The Guthrie Theater said it ended with a deficit of nearly $438,000 for its 2012-2013 season, the Pioneer Press reported.
The Guthrie's budget was $27 million for 2012-2013, about $2 million less from previous season.
Vowing the deficit will be "the last one we'll have for a long time," artistic director Joe Dowling told the Pioneer Press that the shortfall came after the theater "took some chances, artistically" that "didn't quite make it in the end."
According to the theater, the Guthrie's annual gifts from donors and endowment increased during the 2012-2013 season, largely because of the event surrounding the revered regional theater's 50th anniversary. Ticket sales were down, however, about 50,000 to 375,702.
Vita.mn said the shortfall marked the theater's first operating deficit in 19 years. The 1993-94 season ended with a $18,203 shortfall, which came after a $438,000 deficit the year before.
Dowling counts such productions as “Pride and Prejudice,” which starred Minnesota native Vincent Kartheiser, as well "Clybourne Park" and “The Servant of Two Masters," as winners.
According to Vita.mn, Dowling said he was disappointed by the attendance of the Eugene O'Neill classic "A Long Day's Journey Into Night," which did not reach its budget.
Dowling told the publication that "Helen Carey gave a monumental performance" and he's "sad that it was not seen by the multitudes."
Despite the deficit, Dowling doesn't consider 2012-13 "a bad season."
"I feel very pleased that we did what we did and very proud of the work we were able to do," Dowling told the Pioneer Press.