Sarasota Ballet of Florida Inc (EIN 650135900) - 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

1989

Legal Domicile

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

To enrich lives, captivate emotions and strengthen the community through the art of dance.

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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 $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

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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

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

$237,913

Total Directors

Key Employees

$261,039

Highest Compensated

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

Sarasota Ballet of Florida Inc