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 |
|---|---|---|---|---|---|---|---|
| 2023 | — | — | 4.9% | 40 | Financially Distressed | Decline Risk | |
| 2022 | — | — | 7.7% | 48 | Fragile | Recovery | |
| 2021 | — | — | 16.4% | 43 | Fragile | Recovery | |
| 2020 | — | — | 16.2% | 29 | Critical Intervention Needed | Decline Risk | |
| 2019 | — | — | 10.9% | 33 | Critical Intervention Needed | Decline Risk | |
| 2018 | — | — | 7.7% | 36 | Financially Distressed | Decline Risk | |
| 2017 | — | — | 7.9% | 38 | Financially Distressed | Decline Risk | |
| 2016 | — | — | 5.0% | 48 | Fragile | Recovery | |
| 2015 | — | — | 5.5% | 44 | Financially Distressed | Decline Risk | |
| 2014 | — | — | 3.9% | 51 | Fragile | Recovery | |
| 2013 | — | — | 5.0% | 36 | Financially Distressed | Decline Risk | |
| 2012 | — | — | 4.4% | 49 | Fragile | Recovery | |
| 2011 | — | — | 3.8% | 39 | Financially Distressed | Stable Watch |
Officer compensation history
Tax year 2023
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| TERESA EYRING | Executive Director | 4.7% of Rev | ||
| ADRIAN BUDHU | Board Member | 3.2% of Rev | ||
| TERENCE NEMETH | Board Member | 2.7% of Rev | ||
| EMILYA CACHAPERO | Artistic Director | 2.3% of Rev | ||
| CAROL VAN KEUREN | Board Member | 1.8% of Rev | ||
| KATHLEEN SOVA | Board Member | 1.8% of Rev | ||
| ROBERT KENDT | DIR. OF AMERICAN THEATRE MAGAGINE | 1.7% of Rev | ||
| NIKKOLE SALTER | Board President | — | ||
| JOHN FONTILLAS | Board President | — | ||
| SNEHAL DESAI | Board President | — | ||
| EILEEN J MORRIS | Board President | — | ||
| ANGELA GIERAS | Treasurer | — | ||
| LISA PORTES | Secretary | — | ||
| MAY ADRALES | Board Member | — | ||
| RAYMOND BOBGAN | Board Member | — | ||
| JEREMY B COHEN | Board Member | — | ||
| WILL DAVIS | Board Member | — | ||
| KELVIN DINKINS JR | Board Member | — | ||
| CYNTHIA FUHRMAN | Board Member | — | ||
| NATAKI GARRETT | Board Member | — | ||
| DEREK GOLDMAN | Board Member | — | ||
| JAMIE HERLICH MCIALWAIN | Board Member | — | ||
| LAURIE MCCANTS | Board Member | — | ||
| ELLEN RICHARD | Board Member | — | ||
| ANTHONY RODRIGUEZ | Board Member | — | ||
| HANA S SHARIF | Board Member | — | ||
| HAROLD STEWARD | Board Member | — | ||
| RALPH BRYAN | Board Member | — | ||
| HANAY GEIOGAMAH | Board Member | — | ||
| MERRIQUE JENSON | Board Member | — |
Tax year 2022
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| TERESA EYRING | Executive Director | 4.7% of Rev | ||
| ADRIAN BUDHU | Board Member | 3.2% of Rev | ||
| TERENCE NEMETH | Board Member | 2.7% of Rev | ||
| EMILYA CACHAPERO | Artistic Director | 2.2% of Rev | ||
| CAROL VAN KEUREN | Board Member | 1.8% of Rev | ||
| ROBERT KENDT | DIR. OF AMERICAN THEATRE MAGAZINE | 1.7% of Rev | ||
| KATHLEEN SOVA | Board Member | 1.7% of Rev | ||
| NIKKOLE SALTER | Board President | — | ||
| JOHN FONTILLAS | Board President | — | ||
| SNEHAL DESAI | Board President | — | ||
| EILEEN J MORRIS | Board President | — | ||
| MEGHAN PRESSMAN | Board President | — | ||
| ANGELA GIERAS | Treasurer | — | ||
