SARASOTA SCHOOL OF ARTS AND SCIENCES INC

EIN: 650745152 501(c)(3) Education

SARASOTA, FL

Total Revenue
$9,938,338
Total Expenses
$8,672,973
Total Assets
$18,077,959
Net Assets
$5,510,657
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
FL
Principal Officer
MARILYN HIGHLAND
Phone
9413301855
Tax Period
2024-07-01 to 2025-06-30

SARASOTA SCHOOL OF ARTS AND SCIENCES INC, founded in 1997, is a community nonprofit in the Education sector that reported $9.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $8.7M left a modest 13% surplus.

Mission

TO PROVIDE A SMALL, INTIMATE ENVIRONMENT OF ACADEMIC EXCELLENCE AND ENRICHMENT, UTILIZING COMMUNITY PARTNERSHIPS AND TRADITIONAL AND INNOVATIVE TEACHING METHODS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,968
Program Service Revenue $9,600,032
Investment Income $25,547
Other Revenue $284,791
TOTAL REVENUE $9,938,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,351,958
Fundraising Expenses $0
Program Expenses $6,521,950
Other Expenses $3,321,015
TOTAL EXPENSES $8,672,973

Year-over-Year Comparison

2024 2023 Change
Revenue $9,938,338 $9,195,713 +0.1%
Expenses $8,672,973 $8,289,494 +0.0%
Net Income $1,265,365 $906,219 +0.4%
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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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
70

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
6
$572,989
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAELA MACDONALD MEMBER AT LARGE 1.00
Director
$0 $0 $0
TAMEKA HOWARD MEMBER AT LARGE 1.00
Director
$0 $0 $0
TERRENCE MCGANNON TREASURER 1.00
Officer Director
$0 $0 $0
MATT WENZEL MEMBER AT LARGE 1.00
Director
$0 $0 $0
WADE MCVAY MEMBER AT LARGE 1.00
Director
$0 $0 $0
DANES SOLOMON PTSS REPRESENTATIVE 40.00
Director
$0 $0 $0
DR MARILYN HIGHLAND PRESIDENT 1.50
Officer Director
$0 $0 $0
STEVE W KAMM VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN WILHEM SECRETARY 1.00
Director
$0 $0 $0
TARA TAHMOSH SCHOOL ADMINISTRATOR 40.00
Officer
$188,763 $27,444 $216,207
CARL WILLIAMS ASST. SCHOOL ADMINISTRATOR 40.00
Officer
$170,942 $24,820 $195,762
KYLIE GANNON ASSISTANT PRINCIPAL 40.00
Officer
$137,076 $23,944 $161,020
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 $9,938,338 $8,672,973 $18,077,959 $1,265,365
2024 No data No data No data No data
2023 $8,690,582 $8,068,975 $12,012,958 $621,607
2022 $8,002,425 $7,072,684 $11,519,023 $929,741
2021 $7,527,454 $7,444,483 $11,343,840 $82,971
2020 $7,062,779 $7,053,489 $12,129,862 $9,290
2019 $7,286,106 $7,260,141 $12,344,298 $25,965
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