OLD GLOBE THEATRE (EIN 951543396) - 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

1937

Legal Domicile

Principal Officer

TIM SHIELDS

Phone

6192311941

Tax Period

2024-01-01 to 2024-12-31

OLD GLOBE THEATRE, founded in 1937, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $33.2M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $37.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

AS ONE OF THE NATION'S LEADING PROFESSIONAL REGIONAL THEATRES AND ONE OF SAN DIEGO'S LARGEST ARTS INSTITUTIONS, THE TONY AWARD-WINNING OLD GLOBE HAS SERVED THE SAN DIEGO REGION SINCE 1937 WHEN A POPULAR VENUE FOR SHAKESPEARE'S WORK AT THE 1935-36 CALIFORNIA PACIFIC INTERNATIONAL EXPOSITION IN BALBOA PARK WAS ESTABLISHED AS A PERMANENT OPERATION. THE OLD GLOBE PRODUCES A YEAR-ROUND SEASON OF 15 OR MORE PLAYS AND MUSICALS, INCLUDING WORLD PREMIERES, MODERN CLASSICS, NEW WORKS, BROADWAY-BOUND PRODUCTIONS AND THE HIGHLY-REGARDED SUMMER SHAKESPEARE FESTIVAL. IN ADDITION TO THE ARTISTIC PROGRAMMING ON ITS THREE STAGES, WITH AUDIENCE CAPACITIES OF 600/600/250, THE GLOBE OFFERS A WIDE RANGE OF ARTS ENGAGEMENT AND HUMANITIES PROGRAMS THAT CONTRIBUTE TO THE GROWTH AND EDUCATION OF AUDIENCES AND THE COMMUNITY AT LARGE.

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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 $15,862,222

Program Service Revenue $15,111,736

Investment Income $1,919,669

Other Revenue $267,932

TOTAL REVENUE $33,161,559

Expense Breakdown

Grants Paid $871,061

Salaries & Benefits $21,501,013

Fundraising Expenses $2,890,352

Program Expenses $29,308,727

Other Expenses $14,091,436

TOTAL EXPENSES $36,986,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,161,559	$27,693,543	+0.2%
Expenses	$36,986,491	$36,847,607	+0.0%
Net Income	$-3,824,932	$-9,154,064	-0.6%

