THEATER LATTE DA

EIN: 411908432 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$3,375,500
Total Expenses
$3,906,746
Total Assets
$1,966,511
Net Assets
$518,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
JIMMY W BURNETT
Phone
6123393003
Tax Period
2024-08-01 to 2025-07-31

THEATER LATTE DA, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF THEATER LATTE' DA IS TO CREATE NEW CONNECTIONS BETWEEN STORY, MUSIC, ARTIST AND AUDIENCE BY EXPLORING AND EXPANDING THE ART OF MUSICAL THEATER.

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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 $1,371,018
Program Service Revenue $1,946,449
Investment Income $0
Other Revenue $58,033
TOTAL REVENUE $3,375,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,349,765
Fundraising Expenses $193,177
Program Expenses $3,202,070
Other Expenses $1,556,981
TOTAL EXPENSES $3,906,746

Year-over-Year Comparison

2024 2023 Change
Revenue $3,375,500 $3,032,892 +0.1%
Expenses $3,906,746 $3,726,211 +0.0%
Net Income $-531,246 $-693,319 -0.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
230
Volunteers
325

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
5
$240,671
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GLYN NORTHINGTON CHAIR 5.00
Officer Director
$0 $0 $0
STEPHEN BUBUL BOARD MEMBER 1.00
Director
$0 $0 $0
JIMMY BURNETT BOARD MEMBER 1.00
Director
$0 $0 $0
BRIDGET MOREHEAD TREASURER 1.00
Officer Director
$0 $0 $0
THERESA ALEWINE BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN ARECHAR BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH FORD BOARD MEMBER 1.00
Director
$0 $0 $0
MARCIA AUBINEAU BOARD MEMBER 1.00
Director
$0 $0 $0
ETHAN BERKE BOARD MEMBER 1.00
Director
$0 $0 $0
LES BENDTSEN SECRETARY 1.00
Officer Director
$0 $0 $0
TIFFANY COOPER-ALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL CHOMSKY BOARD MEMBER 1.00
Director
$0 $0 $0
TANNER CURL BOARD MEMBER 1.00
Director
$0 $0 $0
TOYA STEWART BOARD MEMBER 1.00
Director
$0 $0 $0
JUDY JOSSI BOARD MEMBER 1.00
Director
$0 $0 $0
TOM KNABEL BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF LIN BOARD MEMBER 1.00
Director
$0 $0 $0
KA VANG BOARD MEMBER 1.00
Director
$0 $0 $0
LEZLIE TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
FREMAJANE WOLFSON BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM YUST BOARD MEMBER 1.00
Director
$0 $0 $0
ELISA SPENCER-KAPLAN MANAGING DIRECTOR 40.00
Officer
$112,412 $7,321 $119,733
JUSTIN LUCERO ARTISTIC DIRECTOR 40.00
Officer
$115,539 $5,399 $120,938
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 $3,375,500 $3,906,746 $1,966,511 $-531,246
2024 $3,032,892 $3,726,211 $2,229,141 $-693,319
2023 $3,606,643 $3,999,882 $2,816,093 $-393,239
2022 $4,374,930 $3,161,930 $3,395,024 $1,213,000
2021 $1,092,572 $1,066,025 $1,991,726 $26,547
2020 $2,759,901 $2,623,884 $1,955,624 $136,017
2019 $3,132,580 $2,992,535 $1,886,212 $140,045
2018 $2,336,714 $2,365,047 $1,588,226 $-28,333
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