Fans of the Minnesota Orchestra have every reason to breathe easier these days. Osmo Vänskä is back as music director, eager to rediscover the orchestra's virtuosity.
"Collaboration" is the new mantra among board leaders. The community has rarely been this focused on the 111-year-old orchestra and all stakeholders — still feeling the trauma of a 16-month lockout of musicians — appear to have the will to rebuild.
Yet financial realities that extend from ticket sales to fundraising to endowment health remain issues for an organization that also needs a new CEO.
"This is like a thousand-piece puzzle we all must put together," Vänskä said recently, as he talked about getting to work.
The orchestra has reported three straight years of deficits (including last year's abnormal results during the lockout). Balanced budgets in previous years were the result of extraordinary draws from a $58 million endowment that is slowly being rebuilt (total investments including trusts are $147 million).
Lee Henderson, a Minneapolis attorney who became an opinion leader for orchestra fans during the labor dispute, said that the quality of the orchestra clearly will get better and better, "but that doesn't solve the economics that were there at the beginning and haven't gone away."
"The greatest challenge is to get all this enthusiasm focused in a positive direction," said Paul DeCosse, co-founder of the citizen group Orchestrate Excellence. "If we don't create common ground, the danger I see is that we could charge off in different directions."
Contributed funds, comprising about 30 percent of the annual budget, saw a small spike following the rehiring of Vänskä. However, several key corporate leaders left the board after CEO Michael Henson was eased into a resignation. Whether those leaders have taken their money with them — and whether it can be replaced — will not be known until the fiscal year ends in August.