Structural Deficit
Structural Deficit
Structural Deficit Market Archetype Mechanical Natural
Tier
Priority Review
Trajectory Thumbprint

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.

The Truth-Teller
The Truth-Teller
Institutional Health Scores
5-yr trend: Structural Deficit ↑
Overall
35
Score
Governance
58
Score
Financial
0
Score
Program
60
Score

Institutional Epochs

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Financial Era
Governance Era
Trajectory Era
Structural Deficit

Historical Performance

Year Revenue Top Comp Comp % Rev Score Phase Label Outlook Details
2024 Hidden Hidden — — Unknown —
2023 Hidden Hidden 4.4% 35 Financially Distressed Decline Risk
2022 — — 2.5% 37 Financially Distressed Decline Risk
2021 — — 3.2% 51 Fragile Recovery
2020 — — 2.8% 35 Financially Distressed Stable Watch
2019 — — 3.6% 35 Financially Distressed Stable Watch
2018 — — 2.8% 35 Financially Distressed Stable Watch
2017 — — 2.0% 35 Financially Distressed Stable Watch
2016 — — 2.5% 35 Financially Distressed Stable Watch
2015 — — 2.9% 35 Financially Distressed Recovery
2014 — — 2.9% 34 Critical Intervention Needed Decline Risk
2013 — — 2.7% 34 Critical Intervention Needed Stable Watch
2012 — — 2.7% 35 Financially Distressed Stable Watch
2011 — — 0.7% 37 Financially Distressed Stable Watch

Officer compensation history

Tax year 2025

Name Title Phone Email Compensation
WILLIAM R BERRY Artistic Director 0.8% of Rev
BERNADINE C GRIFFIN Board Member 0.7% of Rev
RACHEL ROBERT CHIEF FINANCIAL OFFICER 0.5% of Rev
LAUREL HORTON HEAD CARPENTER 0.5% of Rev
BECKY WITMER DIR. OF MARKETING & GUEST SVCS 0.5% of Rev
JOAN TOGGENBURGER Board Member 0.4% of Rev
MATTHEW PERRI RESIDENT MUSIC SUPERVISOR 0.4% of Rev
FABRIZIO ALMEIDA Board Member 0.4% of Rev
KATIE MALTAIS Board Member 0.3% of Rev
RICHARD MEADOWS Board President —
GRACE YUAN Secretary —
TOM HANDLEY Treasurer —
BETH PORTER Board President —
KENNY ALHADEFF Board Member —
MARISA BEHNKE Board Member —
MICHAEL COX Board Member —
RANDY HODGINS Board Member —
NINA JENNINGS Board Member —
LEE KELLER Board Member —
PAT KENNEDY Board Member —
SASA KIRKPATRICK Board Member —
KYLE LEVINE Board Member —
CARMEN MAYO Board Member —
JOHN OPPENHEIMER Board Member —
JOHN PAYES Board Member —
STEPHEN P REYNOLDS Board Member —
BONNIE TOWNE Board Member —
GARY TUCCI Board Member —
BECCA WERT Board Member —
BILL WERT Board Member —
EILEEN GLASSER WESLEY Board Member —
KENNETH WILLMAN Board Member —

Tax year 2023

Name Title Phone Email Compensation
BERNADINE C GRIFFIN Board Member 0.6% of Rev
WILLIAM R BERRY Artistic Director 0.6% of Rev
RACHEL ROBERT CHIEF FINANCIAL OFFICER 0.4% of Rev
JOAN TOGGENBURGER Board Member 0.3% of Rev
LES BILLER Board President —
BETH PORTER Board President —
GRACE YUAN Secretary —
STERLING WILSON Treasurer —
BONNIE TOWNE Board President —
KENNY ALHADEFF Board Member —
ANN ARDIZZONE Board Member —
DEBBIE BROWN Board Member —
MARGARET CLAPP Board Member —
TOM HANDLEY Board Member —
WANDA J HERNDON Board Member —
RANDY HODGINS Board Member —
PAT KENNEDY Board Member —
SASA KIRKPATRICK Board Member —
ELIZABETH LUND Board Member —
CARMEN MAYO Board Member —
RICHARD MEADOWS Board Member —
MARTIN O NELSON JR Board Member —
JOHN OPPENHEIMER Board Member —
JOHN PAYES Board Member —
TONY REPANICH Board Member —
STEPHEN P REYNOLDS Board Member —
ROB SEXTON Board Member —
EMORY THOMAS Board Member —
GARY TUCCI Board Member —
EILEEN GLASSER WESLEY Board Member —
BECCA WERT Board Member —
BILL WERT Board Member —
KENNETH WILLMAN Board Member —

