LAKE TAHOE SHAKESPEARE FESTIVAL

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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

1995

Legal Domicile

Principal Officer

BOB TAYLOR

Phone

7758321616

Tax Period

2023-01-01 to 2023-12-31

LAKE TAHOE SHAKESPEARE FESTIVAL, founded in 1995, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2023. The organization ran a surplus of $879K, a strong 24% operating margin.

Mission

THE MISSION OF LAKE TAHOE SHAKESPEARE FESTIVAL IS TO ENRICH OUR COMMUNITY BY PROVIDING THE HIGHEST QUALITY THEATRICAL AND CULTURAL PRODUCTIONS FOR THE RESIDENTS OF THE GREATER LAKE TAHOE AREA AND VISITORS FROM ALL OVER THE WORLD. WE ALSO PROVIDE MEANINGFUL EDUCATIONAL EXPERIENCES FOR YOUTH BY OFFERING THEATRICAL OUTREACH PROGRAMS THROUGHOUT OUR REGION.

Program Service Accomplishments

Program 1

Expenses: $1,938,669 Revenue: $1,964,287

SHAKESPEARE AT LAKE TAHOE DRAWS THOUSANDS OF TOURISTS EACH YEAR TO THE LOCAL AREA TO SEE THE PRODUCTION OF SHAKESPEAREAN PLAYS.

Program 2

Expenses: $26,171 Revenue: $7,750

YOUNG SHAKESPEARE, INTERACT AND CAMP ARE PROGRAMS DESIGNED AS AN OUTREACH OF EDUCATION TO CHILDREN, EXPOSING THEM TO SHAKESPEARE AND THE IMPORTANCE OF THEATRE, MUSIC AND ART IN THEIR EVERYDAY LIVES.

Program 3

Revenue: $65,408

NUMEROUS ARTISTIC AND MUSICAL PERFORMANCES ARE PRESENTED TO THE GENERAL PUBLIC DURING THE COURSE OF THE YEAR OUTSIDE OF THE SHAKESPEARE FESTIVAL, ALLOWING ADDITIONAL EXPOSURE TO CULTURAL EVENTS.

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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 $1,619,627

Program Service Revenue $1,822,532

Investment Income $141,108

Other Revenue $73,805

TOTAL REVENUE $3,657,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $925,012

Fundraising Expenses $27,591

Program Expenses $1,964,840

Other Expenses $1,852,975

TOTAL EXPENSES $2,777,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,657,072	$3,572,759	+0.0%
Expenses	$2,777,987	$3,203,492	-0.1%
Net Income	$879,085	$369,267	+1.4%

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

108

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CHAMBERLAIN	DIRECTOR	0.50	Director	$0	$0	$0
VICKI MCGOWEN	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA ENGELS	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
ATAM LALCHANDANI	DIRECTOR	0.50	Director	$0	$0	$0
KATHARINE ELEK	TREASURER	0.50	Officer Director	$0	$0	$0
DAVID LOURY	DIRECTOR	0.50	Director	$0	$0	$0
PATTY JANSEN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
AMANDA FLANGAS	SECRETARY	0.50	Officer Director	$0	$0	$0
DEBORAH LENZI	DIRECTOR	0.50	Director	$0	$0	$0
SORAYA AGUIRRE	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER CUNNINGHAM	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HURST	DIRECTOR	0.50	Director	$0	$0	$0
KAREN MEYER	DIRECTOR	0.50	Director	$0	$0	$0
PAULA GARAVAGLIA	DIRECTOR	0.50	Director	$0	$0	$0
COLLEEN MURATORE	DIRECTOR	0.50	Director	$0	$0	$0
JANET LOWE	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH SEMINETTA	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$3,657,072	$2,777,987	$4,907,335	$879,085
2022	$3,572,759	$3,203,492	$3,799,165	$369,267
2021	$3,281,059	$1,886,871	$4,245,960	$1,394,188
2020	$646,607	$887,362	$2,222,481	$-240,755
2019	$2,614,384	$2,405,051	$2,386,698	$209,333
2018	$2,479,657	$2,206,729	$1,853,076	$272,928