Structural Deficit
What does this mean?
Persistently low financial health over 5 years despite strong programmatic output. They are borrowing from their future (or bleeding an endowment) to pay for today's programs.
The Path Forward
The Truth-Teller
Forces necessary, painful cuts to preserve the core. It demands that the organization stop borrowing from its future and align its current programmatic output with actual sustainable revenue.
Institutional Epochs
Historical Performance
| Year | Revenue | Top Comp | Comp % Rev | Score | Phase Label | Outlook | Details |
|---|---|---|---|---|---|---|---|
| 2024 | Hidden | Hidden | — | — | Unknown | — | |
| 2023 | — | — | 12.2% | 31 | Critical Intervention Needed | Recovery | |
| 2022 | — | — | 15.4% | 37 | Fragile | Recovery | |
| 2021 | — | — | 7.3% | 36 | Financially Distressed | Recovery | |
| 2020 | — | — | 18.2% | 37 | Fragile | Gov Risk | |
| 2019 | — | — | 9.3% | 42 | Fragile | Recovery | |
| 2018 | — | — | 5.7% | 38 | Financially Distressed | Decline Risk | |
| 2017 | — | — | 3.8% | 49 | Fragile | Recovery | |
| 2016 | — | — | 5.6% | 38 | Financially Distressed | Decline Risk | |
| 2015 | — | — | 4.6% | 49 | Fragile | Decline Risk | |
| 2014 | — | — | 4.0% | 51 | Fragile | Recovery | |
| 2013 | — | — | 5.6% | 44 | Fragile | Stable Watch | |
| 2012 | — | — | 5.2% | 44 | Fragile | Stable Watch | |
| 2011 | — | — | 5.5% | 44 | Fragile | Stable Watch |
Officer compensation history
Tax year 2025
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| FRANCISCO J NUNEZ | Board President | 5.1% of Rev | ||
| NANCY BLOOM | EX-OFFICIO | 2.5% of Rev | ||
| ELIZABETH NUNEZ | Artistic Director | 2.5% of Rev | ||
| BRUCE APPEL | Treasurer | 2.1% of Rev | ||
| JB HARRISON | Board Member | — | ||
| ADAM D CHINN | Board Member | — | ||
| ROBERT NEIS | Board Member | — | ||
| VIKRAM ATAL | Board Member | — | ||
| HIROKO ONOYAMA | Board Member | — | ||
| MICHAEL FRACCARO | Board Member | — | ||
| DEBORAH MCMANUS | Board Member | — | ||
| PHILIP H LOVETT | Board President | — | ||
| JEREMY WLADIS | Board Member | — | ||
| ADAM ZIRKIN | Board Member | — | ||
| FRANCIS J HARVEY JR | Board Member | — | ||
| MARTIN KEHOE | Board Member | — | ||
| DUSTY PHILIP | Board Member | — | ||
| MARC SUSKIN | Board Member | — | ||
| KLAUS METZ | Board Member | — | ||
| NATOYA BROWN | Board Member | — | ||
| EVAN TROST | Board Member | — | ||
| ANEESA FOLDS | Board Member | — | ||
| JANE MOSS | Treasurer | — | ||
| JODY STEINGLASS | Board Member | — | ||
| BRAD BLACKMON | Board Member | — | ||
| LUCRECIA BORGONOVO | Board Member | — | ||
| ROYCE CHEN | Board Member | — | ||
| CAROLINA ESQUENAZI-SHAIO | Board Member | — | ||
| LINDSAY FORBES | Board Member | — | ||
| COSMO ROE | Board Member | — | ||
| LISA TEPPER | Board Member | — |
Tax year 2023
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| FRANCISCO J NUNEZ | Board President | 5.2% of Rev | ||
| LEONIE KRUIZENGA | CHIEF ADVANCEMENT OFFICER | 3.2% of Rev | ||
| ELIZABETH NUNEZ | Artistic Director | 2.5% of Rev | ||
| NANCY BLOOM | EX-OFFICIO | 2.5% of Rev | ||
| BRUCE APPEL | Treasurer | 2.1% of Rev | ||
| JB HARRISON | Board Member | — | ||
| ADAM D CHINN | CHAIRMAN | — | ||
