GREAT LAKES THEATER FESTIVAL INC (EIN 340901212) - 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

1962

Legal Domicile

Principal Officer

BRIAN BARASCH

Phone

2162415490

Tax Period

2024-07-01 to 2025-06-30

GREAT LAKES THEATER FESTIVAL INC, founded in 1962, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.7M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $5.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO SHARE THE PLEASURE, POWER AND RELEVANCE OF LIVE THEATER THROUGH MAIN STAGE PRODUCTIONS AND EDUCATIONAL PROGRAMS OF THE HIGHEST QUALITY.

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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 $1,537,725

Program Service Revenue $2,864,575

Investment Income $285,838

Other Revenue $16,425

TOTAL REVENUE $4,704,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,102,460

Fundraising Expenses $266,232

Program Expenses $4,456,575

Other Expenses $2,105,449

TOTAL EXPENSES $5,207,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,704,563	$5,246,862	-0.1%
Expenses	$5,207,909	$5,218,245	0.0%
Net Income	$-503,346	$28,617	-18.6%

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

191

Volunteers

100

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

$210,278

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE ARENDT	TRUSTEE	1.00	Director	$0	$0	$0
WALTER AVDEY	TRUSTEE	1.00	Director	$0	$0	$0
DALIA BAKER	TRUSTEE	1.00	Director	$0	$0	$0
GARY BENZ	TRUSTEE	1.00	Director	$0	$0	$0
KIP BOLLIN	TRUSTEE	1.00	Director	$0	$0	$0
TODD BURGER	TRUSTEE	1.00	Director	$0	$0	$0
RYAN CALLENDER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM CASTER	TRUSTEE	1.00	Director	$0	$0	$0
GAIL CUDAK	TRUSTEE	1.00	Director	$0	$0	$0
ANTHEA DANIELS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER DEAN	TRUSTEE	1.00	Director	$0	$0	$0
CAROL DOLAN	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY DOWNING	TRUSTEE	1.00	Director	$0	$0	$0
MOLLIE EARDLEY	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD EPSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
DIANNE FOLEY	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR HALL	TRUSTEE	1.00	Director	$0	$0	$0
DAVID HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
M ELIZABETH HUBER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT JAMES	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
FAISAL KHAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LEBOLD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MAIORANA	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MCGRATH	TRUSTEE	1.00	Director	$0	$0	$0
JANET NEARY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL NOVAK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PETERMAN	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY PRIBULSKY	TRUSTEE	1.00	Director	$0	$0	$0
UMA RAJESHWAR	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS STAFFORD	TRUSTEE	1.00	Director	$0	$0	$0
SALLY STALEY	TRUSTEE	1.00	Director	$0	$0	$0
DIANA STROMBERG	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE TESAR	TRUSTEE	1.00	Director	$0	$0	$0
ARTHUR THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
NANCY WELLENER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER WOOLEY	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL HARTWELL	CHAIR/TRUSTEE	1.00	Officer Director	$0	$0	$0
ELIZABETH GROVE	SECRETARY/TRUSTEE	1.00	Officer Director	$0	$0	$0
KIM BIXENSTINE	PRESIDENT/TRUSTEE	1.00	Officer Director	$0	$0	$0
CHARLES MAIMBOURG	TREASURER/TRUSTEE	1.00	Officer Director	$0	$0	$0
CHARLES FEE	PROD ARTISTIC DIRECTOR	20.00	Officer	$133,694	$0	$133,694
ROBERT TAYLOR	EXECUTIVE DIRECTOR	30.00	Officer	$29,025	$0	$29,025
SARA BRUNER	PROD ARTISTIC DIRECTOR	20.00	Officer	$29,867	$0	$29,867
BRIAN BARASCH	EXECUTIVE DIRECTOR	30.00	Officer	$17,692	$0	$17,692

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	$4,704,563	$5,207,909	$7,098,805	$-503,346
2024	$5,246,862	$5,218,245	$7,524,619	$28,617
2023	$4,595,242	$4,958,174	$8,045,129	$-362,932
2022	$4,972,488	$3,809,960	$6,916,721	$1,162,528
2021	$2,334,820	$1,370,756	$6,630,791	$964,064

GREAT LAKES THEATER FESTIVAL INC