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.
Title
Representative Institutions
Institutional Epochs
Historical Performance
| Year | Revenue | Top Comp | Comp % Rev | Score | Phase Label | Outlook | Details |
|---|---|---|---|---|---|---|---|
| 2024 | Hidden | Hidden | — | — | Unknown | — | |
| 2023 | Hidden | Hidden | 10.2% | 42 | Fragile | Stable Watch | |
| 2022 | — | — | — | 42 | Fragile | Recovery | |
| 2021 | — | — | 8.9% | 40 | Financially Distressed | Stable Watch | |
| 2020 | — | — | 7.7% | 40 | Financially Distressed | Stable Watch | |
| 2019 | — | — | 9.5% | 40 | Financially Distressed | Recovery | |
| 2018 | — | — | — | 38 | Financially Distressed | Recovery | |
| 2017 | — | — | 9.8% | 30 | Critical Intervention Needed | Recovery | |
| 2016 | — | — | — | 33 | Critical Intervention Needed | Decline Risk | |
| 2015 | — | — | — | 31 | Critical Intervention Needed | Decline Risk | |
| 2014 | — | — | — | 43 | Financially Distressed | Stable Watch |
Officer compensation history
Tax year 2025
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| NATHANAEL FISHER | Artistic Director | 6.1% of Rev | ||
| ANNA FISHER | Artistic Director | 4.1% of Rev | ||
| JASON HEDDEN | Board President | — | ||
| STACEY BRADY | Board Member | — | ||
| JAMIE HALL | Board Member | — | ||
| MELISSA OROPRESA CARROLL | Board Member | — | ||
| BRIAN HAUGEN | Board Member | — | ||
| TERRY MAUER | Treasurer | — |
Tax year 2023
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| NATHANAEL FISHER | Artistic Director | 4.3% of Rev | ||
| ANNA FISHER | Artistic Director | 3.1% of Rev | ||
| JASON HEDDEN | Board President | — | ||
| STACEY BRADY | Board Member | — | ||
| JAMIE HALL | Board Member | — | ||
| MELISSA OPRESSA CARROLL | Treasurer | — | ||
| MATTHEW C SAVOIE | Board Member | — | ||
| ZANDRA WOLFGRAM | Board Member | — |
Tax year 2022
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| NATHANAEL FISHER | Artistic Director | 3.5% of Rev | ||
| ANNA FISHER | Artistic Director | 2.5% of Rev | ||
| JASON HEDDEN | Board President | — | ||
| SHERRY LONDE | Secretary | — | ||
| STACEY BRADY | Board Member | — | ||
| JAMIE HALL | Board Member | — | ||
| MELISSA OPRESSA CARROLL | Treasurer | — | ||
| ZANDRA WOLFGRAM | Board Member | — |
Tax year 2021
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| NATHANAEL FISHER | Artistic Director | 3.5% of Rev | ||
| ANNA FISHER | Artistic Director | 2.9% of Rev | ||
| JASON HEDDEN | Board President | 0.0% of Rev | ||
| SHERRY LONDE | Secretary | — | ||
| STACEY BRADY | Board Member | — | ||
| JAMIE HALL | Board Member | — | ||
| MELISSA OPRESSA CARROLL | Treasurer | — | ||
| ZANDRA WOLFGRAM | Board Member | — |
Score breakdown
The three components combine into a single 0–100 score weighted as shown. Full methodology →
Peer comparison
Compared to 244 other orgs in FL with NTEE prefix A6.
Most-divergent component: program score sits 29 points above the peer median (60 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 10.2% 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.