Cinnabar Arts Corporation

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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

1974

Legal Domicile

Principal Officer

Diane Dragone

Phone

7077638920

Tax Period

2022-07-01 to 2023-06-30

Cinnabar Arts Corporation, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2022.

Mission

The Mission of Cinnabar Arts is to Enlighten, Educate and Entertain the community by presenting a wide range of works in theater, music and opera repertory. The size of the theater (capacity of 120) lends itself to productions that are intimate thereby insuring a unique and memorable experience for audience members. We present works that are relevant to contemporary life and challenging to professional artists and audience members alike.The Young Repertory remains a vibrant part of Cinnabar Arts as we train young people in the performing arts and help them make lasting and meaningful connections between performing arts and their daily lives.

Program Service Accomplishments

Program 1

Expenses: $798,841 Revenue: $601,573

Cinnabar Theater, now in its 51st year of enhancing the cultural fabric of the Bay area, produces a wide range of performing arts that are relevant and challenging to audiences and artists alike in an intimate (111 seat) environment. Located in the southern Sonoma County city of Petaluma, Cinnabar produces six shows per season, typically: one musical, four straight plays (comedies, dramas both classics and new works) and one opera. In addition, Cinnabar has a robust and vibrant young performing arts division. Young Repertory teaches and trains young people in the performing arts to enrich and develop future artists and audiences. The Young Rep classes and performances take place in a working, professional theater. Youth work one-on-one and in groups with performing arts educators, all of whom work professionally as musicians, actors, singers and dancers. In the 2022-23 season, over 1,000 students atended Young Rep classes and perform in four mainstage shows. And, over 200 students atended the two 2023 summer camps and performed in the summer camp production of Rock of Ages. Young Rep reaches out to all areas of the community and provides tuition scholarships to 10% of its students. Incoming revenue for these programs (tuition) was $222,000.

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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 (2022)

Revenue Breakdown

Contributions & Grants $345,445

Program Service Revenue $649,073

Investment Income $7,610

Other Revenue $0

TOTAL REVENUE $1,002,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $487,876

Fundraising Expenses $63,550

Program Expenses $798,841

Other Expenses $579,343

TOTAL EXPENSES $1,067,219

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,002,128	$1,041,049	0.0%
Expenses	$1,067,219	$770,132	+0.4%
Net Income	$-65,091	$270,917	-1.2%

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

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

$66,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diane Dragone	Executive Dir.	40.00	Officer	$66,725	$0	$66,725
Dick Kapash	Director	2.00	Director	$0	$0	$0
William McNicholas	Director	2.00	Director	$0	$0	$0
Lori Zaret	Director	2.00	Director	$0	$0	$0
Nicola Kelly	Treasurer	2.00	Director	$0	$0	$0
Keri Fennell	President	2.00	Director	$0	$0	$0
Robb Stites	Secretary	2.00	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
2023	$1,002,128	$1,067,219	$1,175,040	$-65,091
2022	$1,041,049	$770,132	$1,219,882	$270,917
2021	$615,354	$354,275	$985,501	$261,079
2020	$885,801	$848,952	$363,456	$36,849
2019	$919,867	$852,862	$286,046	$67,005
2018	$896,758	$835,948	$252,752	$60,810