SARASOTA AFRICAN AMERICAN CULTURAL COALITION INC

EIN: 833573603 501(c)(3) Arts, Culture & Humanities

SARASOTA, FL

Total Revenue
$313,393
Total Expenses
$173,611
Total Assets
$554,522
Net Assets
$436,449
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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
2018
Legal Domicile
FL
Phone
9419628761
Tax Period
2022-01-01 to 2022-12-31

SARASOTA AFRICAN AMERICAN CULTURAL COALITION INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $140K, a strong 45% operating margin.

Mission

Individuals, organizations and institutions working together to promote the cultural, creative and economic vibrancy of the Newtown community.

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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 (2022)

Revenue Breakdown

Contributions & Grants $313,393
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $313,393

Expense Breakdown

Grants Paid $0
Salaries & Benefits $126,196
Fundraising Expenses $0
Program Expenses $123,788
Other Expenses $47,415
TOTAL EXPENSES $173,611

Year-over-Year Comparison

2022 2021 Change
Revenue $313,393 $342,427 -0.1%
Expenses $173,611 $115,222 +0.5%
Net Income $139,782 $227,205 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
1
Volunteers
5

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
0
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Parish, Florida 40.00
Director
$0 $0 $0
N/A Sarasota, Florida 2.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
Director
$0 $0 $0
N/A Sarasota, FL 1.00
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 No data No data No data No data
2024 No data No data No data No data
2022 $313,393 $173,611 $554,522 $139,782
2021 $342,427 $115,222 $500,432 $227,205
2020 $120,671 $90,761 $103,560 $29,910
2019 $104,074 $64,524 $39,781 $39,550
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