| ROBERT NEIS | Board Member | — | ||
| VIKRAM ATAL | Treasurer | — | ||
| HIROKO ONOYAMA | Board Member | — | ||
| MICHAEL FRACCARO | Board Member | — | ||
| DEBORAH MCMANUS | Board President | — | ||
| PHILIP H LOVETT | VICE-CHAIRMAN | — | ||
| JEREMY WLADIS | Board Member | — | ||
| ADAM ZIRKIN | Board Member | — | ||
| FRANCIS J HARVEY JR | Secretary | — | ||
| MARTIN KEHOE | Board Member | — | ||
| DUSTY PHILIP | Board Member | — | ||
| MARC SUSKIN | Board Member | — | ||
| KLAUS METZ | Board Member | — | ||
| NATOYA BROWN | Board Member | — | ||
| EVAN TROST | Board Member | — | ||
| ANEESA FOLDS | Board Member | — | ||
| JANE MOSS | Board Member | — | ||
| JODY STEINGLASS | Board Member | — | ||
| BRAD BLACKMON | Board Member | — | ||
| LUCRECIA BORGONOVO | Board Member | — | ||
| ROYCE CHEN | Board Member | — | ||
| CAROLINA ESQUENAZI-SHAIO | Board Member | — | ||
| LINDSAY FORBES | Board Member | — | ||
| COSMO ROE | Board Member | — | ||
| LISA TEPPER | Board Member | — |
Tax year 2021
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| FRANCISCO J NUNEZ | Board President | 5.4% of Rev | ||
| AMY C LECLAIR | KEY EMPLOYEE | 2.6% of Rev | ||
| ELIZABETH NUNEZ | Artistic Director | 2.5% of Rev | ||
| COURTNEY A CASEY | COO | 2.4% of Rev | ||
| NANCY Z BLOOM | EX-OFFICIO | 2.3% of Rev | ||
| BRUCE ROSENBLATT | Board Member | — | ||
| JB HARRISON | Board Member | — | ||
| ADAM D CHINN | CHAIRMAN | — | ||
| ROBERT NEIS | Board Member | — | ||
| VIKRAM ATAL | Treasurer | — | ||
| HIROKO ONOYAMA | Board Member | — | ||
| MICHAEL FRACCARO | Board Member | — | ||
| DEBORAH MCMANUS | Board President | — | ||
| PHILIP H LOVETT | VICE-CHAIRMAN | — | ||
| JEREMY WLADIS | Board Member | — | ||
| ADAM ZIRKIN | Board Member | — | ||
| FRANCIS J HARVEY JR | Secretary | — | ||
| MARTIN KEHOE | Board Member | — | ||
| DUSTY PHILIP | Board Member | — | ||
| MARC SUSKIN | Board Member | — | ||
| LAURA SCHWAB | Board Member | — | ||
| LISA TEPPER | Board Member | — | ||
| DUNIA RKEIN | ALUMNI REPRESENTATIVE | — | ||
| ALI DIBADJ | Board Member | — | ||
| KLAUS METZ | Board Member | — | ||
| A JERRY KREMER | CHAIRMAN EMERITUS | — | ||
| NATOYA BROWN | Board Member | — | ||
| EVAN TROST | Board Member | — |
Score breakdown
The three components combine into a single 0–100 score weighted as shown. Full methodology →
Peer comparison
Compared to 699 other orgs in NY with NTEE prefix A6.
Most-divergent component: financial score sits 31 points below the peer median (0 vs. 31).
5-year trend: Structural Deficit
Persistently low financial health over 5 years despite strong programmatic output. They are borrowing from their future (or bleeding an endowment) to pay for today's programs.
What's driving this score
- Comp-to-revenue ratio of 12.2% sits within the sector's healthy band (18–22%).
- Financial resilience score in the bottom quartile — reserves and liabilities ratios warrant review.
What would change this score
The two changes that would most improve this score:
- Build cash reserves to at least 3 months of operating expenses — moves financial resilience score meaningfully (~10 points).
Improving governance is a board decision. These are the levers.