

SUPPORTING ARTS IN EDUCATION (INCLUDING GRANTS AND SCHOLARSHIPS TO STUDENTS PURSUING CAREERS IN PERFORMING ARTS OR TECHNICAL THEATER, EDUCATIONAL ARTS ACTIVITIES IN THE SCHOOLS AND COMMUNITY) FROM PATRON CONTRIBUTIONS AND SPECIFIC FUNDRAISING ACTIVITIES.

Program 3

Expenses: $150,672 Revenue: $9,450

NURTURING ARTS AND CULTURE THROUGHOUT THE COMMUNITY FROM ARTS PLATES AND OTHER FUNDS, AND CAPITAL GRANTS TO ENHANCE THE AUDITORIUM FOR THE USE OF THE COMMUNITY

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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 $90,946

Program Service Revenue $593,302

Investment Income $21,707

Other Revenue $3,080

TOTAL REVENUE $709,035

Expense Breakdown

Grants Paid $163,172

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $616,965

Other Expenses $472,003

TOTAL EXPENSES $635,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$709,035	$740,958	0.0%
Expenses	$635,175	$463,320	+0.4%
Net Income	$73,860	$277,638	-0.7%

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

N/A

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

Total Directors

$5,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY WOOD	TREASURER	4.00	Officer Director	$0	$0	$0
DEBBY MEYER	SECRETARY	4.00	Officer Director	$0	$0	$0
PRISCILLA NETTS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SANDRA SIEPIETOSKI	PRESIDENT	8.00	Officer Director	$0	$0	$0
JIM TISONY	DIRECTOR	2.00	Director	$0	$0	$0
SARAH ULIS	DIRECTOR	2.00	Director	$0	$0	$0
MARALEE WALSH MCDANIEL	DIRECTOR	2.00	Director	$0	$0	$0
JAY SCHERR	DIRECTOR	2.00	Director	$5,600	$0	$5,600
RALPH LIGHTFOOT	DIRECTOR	2.00	Director	$0	$0	$0
MARY JANE LEFEBVRE	DIRECTOR	2.00	Director	$0	$0	$0
LINDA COLE	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA ALEX	DIRECTOR	2.00	Director	$0	$0	$0
SASCHA WISE	DIRECTOR	4.00	Director	$0	$0	$0
AMELIA FULMER	EXECUTIVE DIRECTOR	40.00	Officer	$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	No data	No data	No data	No data
2024	$709,035	$635,175	$1,210,657	$73,860
2023	$740,958	$463,320	$903,329	$277,638
2022	$420,114	$350,032	$604,110	$70,082
2021	$119,275	$101,479	$536,979	$17,796
2020	$564,757	$425,847	$517,769	$138,910
2019	$1,193,235	$1,661,590	$581,569	$-468,355
2018	$635,510	$570,441	$883,286	$65,069

THE FLAGLER AUDITORIUM GOVERNING BOARD INC