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 |
|---|---|---|---|---|---|---|---|
| 2025 | Hidden | Hidden | — | — | Unknown | — | |
| 2024 | Hidden | Hidden | — | — | Unknown | — | |
| 2023 | — | — | 9.8% | 31 | Critical Intervention Needed | Recovery | |
| 2022 | — | — | 7.9% | 33 | Critical Intervention Needed | Recovery | |
| 2021 | — | — | 31.1% | 33 | Critical Intervention Needed | Recovery | |
| 2020 | — | — | 4.3% | 35 | Financially Distressed | Stable Watch | |
| 2019 | — | — | 0.5% | 35 | Financially Distressed | Recovery | |
| 2018 | — | — | — | 41 | Fragile | Stable Watch |
Officer compensation history
Tax year 2025
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| ANTHONY WILLIAMS | Board President | 7.0% of Rev | ||
| Anthony Williams | Board President | 7.0% of Rev | ||
| Betsy Khalil | Artistic Director | 5.3% of Rev | ||
| JANET MALONE | Treasurer | 2.8% of Rev | ||
| Janet Malone | Treasurer | 2.4% of Rev | ||
| August McGrail | Administrator | 2.1% of Rev | ||
| Sophie Gemeinhardt | Administrator | 0.8% of Rev | ||
| PAULA MCNICHOLS | Board President | — | ||
| EMILIE STEELE | Board Member | — | ||
| ANNA WALDRON | Board Member | — | ||
| EMERSON A KINGTON | Board Member | — | ||
| Anna Waldron | Board Member | — | ||
| Emerson A Kington | Board Member | — | ||
| Emilie Steele | Board Member | — | ||
| Paula McNichols | Board President | — |
Tax year 2023
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| ANTHONY WILLIAMS | Board President | 7.0% of Rev | ||
| ANTHONY WILLIAMS | Board President | 6.2% of Rev | ||
| JANET MALONE | Treasurer | 3.5% of Rev | ||
| JANET MALONE | Treasurer | 3.5% of Rev | ||
| SAMANTHA LOVEWELL | Board Member | — | ||
| PAULA MCNICHOLS | Board President | — | ||
| EMILIE STEELE | Board Member | — | ||
| PAULA MCNICHOLS | Board President | — | ||
| EMILIE STEELE | Board Member | — | ||
| ANNA WALDRON | Board Member | — | ||
| EMERSON A KINGTON | Board Member | — | ||
| CARL MASTANDREA | Board Member | — |
Tax year 2022
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| ANTHONY WILLIAMS | Board President | 2.2% of Rev | ||
| JANET MALONE | Treasurer | 1.1% of Rev | ||
| SAMANTHA LOVEWELL | Board Member | — | ||
| PAULA MCNICHOLS | Board President | — | ||
| EMILIE STEELE | Board Member | — |
Tax year 2021
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| DUSTIN TODD RENNELLS | Secretary | 0.2% of Rev | ||
| JANET MALONE | Treasurer | 0.2% of Rev | ||
| ANTHONY WILLIAMS | Board President | — | ||
| PAULA MCNICHOLS | Board President | — | ||
| JOHN CONNOLLY | Board President | — | ||
| TRACY CLARK | Board Member | — | ||
| KATE JUROW | Board Member | — | ||
| SUZANNE LEVIN | Board Member | — | ||
| SAMANTHA LOVEWELL | Board Member | — | ||
| EMILIE STEELE | Board Member | — | ||
| ANNA WALDRON | Board Member | — |
Score breakdown
The three components combine into a single 0–100 score weighted as shown. Full methodology →
Peer comparison
Compared to 245 other orgs in MA with NTEE prefix A6.
Most-divergent component: financial score sits 42 points below the peer median (0 vs. 42).
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 9.8% 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.