Structural Deficit
"Enriches lives through high-quality music instruction for all ages and skill levels, making music education universally accessible and fostering a lifelong passion for music."
— Statement of Program Service Accomplishments
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 | Hidden | Hidden | 7.7% | 38 | Financially Distressed | Decline Risk | |
| 2022 | — | — | 6.8% | 40 | Financially Distressed | Recovery | |
| 2021 | — | — | 8.6% | 36 | Financially Distressed | Decline Risk | |
| 2020 | — | — | 7.4% | 38 | Financially Distressed | Decline Risk | |
| 2019 | — | — | 8.4% | 40 | Financially Distressed | Recovery | |
| 2018 | — | — | 7.1% | 36 | Financially Distressed | Decline Risk | |
| 2017 | — | — | 8.0% | 40 | Financially Distressed | Stable Watch | |
| 2016 | — | — | 7.1% | 40 | Financially Distressed | Recovery | |
| 2015 | — | — | 11.3% | 34 | Critical Intervention Needed | Stable Watch | |
| 2014 | — | — | 2.8% | 37 | Financially Distressed | Decline Risk | |
| 2013 | — | — | 7.5% | 38 | Financially Distressed | Stable Watch | |
| 2012 | — | — | 8.0% | 38 | Financially Distressed | Recovery | |
| 2011 | — | — | 8.0% | 36 | Financially Distressed | Stable Watch |
Officer compensation history
Tax year 2025
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| Matthew Keating | Executive Dir. | 8.4% of Rev | ||
| Matthew Keating | Executive Dir. | 7.7% of Rev | ||
| Lee Waggener | Board President | — | ||
| Stuart M Davis | Board President | — | ||
| Win Aldrich | Secretary | — | ||
| Carol Hersch | Development | — | ||
| John Burdett | Board Member | — | ||
| Sandra Lee | Board Member | — | ||
| Gabe Petrocelli | Board Member | — | ||
| Su-San Yio | Board Member | — | ||
| Mark MacKenzie | Board Member | — | ||
| Lee Waggener | Board President | — | ||
| Stuart M Davis | Board President | — | ||
| Win Aldrich | Secretary | — | ||
| David Sawhill | Treasurer | — | ||
| Carol Hersch | Development | — | ||
| John Burdett | Board Member | — | ||
| Sandra Lee | Board Member | — | ||
| Gabe Petrocelli | Board Member | — | ||
| Su-San Yio | Board Member | — | ||
| Mark MacKenzie | Board Member | — |
Tax year 2022
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| Matthew Keating | Executive Dir. | 6.2% of Rev | ||
| Sandra Lee | Board Member | — | ||
| Gabe Petrocelli | Board Member | — | ||
| Su-San Yio | Board Member | — | ||
| Lee Waggener | Board President | — | ||
| Stuart M Davis | Board President | — | ||
| Win Aldrich | Secretary | — | ||
| Danielle Witten | Treasurer | — | ||
| Carol Hersch | Development | — | ||
| John Burdett | Board Member | — |
Tax year 2021
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| Matthew Keating | Executive Dir. | 6.2% of Rev | ||
| Lee Waggener | Board President | — | ||
| Stuart M Davis | Board President | — | ||
| Win Aldrich | Secretary | — | ||
| Danielle Witten | Treasurer | — | ||
| Carol Hersch | Development | — | ||
| John Burdett | Board Member | — | ||
| Sandra Lee | Board Member | — | ||
| Gabe Petrocelli | Board Member | — | ||
| Su-San Yio | Board Member | — |
Score breakdown
The three components combine into a single 0–100 score weighted as shown. Full methodology →
Peer comparison
Compared to 829 other orgs in CA 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 7.7% 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.