ROTARY CLUB OF SARASOTA FOUNDATION… - 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

1961

Legal Domicile

Principal Officer

PRESIDENT

Phone

2676408737

Tax Period

2024-07-01 to 2025-06-30

ROTARY CLUB OF SARASOTA FOUNDATION INC, founded in 1961, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $185K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $383K exceeded revenue, resulting in a 108% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO HELP THE ROTARY CLUB OF SARASOTA BUILD A BETTER COMMUNITY AND WORLD THROUGH HUMANITARIAN, EDUCATIONAL AND OTHER CHARITABLE ENDEAVORS.

Program Service Accomplishments

Program 1

Expenses: $267,873

THE FOUNDATION PROVIDED GRANTS TO BOOKER HIGH SCHOOL, BOOKER MIDDLE SCHOOL AND BOOKER ELEMENTARY SCHOOL IN SUPPORT OF EDUCATION AND YOUTH ACTIVITIES.

Program 2

Expenses: $18,000

THE FOUNDATION PROVIDED COLLEGE SCHOLARSHIPS FOR ELIGIBLE LOCAL HIGH SCHOOL SENIORS.

Program 3

Expenses: $15,000

THE FOUNDATION SUPPORTED THE TAKE STOCK IN CHILDREN INITIATIVE TO SUPPORT STUDENTS ATTENDING TECHNICAL COLLEGES

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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 $125,971

Program Service Revenue $0

Investment Income $46,776

Other Revenue $11,817

TOTAL REVENUE $184,564

Expense Breakdown

Grants Paid $374,523

Salaries & Benefits $0

Fundraising Expenses $2,400

Program Expenses $374,523

Other Expenses $8,761

TOTAL EXPENSES $383,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$184,564	$246,638	-0.3%
Expenses	$383,284	$186,324	+1.1%
Net Income	$-198,720	$60,314	-4.3%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA PLUM	Trustee	1.00	Director	$0	$0	$0
TIMOTHY HERRING	Trustee	1.00	Director	$0	$0	$0
RICHARD C REHMYER MD	Trustee	1.00	Director	$0	$0	$0
ANYA KEOGH	Trustee	1.00	Director	$0	$0	$0
YUSIF ADDAE MD	Trustee	1.00	Director	$0	$0	$0
NICHOLAS ROSSI	Vice President	2.00	Officer	$0	$0	$0
MICHAEL NESTOR	Treasurer	2.00	Officer	$0	$0	$0
RUTH S MCLAREN	President	1.00	Officer	$0	$0	$0
ROBERT J SUMMERS	Secretary	1.00	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	$184,564	$383,284	$640,062	$-198,720
2024	$276,638	$186,324	$788,819	$90,314
2023	$305,216	$187,061	$698,505	$118,155
2022	$118,461	$77,363	$580,350	$41,098
2021	$110,345	$59,443	$539,252	$50,902

ROTARY CLUB OF SARASOTA FOUNDATION INC