In early 2005, the new executive director announced that the Festival was about $140,000 in debt—enough to put the Festival's continued existence in jeopardy. Supporters responded; and in two seasons, 65% of that debt was eliminated.
The Festival faced a significant financial challenge in early 2005, with a $140,000 deficit threatening its long-term viability. However, supporters intervened to address the issue, and within two seasons, they successfully reduced the debt by 65%.