Tax year 2022

Name Title Phone Email Compensation
BERNADINE C GRIFFIN Board Member 0.6% of Rev
WILLIAM R BERRY Artistic Director 0.6% of Rev
MICHELLE MOGA Board Member 0.6% of Rev
RACHEL M ROBERT CHIEF FINANCIAL OFFICER 0.4% of Rev
BONNIE TOWNE Board President —
LES BILLER Board President —
STERLING WILSON Treasurer —
MARGARET C INOUYE Secretary —
STEPHEN P REYNOLDS Board President —
KENNY ALHADEFF Board Member —
ANN ARDIZZONE Board Member —
SHARON GANTZ BLOOME Board Member —
ROBERT R BRAUN JR Board Member —
DEBBIE BROWN Board Member —
MARK CASTELIN Board Member —
MARGARET CLAPP Board Member —
TOM HANDLEY Board Member —
WANDA J HERNDON Board Member —
RANDY HODGINS Board Member —
PAT KENNEDY Board Member —
SASA KIRKPATRICK Board Member —
ELIZABETH LUND Board Member —
CARMEN MAYO Board Member —
RICHARD MEADOWS Board Member —
MARTIN O NELSON JR Board Member —
JOHN OPPENHEIMER Board Member —
BETH PORTER Board Member —
ANN RAMSAY-JENKINS Board Member —
TONY REPANICH Board Member —
ROB SEXTON Board Member —
SABRINA K SEWARD Board Member —
HEATHER SULLIVAN MCKAY Board Member —
EMORY THOMAS Board Member —
ERIC TROTT Board Member —
GARY TUCCI Board Member —
LORI TWOMEY Board Member —
TOM WALSH Board Member —
EILEEN GLASSER WESLEY Board Member —
KENNETH WILLMAN Board Member —
GRACE YUAN Board Member —

Tax year 2021

Name Title Phone Email Compensation
BERNADINE C GRIFFIN Board Member 0.8% of Rev
WILLIAM R BERRY Artistic Director 0.8% of Rev
MICHELLE MOGA Vice President 0.6% of Rev
LAUREL S HORTON HEAD CARPENTER 0.5% of Rev
MICHAEL ALLEN GEPNER Vice President 0.4% of Rev
KAREN MARTA KATZ HEAD SOUND ENGINEER 0.4% of Rev
MATTHEW A PERRI RESIDENT MUSIC SUPERVISOR 0.4% of Rev
RACHEL M ROBERT CHIEF FINANCIAL OFFICER FROM 09/19 0.1% of Rev
BONNIE TOWNE Board President —
STERLING WILSON Treasurer —
MARGARET C INOUYE Secretary —
STEPHEN P REYNOLDS Board President —
KENNY ALHADEFF Board Member —
ANN ARDIZZONE Board Member —
CLODAGH ASH Board Member —
LES BILLER Board Member —
SHARON GANTZ BLOOME Board Member —
ROBERT R BRAUN JR Board Member —
DEBBIE BROWN Board Member —
MARK CASTELIN Board Member —
MARGARET CLAPP Board Member —
CYRUS HABIB Board Member —
TOM HANDLEY Board Member —
WANDA J HERNDON Board Member —
RANDY HODGINS Board Member —
PAT KENNEDY Board Member —
SASA KIRKPATRICK Board Member —
ELIZABETH LUND Board Member —
CARMEN MAYO Board Member —
RICHARD MEADOWS Board Member —
MARTIN O NELSON JR Board Member —
JOHN OPPENHEIMER Board Member —
BETH PORTER Board Member —
ANN RAMSAY-JENKINS Board Member —
TONY REPANICH Board Member —
NORMAN B RICE Board Member —
ROB SEXTON Board Member —
HEATHER SULLIVAN MCKAY Board Member —
EMORY THOMAS Board Member —
ERIC TROTT Board Member —
GARY TUCCI Board Member —
LORI TWOMEY Board Member —
MARKA WAECHTER Board Member —
TOM WALSH Board Member —
EILEEN GLASSER WESLEY Board Member —
KENNETH WILLMAN Board Member —
GRACE YUAN Board Member —
Officer contact details, exact compensation figures, and active litigation are available to verified members.
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Score breakdown

Score breakdown

Financial resilience
0 / 100
weight 40%
Governance risk
58 / 100
weight 40%
Program scale
60 / 100
weight 20%
Overall
35 / 100
Priority Review

The three components combine into a single 0–100 score weighted as shown. Full methodology →

Peer comparison

Compared to 332 other orgs in WA with NTEE prefix A6.

Most-divergent component: financial score sits 52 points below the peer median (0 vs. 52).

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

What would change this score

The two changes that would most improve this score:

  1. 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.