The Players Inc

What it reported doing in 2024

Sarasota's first and oldest performing arts organization, second oldest in the state of Florida, began in 1930, in the midst of the great depression, with a season of one-act plays. Two hundred and eighty-one members/patrons each paid a two-dollar subscription fee for the series.the players first permanent home was built of native pecky cypress in 1936. The original theatre seated two hundred forty six and cost just over $9,000. The pecky cypress building was torn down to make room for the next theatre on north tamiami trail, which opened in january 1974, seating four hundred ninety seven. That facility was sold in 2018 and vacated in october 2020 at the height of closures related to the covid-19 pandemic. The players performed in various indoor and outdoor venues until opening an indoor venue of its own again in december 2021 at 3501 s. Tamiami trail in the crossings at siesta key.the players theatre has achieved a reputation for quality productions and for creating programming that entertains, educates, and enlightens. The theatre serves a diverse audience with memorable and meaningful year-round performing arts that includes the broadway theatre series, the snap (something new at players) series, the summer sizzler series, the players playwriting festival, concerts, and community partnerships.the players strives to achieve the highest possible artistic quality in the context of a volunteer based theatre. Artistic leadership from some of the area's best professional directors, music directors, choreographers, set, lighting and costume designers, create an environment that challenges everyone to achieve high artistic standards.the players maintains affordable ticket prices, from $5 to $35, ensuring the experience of live theatre is available to as many people as possible. The players also provides over thirty-five hundred complimentary tickets to local community service agencies each year through its charity preview performance program.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 48.4%; rating input score 48
• Fundraising efficiency: $1.21 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -189.1%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 1.89; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 4.1%; rating input score 55; 55th percentile among comparable filings

Growth

• Program expense growth: 1.6% per year; rating input score 100; 24th percentile among comparable filings
• Revenue growth: 0.8% per year; rating input score 100; 18th percentile among comparable filings
• Asset growth: 13.1% per year; rating input score 100; 68th percentile among comparable filings