Burnon Inc dba Rubicon Theatre Company (EIN 770495901) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

Doug Halter

Phone

8056672900

Tax Period

2023-10-01 to 2024-09-30

Burnon Inc dba Rubicon Theatre Company, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 35% operating margin.

Mission

The organization's mission is to provide innovative, first-rate professional theatrical productions, festivals, special events and education programs for the enrichment, entertainment and education of the region's residents and visitors.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,880,682

Program Service Revenue $991,295

Investment Income $2,020

Other Revenue $2,270

TOTAL REVENUE $4,876,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,220,043

Fundraising Expenses $290,194

Program Expenses $2,498,744

Other Expenses $1,962,575

TOTAL EXPENSES $3,182,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,876,267	$2,832,708	+0.7%
Expenses	$3,182,618	$3,721,996	-0.1%
Net Income	$1,693,649	$-889,288	-2.9%

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

133

Volunteers

135

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

$192,272

Total Directors

$192,272

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karyl Lynn Burns	Producing Artistic Director	40.00	Officer Director	$188,310	$3,962	$192,272
Doug Halter	President	12.00	Officer Director	$0	$0	$0
Jeanne Adams	Vice President	4.00	Officer Director	$0	$0	$0
Stephanie Zierhut	Secretary/Treasurer	4.00	Officer Director	$0	$0	$0
Claire Bowman	Director	2.00	Director	$0	$0	$0
Michael Jackowitz	Director	2.00	Director	$0	$0	$0
Brad Setser	Director	2.00	Director	$0	$0	$0
Moustapha Abousambra	Director	2.00	Director	$0	$0	$0
Erik Feingold	Director	2.00	Director	$0	$0	$0
Abra Pilar Flores	Director	2.00	Director	$0	$0	$0
Jeffrey Grove	Director	2.00	Director	$0	$0	$0
Mary Jarvis	Director (end 11/23)	2.00	Director	$0	$0	$0
Kelly-Marie Jones	Director	2.00	Director	$0	$0	$0
Matt Marquis	Director	2.00	Director	$0	$0	$0
Richard Reisman	Director	2.00	Director	$0	$0	$0
David Simpson	Director	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	$4,876,267	$3,182,618	$4,620,331	$1,693,649
2023	$2,832,708	$3,721,996	$3,421,037	$-889,288
2022	$2,912,783	$2,469,361	$4,664,700	$443,422
2021	$2,076,889	$1,006,007	$3,463,324	$1,070,882
2020	$2,775,267	$2,540,203	$1,679,370	$235,064
2019	$2,307,152	$2,269,261	$1,306,361	$37,891
2018	$1,830,311	$2,019,581	$1,115,102	$-189,270

Burnon Inc dba Rubicon Theatre Company