Burnon Inc dba Rubicon Theatre Com… - Form 990 Financial Data

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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

To share the power and joy of live theatre through the creation, production, and presentation of innovative works for local and national audiences; and through high-quality education and enrichment programs.

Program Service Accomplishments

Program 1

Expenses: $1,874,058 Revenue: $912,406

The organization presents a mainstage season of classic and contemporary dramas and comedies, including world premieres, for the entertainment and enrichment of residents and visitors to the...

The organization presents a mainstage season of classic and contemporary dramas and comedies, including world premieres, for the entertainment and enrichment of residents and visitors to the community. In this fiscal year, the company produced a landmark production of In the Heights directed by Luis Salgado (part of the Tony Award-winning Broadway production), A Lonesome Traveler Christmas, The Realistic Joneses (in collaboration with Gare St Ireland and Laguna Playhouse), and the world premiere developmental production of Dark of the Moon.The organization also presented the new Ventura LIVE! series which included concerts, comedy and other variety performances to expand and build audiences and to make the theatre more of a community hub.

Program 2

Expenses: $624,686 Revenue: $78,889

Rubicon expanded the company's educational offerings during this season. A record number of participants engaged in Rubicon's summer education camps and intensives. The four programs for students...

Rubicon expanded the company's educational offerings during this season. A record number of participants engaged in Rubicon's summer education camps and intensives. The four programs for students ages 6 - 22 included the Stinky Feet Theatre Project, Middle School Musical Theatre, Fearless Shakespeare and Young Adult Musical Theatre. These programs returned to Rubicon after having been produced outside for the past two seasons on the campus of Villanova Prep School in Ojai. Student matinees at the theatre continued with Dark of the Moon and In the Heights; however, for the latter, Rubicon cast members also presented on-site school assemblies in Ventura and Oxnard Unified School Districts. The cast also broke into small groups and went into classrooms with specially developed curricula around the themes and issues in the play. Rubicon reached 5,200 students with this program alone.

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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