Sarasota Ballet of Florida Inc

EIN: 650135900 501(c)(3) Arts, Culture & Humanities

Sarasota, FL

Total Revenue
$15,927,658
Total Expenses
$10,932,858
Total Assets
$23,008,295
Net Assets
$18,529,442
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Phone
9413590099
Tax Period
2024-06-01 to 2025-05-31

Sarasota Ballet of Florida Inc, founded in 1989, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.9M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 31% operating margin.

Mission

The Mission of the Sarasota Ballet of Florida is to enrich lives, captivate emotions and strengthen the community through the art of dance.

Program Service Accomplishments

Program 1
Expenses: $6,937,331 Revenue: $1,786,492

The Sarasota Ballet's expansive repertoire, coupled with the athleticism and artistry of the Company's dancers, has brought the Company national and international acclaim. The repertoire includes...

Read more

The Sarasota Ballet's expansive repertoire, coupled with the athleticism and artistry of the Company's dancers, has brought the Company national and international acclaim. The repertoire includes works by some of the greatest choreographers in the dance world, such as Sir Frederick Ashton, George Balanchine, Antony Tudor, Sir Kenneth MacMillan, Paul Taylor, and Sir David Bintley to name a few. In addition, The Sarasota Ballet has continued to push the art form forward through commissioning new works, from both budding choreographers within the Company and established choreographers around the globe.

Program 2
Expenses: $1,382,489 Revenue: $1,768,940

The Education department provides dance opportunities for all ages and abilities. The Sarasota Ballet School offers a high quality dance education for children 3 and above. We foster an environment...

Read more

The Education department provides dance opportunities for all ages and abilities. The Sarasota Ballet School offers a high quality dance education for children 3 and above. We foster an environment that enables children to learn ballet correctly and safely, develop confidence and we pride ourselves on celebrating each student's individuality. The Margaret Barbieri Conservatory is a pre-professional program for students ages 12 and above to audition, and upon acceptance, receive the highest quality of dance education. The curriculum includes classical technique, pointe, contemporary, variations, repertoire, and conditioning. The Summer Intensive is specifically designed to develop young dancers technique alongside artistry. Students ages 11-21 audition to attend up to five weeks of rigorous dance training in Sarasota each summer.

Program 3
Expenses: $542,772

The Sarasota Ballet believes dance is for everyone and takes pride in making dance accessible to all through our Community Engagement programs. Dance The Next Generation (DNG) was established over 30...

Read more

The Sarasota Ballet believes dance is for everyone and takes pride in making dance accessible to all through our Community Engagement programs. Dance The Next Generation (DNG) was established over 30 years ago and provides equitable access to quality dance education by offering a comprehensive tuition-free dance program to 3-12 graders from underrepresented areas. Through diversified dance offerings, progressing enrichment activities, and ever-increasing community partnerships, DNG students receive a complete 10 year dance experience that supports education, community, and academic excellence for each student. Additionally, our other Community Engagement programs provide access and opportunity for those 5 to 95 to explore and experience the world of dance. Focusing on youth, adaptive, and community, they offer complimentary and low cost programs such as school performances and programs, Joyful Movement Through Parkinson's, Silver Swans, and community experiences.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,987,838
Program Service Revenue $3,549,551
Investment Income $394,990
Other Revenue $-4,721
TOTAL REVENUE $15,927,658

Expense Breakdown

Grants Paid $112,769
Salaries & Benefits $6,164,606
Fundraising Expenses $736,359
Program Expenses $8,862,592
Other Expenses $4,655,483
TOTAL EXPENSES $10,932,858

Year-over-Year Comparison

2024 2023 Change
Revenue $15,927,658 $10,266,328 +0.6%
Expenses $10,932,858 $9,598,173 +0.1%
Net Income $4,994,800 $668,155 +6.5%
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

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
135
Volunteers
175

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
5
$237,913
Total Directors
21
$0
Key Employees
1
$261,039
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Welle Secretary 2.0
Officer Director
$0 $0 $0
Patrick Kenny Treasurer 2.0
Officer Director
$0 $0 $0
Peter B Miller Vice Chair 2.0
Officer Director
$0 $0 $0
Sandra DeFeo Board Chair 2.0
Officer Director
$0 $0 $0
Audrey Robbins Director 1.0
Director
$0 $0 $0
Charles Wilson Director 1.0
Director
$0 $0 $0
Frank Martucci Director 1.0
Director
$0 $0 $0
Ginger Cannon Bailey Director 1.0
Director
$0 $0 $0
Hillary Steele Director 1.0
Director
$0 $0 $0
Jan Sirota Director 1.0
Director
$0 $0 $0
JoAnn Heffernan Heisen Director 1.0
Director
$0 $0 $0
Julie A Harris Director 1.0
Director
$0 $0 $0
Linda Mitchell Director 1.0
Director
$0 $0 $0
Maureen Steiner Director 1.0
Director
$0 $0 $0
Mercedita OConnor Director 1.0
Director
$0 $0 $0
Patricia A Golemme Director 1.0
Director
$0 $0 $0
Robin Grossman Director 1.0
Director
$0 $0 $0
Rosemary Oberndorf Director 1.0
Director
$0 $0 $0
Warren R Colbert Sr Director 1.0
Director
$0 $0 $0
William A Farber Director 1.0
Director
$0 $0 $0
William E Chapman Director 1.0
Director
$0 $0 $0
Joseph Volpe Executive Director 40.0
Officer
$237,913 $0 $237,913
Iain Webb Director 40.0
Key Emp
$241,039 $20,000 $261,039
Jason Ettore General Manager 40.0
Highest
$118,006 $0 $118,006
Margaret Barbieri Assistant Director 40.0
Highest
$185,538 $0 $185,538
Michelle Butler Senior Director of Philanthropy 40.0
Highest
$141,577 $0 $141,577
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 $15,927,658 $10,932,858 $23,008,295 $4,994,800
2024 $10,266,328 $9,598,173 $17,117,438 $668,155
2023 $9,064,188 $9,001,418 $14,887,033 $62,770
2022 $10,013,391 $7,421,148 $13,132,949 $2,592,243
2021 $9,091,232 $5,358,029 $11,153,131 $3,733,203
2020 $7,200,461 $6,670,622 $7,176,571 $529,839
2019 $6,590,273 $7,329,485 $5,712,679 $-739,212
2018 $6,821,859 $6,652,816 $6,343,656 $169,043
Explore More Nonprofits
Top 100 Nonprofits in Florida Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Sarasota Ballet of Florida Inc with other nonprofits in Florida and across the country.