Ruth Eckerd Hall Inc
Nonprofit profile at a glance
- EIN
- 591803628
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Clearwater, FL, USA
- Phone
- 7277917060
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $39,824,044
- Expenses
- $40,340,828
- Assets
- $62,430,113
- Liabilities
- $9,888,978
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
34 people listed
Executive titles in this filing
- SUSAN CROCKETT (PRESIDENT & CEO)
Highest reported compensation
- SUSAN CROCKETT (PRESIDENT & CEO): $456,733 total reported compensation
- ROBERT ROSSI (CPO/EXEC VP ENTERTAINMENT): $335,269 total reported compensation
- SARAH PROUT (CFO/VP OF FINANCE & ADMIN): $218,435 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Changing lives through performing arts.(continued on schedule o)
What it reported doing in 2024
The marcia p. Hoffman school of the arts ("the school") was established on the ruth eckerd hall campus in 2003 and is an integral part of ruth eckerd hall, inc. Its stated purpose is to provide lifelong learning opportunities which provide accessibility to and exploration, discovery, and mastery of the arts for all ages, abilities, and circumstances.(continued on schedule o) the school is comprised of 3 classrooms (one specifically devoted to virtual learning platforms), 4 private lesson rooms, 2 rehearsal studios, a recording studio, a visual arts/multi-purpose studio, and a 150-seat black box theater, as well as office space for school administration and faculty. The year-round programming on-site offers classes, private lessons, and summer camps in all performing arts disciplines and an annual schooltime series providing high-caliber performances for during-the-school-day audiences. The school also provides arts education experiences off-site in the community for a combined total of over 60,000 arts experiences provided each year.
Operating model
- Revenue model
- Other-operating. 84% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 81
- Accountability: 100
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96%; rating input score 96
- Program expense ratio: 83.5%; rating input score 84
- Fundraising efficiency: $2.16 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.3%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 1.55; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 4.5%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 5.6% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 96% of revenue deployed · 83.5% of spending went to programs
- Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $33.7M in reported program spending
- Leadership: top reported pay $457K · 34 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.5M reported
- Consistency: 42 of 43 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- High — Sustainability: Operating margin scored 25/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 55/100.