| LISA PORTES | Secretary | — | ||
| MAY ADRALES | Board Member | — | ||
| RAYMOND BOBGAN | Board Member | — | ||
| JEREMY B COHEN | Board Member | — | ||
| WILL DAVIS | Board Member | — | ||
| KELVIN DINKINS JR | Board Member | — | ||
| CYNTHIA FUHRMAN | Board Member | — | ||
| NATAKI GARRETT | Board Member | — | ||
| DEREK GOLDMAN | Board Member | — | ||
| JAMIE HERLICH MCIALWAIN | Board Member | — | ||
| MARA ISAACS | Board Member | — | ||
| LAURIE MCCANTS | Board Member | — | ||
| JOHAMY MORALES | Board Member | — | ||
| ELLEN RICHARD | Board Member | — | ||
| ANTHONY RODRIGUEZ | Board Member | — | ||
| DAVID SCHMITZ | Board Member | — | ||
| HANA S SHARIF | Board Member | — | ||
| HAROLD STEWARD | Board Member | — |
Tax year 2021
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| TERESA EYRING | Executive Director | 4.6% of Rev | ||
| ADRIAN BUDHU | Board Member | 3.0% of Rev | ||
| TERENCE NEMETH | Board Member | 2.4% of Rev | ||
| EMILYA CACHAPERO | Artistic Director | 2.1% of Rev | ||
| KEVIN BITTERMAN | DIR. OF INSTITUTIONAL ADVANCEMENT | 1.8% of Rev | ||
| KATE LIPUMA | Board President | — | ||
| LARISSA FASTHORSE | Board President | — | ||
| MEGHAN PRESSMAN | Board President | — | ||
| ELLEN RICHARD | Treasurer | — | ||
| EILEEN J MORRIS | Secretary | — | ||
| MAY ADRALES | Board Member | — | ||
| JOSEPH P BENINCASA | Board Member | — | ||
| RAYMOND BOBGAN | Board Member | — | ||
| JEREMY B COHEN | Board Member | — | ||
| KRISTEN COURY | Board Member | — | ||
| JOSHUA DACHS | Board Member | — | ||
| WILL DAVIS | Board Member | — | ||
| SNEHAL DESAI | Board Member | — | ||
| KELVIN DINKINS JR | Board Member | — | ||
| JOHN FONTILLAS | Board Member | — | ||
| NATAKI GARRETT | Board Member | — | ||
| ANGELA GIERAS | Board Member | — | ||
| DEREK GOLDMAN | Board Member | — | ||
| JAMIE HERLICH | Board Member | — | ||
| SUSAN HILFERTY | Board Member | — | ||
| REBECCA HOPKINS | Board Member | — | ||
| MARA ISAACS | Board Member | — | ||
| LAURIE MCCANTS | Board Member | — | ||
| JOHAMY MORALES | Board Member | — | ||
| KEVIN MORIARTY | Board Member | — | ||
| LISA PORTES | Board Member | — | ||
| FRANCINE REYNOLDS | Board Member | — | ||
| BLAKE ROBISON | Board Member | — | ||
| ANTHONY RODRIGUEZ | Board Member | — | ||
| NIKKOLE SALTER | Board Member | — | ||
| TIM SANFORD | Board Member | — | ||
| CARLO SCANDIUZZI | Board Member | — | ||
| DAVID SCHMITZ | Board Member | — | ||
| HANA S SHARIF | Board Member | — | ||
| HAROLD STEWARD | Board Member | — | ||
| ROBERT T WARREN | Board Member | — |
Score breakdown
The three components combine into a single 0–100 score weighted as shown. Full methodology →
Peer comparison
Compared to 700 other orgs in NY with NTEE prefix A6.
Most-divergent component: program score sits 31 points above the peer median (60 vs. 29).
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.
Overall score has gone from 33 → 40 over 5 years (improving by 7 points).
What's driving this score
- Comp-to-revenue ratio of 4.9% 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.