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

795

Volunteers

1632

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

$1,987,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON VALENTINE	BOARD MEMBER	4.00	Director	$0	$0	$0
ANN DAVIES	PAST CHAIR, EX-OFFICIO	6.00	Director	$0	$0	$0
CASSANDRA WEINLEIN	BOARD MEMBER	4.00	Director	$0	$0	$0
CHRISTIAN BUCKLEY	BOARD MEMBER, FINANCE CHAIR	8.00	Director	$0	$0	$0
CHRISTINE ROBERTS TRIMBLE	BOARD MEMBER	4.00	Director	$0	$0	$0
DAPHNE H JAMESON	BOARD MEMBER	4.00	Director	$0	$0	$0
DAVID JAY OHANIAN	BOARD MEMBER	4.00	Director	$0	$0	$0
DEBRA TURNER	BOARD MEMBER	4.00	Director	$0	$0	$0
DEIRDRA PRICE	BOARD MEMBER	4.00	Director	$0	$0	$0
DIRK HARRIS	BOARD MEMBER	4.00	Director	$0	$0	$0
DONALD L COHN	PAST CHAIR, EX-OFFICIO	6.00	Director	$0	$0	$0
ELAINE BENNETT DARWIN	BOARD MEMBER, PHILANTHROPY CHAIR	8.00	Director	$0	$0	$0
ELEANOR Y CHARLTON	BOARD MEMBER	4.00	Director	$0	$0	$0
EVELYN OLSON LAMDEN	IMMEDIATE PAST CHAIR	8.00	Director	$0	$0	$0
GEORGE S DAVIS	BOARD MEMBER	4.00	Director	$0	$0	$0
HAROLD W FUSON JR	PAST CHAIR, EX-OFFICIO	6.00	Director	$0	$0	$0
JEAN SHEKHTER	BOARD MEMBER	4.00	Director	$0	$0	$0
JEFF HUGHES	BOARD MEMBER	4.00	Director	$0	$0	$0
JENNIFER GREENFIELD	BOARD MEMBER	4.00	Director	$0	$0	$0
JULES ARTHUR	BOARD MEMBER	4.00	Director	$0	$0	$0
KAREN L SEDGWICK	BOARD MEMBER, AUDIT CHAIR	8.00	Director	$0	$0	$0
KAREN TANZ	BOARD MEMBER	4.00	Director	$0	$0	$0
KARIN WINNER	BOARD MEMBER	4.00	Director	$0	$0	$0
KEVEN LIPPERT	BOARD MEMBER	4.00	Director	$0	$0	$0
MARGARITA WILKINSON	BOARD MEMBER	4.00	Director	$0	$0	$0
MARK DELFINO	BOARD MEMBER	4.00	Director	$0	$0	$0
MONICA MEDINA	BOARD MEMBER	4.00	Director	$0	$0	$0
NICOLE A CLAY	BOARD MEMBER, NOMINATING CHAIR	8.00	Director	$0	$0	$0
NISHMA HELD	BOARD MEMBER	4.00	Director	$0	$0	$0
NOELLE NORTON PHD	BOARD MEMBER	4.00	Director	$0	$0	$0
PAMELA A FARR	BOARD MEMBER, INVESTMENT CHAIR	8.00	Director	$0	$0	$0
PAMELA HAMILTON LESTER	BOARD MEMBER	4.00	Director	$0	$0	$0
PAMELA J WAGNER	BOARD MEMBER	4.00	Director	$0	$0	$0
PETER LANDIN	BOARD MEMBER	4.00	Director	$0	$0	$0
RICH BRENNER	BOARD MEMBER	4.00	Director	$0	$0	$0
SANDRA REDMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
SILVIJA DEVINE	BOARD MEMBER (THRU 8/24)	4.00	Director	$0	$0	$0
SUE SANDERSON	BOARD MEMBER	4.00	Director	$0	$0	$0
SUSAN HOEHN	BOARD MEMBER	4.00	Director	$0	$0	$0
TERRY ATKINSON	BOARD MEMBER	4.00	Director	$0	$0	$0
VALERIE ATTISHA	BOARD MEMBER	4.00	Director	$0	$0	$0
VICKI L ZEIGER	PAST CHAIR, EX-OFFICIO	6.00	Director	$0	$0	$0
VLADIMIR VLAD VICTORIO	BOARD MEMBER	4.00	Director	$0	$0	$0
GEORGE C GUERRA	BOARD CHAIR	15.00	Officer Director	$0	$0	$0
PAULA POWERS	SECRETARY	8.00	Officer Director	$0	$0	$0
ANTHONY S THORNLEY	TREASURER	8.00	Officer Director	$0	$0	$0
ALEX ORBOVICH	GENERAL MANAGER	40.00	Officer	$145,824	$17,247	$163,071
BARRY EDELSTEIN	ARTISTIC DIRECTOR	40.00	Officer	$520,531	$102,841	$623,372
DAVID HENSON	DIRECTOR OF MARKETING	40.00	Officer	$207,058	$6,212	$213,270
MICHELLE YEAGER	DIRECTOR OF FINANCE	40.00	Officer	$196,341	$15,733	$212,074
ROBERT DRAKE	SENIOR PRODUCER	40.00	Officer	$166,412	$15,172	$181,584
TIM SHIELDS	MANAGING DIRECTOR	40.00	Officer	$498,832	$95,501	$594,333
BENJAMIN THORON	PRODUCTION MANAGER	40.00	Highest	$129,639	$18,166	$147,805
BRIDGET CANTU-WEAR	DEPUTY DIRECTOR OF PHILANTHROPY	40.00	Highest	$119,013	$13,722	$132,735
DEAN M YAGER	INFORMATION TECHNOLOGY DIRECTOR	40.00	Highest	$137,493	$14,709	$152,202
JAMILA Y DEMBY	DIRECTOR OF EDIA	40.00	Highest	$121,348	$13,569	$134,917
SANDY PARDE	DIRECTOR OF HR	40.00	Highest	$118,875	$4,676	$123,551

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	$33,161,559	$36,986,491	$69,563,987	$-3,824,932
2023	$27,693,543	$36,847,607	$74,122,919	$-9,154,064
2022	$34,219,671	$39,263,557	$81,721,511	$-5,043,886
2021	$29,916,512	$23,529,312	$87,825,720	$6,387,200
2020	$16,473,770	$15,948,051	$79,168,056	$525,719
2019	$95,555,302	$60,848,667	$76,909,174	$34,706,635
2018	$25,942,144	$28,227,354	$43,244,548	$-2,285,210

OLD GLOBE THEATRE