THE INDEPENDENT SHAKESPEARE CO 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

2004

Legal Domicile

Principal Officer

DAVID MELVILLE

Phone

8187106306

Tax Period

2024-01-01 to 2024-12-31

THE INDEPENDENT SHAKESPEARE CO INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $619K, a strong 38% operating margin.

Mission

WE BRING LOS ANGELES TOGETHER THROUGH EXUBERANT, SURPRISING PRODUCTIONS OF CLASSICAL PLAYS AS WELL AS NEW WORKS. WE ADDRESS THE INEQUITY OF ACCESS TO THE PERFORMING ARTS THROUGH FREE AND LOW-COST PROGRAMMING. WE CREATE THEATER THAT IS DYNAMIC, INCLUSIVE AND ACCESSIBLE; ENRICHING OUR COMMUNITY AND REACHING NEW THEATER AUDIENCES.

Program Service Accomplishments

Program 1

Expenses: $394,194 Revenue: $33,720

GRIFFITH PARK FREE SHAKESPEARE FESTIVAL - 40 PERFORMANCES WERE PRESENTED FREE TO AUDIENCES: AS YOU LIKE IT BY WILLIAM SHAKESPEARE. APPROXIMATELY 25,000 INDIVIDUALS ATTENDED.

Program 2

Expenses: $230,853 Revenue: $61,242

STUDIO PRODUCTIONS - THE ORGANIZATION PRESENTED THE FOLLOWING PRODUCTIONS AT THE INDOOR STUDIO THEATER: HAMLET, SOLUS ADAPTED BY DAVID MELVILLE HAD 12 PERFORMANCES AND APPROXIMATELY 375 ATTENDED...

STUDIO PRODUCTIONS - THE ORGANIZATION PRESENTED THE FOLLOWING PRODUCTIONS AT THE INDOOR STUDIO THEATER: HAMLET, SOLUS ADAPTED BY DAVID MELVILLE HAD 12 PERFORMANCES AND APPROXIMATELY 375 ATTENDED. HAPPY DAYS BY SAMUEL BECKETT HAD 14 PERFORMANCES AND APPROXIMATELY 450 ATTENDED. A CHRISTMAS CAROL WITH CHARLES DICKENS HAD 14 PERFORMANCES AND APPROXIMATELY 800 ATTENDED. THE ORGANIZATION ALSO HOSTED IAMBIC LAB, A SERIES OF WORKSHOPS, READINGS, AND SALONS.

Program 3

Expenses: $9,578 Revenue: $28,180

EDUCATIONAL PROGRAMS - IN THE COMMUNITY, THE ORGANIZATION HOLDS STUDIO CLASSES IN SCENE STUDY FOR PROFESSIONAL AND NONPROFESSIONAL ACTORS. IT EXECUTED CURRICULUM AND WORKSHOPS. THE ORGANIZATION ALSO HOSTED PLAYERS IN THE PARK, A FAMILY WORKSHOP PRESENTED BEFORE SELECT PERFORMANCES OF THE GRIFFITH PARK FREE SHAKESPEARE FESTIVAL, WHICH WAS ATTENDED BY APPROXIMATELY 65 PEOPLE.

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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 $1,505,709

Program Service Revenue $123,142

Investment Income $0

Other Revenue $-2,925

TOTAL REVENUE $1,625,926

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $557,783

Fundraising Expenses $80,310

Program Expenses $634,625

Other Expenses $417,512

TOTAL EXPENSES $1,007,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,625,926	$957,272	+0.7%
Expenses	$1,007,295	$945,363	+0.1%
Net Income	$618,631	$11,909	+50.9%

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

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

$186,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MELVILLE	MANAGING DIRECTOR	45	Officer	$84,437	$11,525	$95,962
MELISSA CHALSMA	ARTISTIC DIRECTOR	45	Officer	$79,492	$11,525	$91,017
JOHN BAUMAN	DIRECTOR	1	Director	$0	$0	$0
JOEL CARNES	DIRECTOR	1	Director	$0	$0	$0
ELIZABETH DENNEHY	DIRECTOR	1	Director	$0	$0	$0
BOBBY ESNARD	DIRECTOR	1	Director	$0	$0	$0
PAULINE MAURO	DIRECTOR (THRU JUNE)	4	Director	$0	$0	$0
ERIC MUHLHEIM	DIRECTOR (THRU APRIL)	1	Director	$0	$0	$0
BRIDGET MURPHY STOKES	DIRECTOR	2	Director	$0	$0	$0
DALE NELSON	DIRECTOR	1	Director	$0	$0	$0
BUKOLA OGUNMOLA	DIRECTOR	1	Director	$0	$0	$0
CORISSA PACILLAS SMITH	DIRECTOR	2	Director	$0	$0	$0
NIKHIL PAI	DIRECTOR (THRU APRIL)	1	Director	$0	$0	$0
SUZANNE PRESCOTT	DIRECTOR	2	Director	$0	$0	$0
GILL WAGNER	DIRECTOR	1	Director	$0	$0	$0
LARA PRANGER	PRESIDENT	3	Officer Director	$0	$0	$0
PAUL MAJOR	SECRETARY	2	Officer Director	$0	$0	$0
MAURICE COUSER	TREASURER	2	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
2024	$1,625,926	$1,007,295	$870,631	$618,631
2023	$957,272	$945,363	$260,642	$11,909
2022	$1,009,131	$842,333	$230,796	$166,798
2021	$652,267	$740,877	$118,867	$-88,610
2020	$633,864	$542,582	$142,504	$91,282
2019	$759,287	$784,985	$50,941	$-25,698
2018	$772,535	$823,560	$82,540	$-51,025