The chickens that flew the coop in 2008 are coming home to roost as 2010 winds down. We're talking about funding for non-profit theaters, of course. The economic collapse two years ago seemed to have little effect on non-profit institutions, the reason being that major foundation and corporate funding commitments are made a year or more in advance. The money for 2009 and even 2010 already was in the pipeline. But now the pipelines are running dry.
In terms of theaters (or dance troupes or musical organizations for that matter), it's often difficult to know if a company is in trouble or not. Putting on a season is the name of the game, not transparency. It's easy to announce plans for a season, and then cancel them later or quickly fold the tent as the sorely-missed Apple Tree Theatre did last year, and as About Face Theatre nearly did (a crash fund-raising effort saved them).