ARTIST SERIES CONCERTS OF SARASOTA (EIN 650755294) - 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

2002

Legal Domicile

Principal Officer

KEREN SHANI-LIFRAK

Phone

9413061200

Tax Period

2024-07-01 to 2025-06-30

ARTIST SERIES CONCERTS OF SARASOTA, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $533K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $682K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PRESENT QUALITY MUSICAL CONCERTS FOR THE GENERAL PUBLIC AND TO PROMOTE AND ASSIST IN THE DEVELOPMENT OF ASPIRING MUSICIANS.

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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 $267,704

Program Service Revenue $210,432

Investment Income $54,947

Other Revenue $0

TOTAL REVENUE $533,083

Expense Breakdown

Grants Paid $9,191

Salaries & Benefits $123,804

Fundraising Expenses $23,760

Program Expenses $478,200

Other Expenses $548,995

TOTAL EXPENSES $681,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$533,083	$750,944	-0.3%
Expenses	$681,990	$611,124	+0.1%
Net Income	$-148,907	$139,820	-2.1%

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

Volunteers

134

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

$12,615

Total Directors

$12,615

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEREN SHANI-LIFRAK	EXECUTIVE DI	40.00	Officer Director	$12,615	$0	$12,615
PATRICIA BOURKE	DIRECTOR	1.00	Director	$0	$0	$0
BONTI BURGESS	SECRETARY	2.00	Officer Director	$0	$0	$0
MILES CAPRON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHIVAS	CHAIR	2.00	Officer Director	$0	$0	$0
GAIL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CYNDI MUMM	DIRECTOR	1.00	Director	$0	$0	$0
PETER PHILLIPES	CO-TREASURER	2.00	Officer Director	$0	$0	$0
GERALD RONKIN	CO-TREASURER	2.00	Officer Director	$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	$533,083	$681,990	$1,233,540	$-148,907
2024	$750,944	$611,124	$1,235,328	$139,820
2023	$739,211	$537,066	$991,608	$202,145
2022	$648,180	$473,775	$743,795	$174,405
2021	$532,062	$340,082	$642,150	$191,980
2020	$479,020	$434,479	$417,996	$44,541
2019	$500,141	$524,705	$344,932	$-24,564
2018	$504,783	$573,446	$369,245	$-68,663

ARTIST SERIES CONCERTS OF SARASOTA