RED BARN ACTORS STUDIO INC

EIN: 592214641 501(c)(3) Arts, Culture & Humanities

KEY WEST, FL

Total Revenue
$640,719
Total Expenses
$630,301
Total Assets
$326,119
Net Assets
$132,412
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
FL
Principal Officer
MARILYN MCDONALD
Phone
3052969911
Tax Period
2024-11-01 to 2025-10-31

RED BARN ACTORS STUDIO INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $641K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE MISSION IS TO PROVIDE CONSISTENT PROFESSIONAL OPPORTUNITIES IN A CREATIVE, NURTURING ENVIRONMENT FOR ALL ARTISTS FROM ACROSS THE UNITED STATES. THE BARN COMMITS ITSELF TO CONTINUING THE LITERARY HERITAGE THAT MONROE COUNTY OFFERS BY PRODUCING NEW WORKS, RETAINING A COMMITTED TALENT POOL FOR OUR COMMUNITY AND PROVIDING EDUCATIONAL OPPORTUNITIES FOR THEATRE ARTISTS OF ALL AGES, RACE, NATIONALITY AND SEXUAL ORIENTATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $254,048
Program Service Revenue $373,087
Investment Income $13,550
Other Revenue $34
TOTAL REVENUE $640,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $346,318
Fundraising Expenses $0
Program Expenses $525,868
Other Expenses $283,983
TOTAL EXPENSES $630,301

Year-over-Year Comparison

2024 2023 Change
Revenue $640,719 $572,642 +0.1%
Expenses $630,301 $613,357 +0.0%
Net Income $10,418 $-40,715 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
43
Volunteers
N/A

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
3
$59,613
Total Directors
11
$156,602
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARILYN MCDONALD VP & MGR DIR 25.00
Officer Director
$59,613 $0 $59,613
ROBERT G MCDONALD Technical Dir. 20.00
Director
$50,086 $0 $50,086
JOY HAWKINS ARTISTIC DIR. 15.00
Director
$46,903 $0 $46,903
KIM WORKS President 2.00
Officer Director
$0 $0 $0
MICHELLE GRAHL Director 2.00
Director
$0 $0 $0
MICHAEL NAUGHTON Director 1.00
Director
$0 $0 $0
BOB BOWERSOX Director 1.00
Director
$0 $0 $0
MICHELLE CHENNAULT Director 1.00
Director
$0 $0 $0
Richard Klitnick Director 1.00
Director
$0 $0 $0
JANE GARDNER Director 1.00
Director
$0 $0 $0
TANNA KINERY JONES Secretary 1.00
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 $640,719 $630,301 $326,119 $10,418
2024 $572,642 $613,357 $294,523 $-40,715
2023 $529,481 $566,601 $264,220 $-37,120
2022 $466,629 $461,462 $231,457 $5,167
2021 $412,797 $210,864 $183,658 $201,933
2021 $412,797 $210,864 $183,658 $201,933
2020 $366,227 $454,102 $92,881 $-87,875
2019 $467,111 $456,066 $112,790 $11,045
2018 $435,376 $414,610 $113,100 $20,766
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