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 |
|---|---|---|---|---|---|---|---|
| 2023 | — | — | 17.2% | 29 | Critical Intervention Needed | Decline Risk | |
| 2022 | — | — | 7.6% | 40 | Fragile | Recovery | |
| 2021 | — | — | 13.2% | 29 | Critical Intervention Needed | Recovery | |
| 2020 | — | — | 8.7% | 34 | Critical Intervention Needed | Decline Risk | |
| 2019 | — | — | 7.2% | 40 | Fragile | Recovery | |
| 2018 | — | — | — | 40 | Fragile | Recovery | |
| 2017 | — | — | — | 36 | Financially Distressed | Stable Watch | |
| 2016 | — | — | — | 36 | Financially Distressed | Recovery | |
| 2015 | — | — | — | 34 | Critical Intervention Needed | Decline Risk | |
| 2014 | — | — | — | 36 | Financially Distressed | Decline Risk | |
| 2013 | — | — | — | 40 | Fragile | Decline Risk | |
| 2012 | — | — | — | 46 | Fragile | Stable Watch |
Officer compensation history
Tax year 2023
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| BONNIE J BUTKAS | Executive Director | Hidden | ||
| COURTNEY MANNING-SALE | Artistic Director | Hidden | ||
| EDGAR A CYRUS JR | Treasurer | Hidden | ||
| ADAM BAACKE | Board Member | — | ||
| JUDITH K BENSON | Board Member | — | ||
| ANTON CHERNOFF | Board Member | — | ||
| MICHAEL G CONWAY | Board Member | — | ||
| KAREN HARTMAN | Board Member | — | ||
| EVAN SCHAPIRO | Board Member | — | ||
| DEBRA GROSSMAN | Board Member | — | ||
| TERRY T HOWARD | Board Member | — | ||
| ANN P KAZER | Board Member | — | ||
| TIM GREENWOOD | Board Member | — | ||
| STEPHEN IRISH | Board Member | — | ||
| GEORGE VILLARAS | Board Member | — | ||
| ALYCE MOORE | Board Member | — | ||
| LEN ROZAMUS | Board Member | — | ||
| SUSAN MITCHELL | Board Member | — | ||
| NANCY L DONAHUE | Board President | — | ||
| JOANNE YESTRAMSKI | Board President | — | ||
| KATE REID | Board President | — | ||
| WILLIAM WYMAN | Treasurer | — | ||
| JACK MOYNIHAN | Secretary | — |
Tax year 2022
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| BONNIE J BUTKAS | Executive Director | Hidden | ||
| EDGAR A CYRUS JR | Treasurer | Hidden | ||
| ADAM BAACKE | Board Member | — | ||
| JUDITH K BENSON | Board Member | — | ||
| ANTON CHERNOFF | Board Member | — | ||
| MICHAEL G CONWAY | Board Member | — | ||
| DANIEL R FRANTZ | Board Member | — | ||
| EVAN SCHAPIRO | Board Member | — | ||
| DEBRA GROSSMAN | Board Member | — | ||
| TERRY T HOWARD | Board Member | — | ||
| ANN P KAZER | Board Member | — | ||
| TIM GREENWOOD | Board Member | — | ||
| STEPHEN IRISH | Board Member | — | ||
| HENRI MARCHAND | Board Member | — | ||
| ALYCE MOORE | Board Member | — | ||
| LEN ROZAMUS | Board Member | — | ||
| DOMINIC RYAN | Board Member | — | ||
| RUTH WHITE | Board Member | — | ||
| SUSAN MITCHELL | Board Member | — | ||
| NANCY L DONAHUE | Board President | — | ||
| JOANNE YESTRAMSKI | Board President | — | ||
| KATE REID | Board President | — | ||
| WILLIAM WYMAN | Treasurer | — | ||
| JACK MOYNIHAN | Secretary | — |
Tax year 2021
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| BONNIE J BUTKAS | Executive Director | Hidden | ||
| EDGAR A CYRUS JR | Treasurer | Hidden | ||
| DONALD A BEDARD | Board Member | — | ||
| JUDITH K BENSON | Board Member | — | ||
| DEBORAH CARTER | Board Member | — | ||
| ANTON CHERNOFF | Board Member | — | ||
| MICHAEL G CONWAY | Board Member | — | ||
| DANIEL R FRANTZ | Board Member | — | ||
| DENISE GLASER | Board Member | — | ||
| DEBRA GROSSMAN | Board Member | — | ||
| TERRY T HOWARD | Board Member | — | ||
| ANN P KAZER | Board Member | — | ||
| ARNOLD M KERZNER | Board Member | — | ||
| TOM LARKIN | Board Member | — | ||
| HENRI MARCHAND | Board Member | — | ||
| ALYCE MOORE | Board Member | — | ||
| KATE REID | Board Member | — | ||
| LEN ROZAMUS | Board Member | — | ||
| DOMINIC RYAN | Board Member | — | ||
| RUTH WHITE | Board Member | — | ||
| SUSAN MITCHELL | Board Member | — | ||
| WILLIAM WYMAN | Board President | — | ||
| JOANNE YESTRAMSKI | Board President | — | ||
| EVAN SCHAPIRO | Board President | — | ||
| NANCY L DONAHUE | Board President | — | ||
| STEPHEN IRISH | Treasurer | — | ||
| JACK MOYNIHAN | Secretary | — |
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 37 points below the peer median (5 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.
Overall score has gone from 40 → 29 over 5 years (declining by 11 points). A multi-year directional move of this magnitude is a signal worth investigating.
What's driving this score
- Comp-to-revenue ratio of 17.2% 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:
- Separate signing authority from fundraising authority when both are held by one person — removes the concentration penalty (~12 points).
- 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.