Three Bone Theatre Inc

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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

2012

Legal Domicile

Principal Officer

Rebecca Schultz

Phone

7045599051

Tax Period

2024-11-01 to 2025-10-31

Three Bone Theatre Inc, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 26% operating margin.

Mission

To use great theatre as a catalyst for conversation and change in the community.

Program Service Accomplishments

Program 1

Expenses: $161,362 Revenue: $72,430

45 performances across four mainstage productions and one special event. Included the regional premieres of Jajas African Hair Braiding, Mary Jane, what the end will be, and Electricidad. Also...

45 performances across four mainstage productions and one special event. Included the regional premieres of Jajas African Hair Braiding, Mary Jane, what the end will be, and Electricidad. Also includes a special engagement with the City of Charlotte to improve the black box theatre at The Arts Factory. Reached more than 2,700 patrons and worked with 58 individual artists.

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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 $260,034

Program Service Revenue $66,000

Investment Income $17

Other Revenue $6,429

TOTAL REVENUE $332,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,239

Fundraising Expenses $968

Program Expenses $161,362

Other Expenses $130,302

TOTAL EXPENSES $246,541

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,480	$247,142	+0.3%
Expenses	$246,541	$174,042	+0.4%
Net Income	$85,939	$73,100	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Schultz	Executive Dir.	15.00	Officer Director	$0	$0	$0
Kamille Bostick	Director	2.00	Director	$0	$0	$0
Jackie Fishman	Director	2.00	Director	$0	$0	$0
Marcela Pansini	Director	2.00	Director	$0	$0	$0
Octavia Seawell	Chairman	2.00	Officer Director	$0	$0	$0
Mason Hurley	Treasurer	2.00	Officer Director	$0	$0	$0
Nehemiah Lawson	Director	2.00	Director	$0	$0	$0
Maggie Mitchem-Flannigan	Director	2.00	Director	$0	$0	$0
Kelsey Rector	Director	2.00	Director	$0	$0	$0
Rebecca Sistruck	Secretary	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	$332,480	$246,541	$390,615	$85,939
2024	$247,142	$174,042	$318,341	$73,100