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.
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 | 5.0% | 34 | Critical Intervention Needed | Decline Risk | |
| 2022 | — | — | 3.6% | 39 | Financially Distressed | Recovery | |
| 2021 | — | — | 8.1% | 34 | Critical Intervention Needed | Stable Watch | |
| 2020 | — | — | 4.9% | 35 | Financially Distressed | Stable Watch | |
| 2019 | — | — | 4.5% | 35 | Financially Distressed | Decline Risk | |
| 2018 | — | — | 5.1% | 34 | Critical Intervention Needed | Recovery | |
| 2017 | — | — | 16.2% | 29 | Critical Intervention Needed | Decline Risk | |
| 2016 | — | — | 8.8% | 38 | Financially Distressed | Recovery | |
| 2015 | — | — | 11.2% | 32 | Critical Intervention Needed | Decline Risk | |
| 2014 | — | — | 9.3% | 34 | Critical Intervention Needed | Decline Risk | |
| 2013 | — | — | 8.1% | 34 | Critical Intervention Needed | Recovery | |
| 2012 | — | — | 12.6% | 32 | Critical Intervention Needed | Decline Risk | |
| 2011 | — | — | 9.7% | 40 | Financially Distressed | Stable Watch |
Officer compensation history
Tax year 2026
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| MICHAEL J LASLEY | Artistic Director | 5.8% of Rev | ||
| STEPHANIE C KIM | Board Member | — | ||
| ELLEN R ROGERS | Board Member | — | ||
| SCOTT S LUC | Treasurer | — | ||
| JOSHUA K MALARSKY | Board Member | — | ||
| JEFFREY BOLDT | Board Member | — | ||
| KRISTEN D BOICE | Board Member | — | ||
| MARY C BOWMAN | Secretary | — | ||
| MELISSA COHEN | Board Member | — | ||
| ADRIANNE EPSTEIN | Board Member | — | ||
| BRUCE E HESLIN | Board Member | — | ||
| MO MERHOFF | Board Member | — | ||
| JOHN OBRIEN | Board Member | — | ||
| MICHELLE PHEFFER | Board Member | — | ||
| KRISTEN ROBERTSON | Board Member | — | ||
| DONALD E KNEBEL | Board President | — | ||
| KATHERINE B APPEL | Board Member | — | ||
| THOMAS W BEELER | Board Member | — | ||
| JASON R BOYEWSKY | Board Member | — | ||
| D PETER DUNBAR | Board Member | — | ||
| JEFFREY E GOOD | Board Member | — | ||
| CONNIE R HORWITZ | Board Member | — | ||
| CHARLIE MORGAN | Board Member | — | ||
| JAMES UPDIKE | Board Member | — | ||
| KATHARINE MOTHERSHEAD-KRUSE | Board Member | — | ||
| HILARY STOUT SALATICH | Board Member | — | ||
| CAROLYN M SCHAEFER GRAY | Board Member | — | ||
| CHARLES P SUTPHIN | Board Member | — | ||
| LYNN C TYLER | Board Member | — | ||
| LYNN C WILSON | Board Member | — | ||
| QUINN SHEPHERD | Board Member | — | ||
| ALI SHEPHERD | Board Member | — | ||
| ROGER SINGH | Board Member | — | ||
| JOHN WALLS | Board Member | — | ||
| TAMMY HANEY | Board Member | — | ||
| ANN M SOARDS | Board Member | — | ||
| J KEITH STUCKER | Board Member | — | ||
| LAURIE B TANSELLE | Board Member | — | ||
| JEFF BODKIN | Board Member | — | ||
| JONATHAN SUNDHEIMER | Board Member | — |
Tax year 2025
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| MICHAEL J LASLEY | Artistic Director | 5.0% of Rev | ||
| STEPHANIE C KIM | Board Member | — | ||
| TODD C LADY | Board President | — | ||
| ELLEN R ROGERS | Board President | — | ||
| SCOTT S LUC | Treasurer | — | ||
| JOSHUA K MALARSKY | Board President | — | ||
| JEFFREY BOLDT | Board Member | — | ||
| KRISTEN D BOICE | Board Member | — | ||
| MARY C BOWMAN | Secretary | — | ||
| MELISSA COHEN | Board Member | — | ||
| ADRIANNE EPSTEIN | Board Member | — | ||
| BRUCE E HESLIN | Board Member | — | ||
| JEANINE KERRIDGE | Board Member | — | ||
| MO MERHOFF | Board Member | — | ||
| JOHN O'BRIEN | Board Member | — | ||
| MICHELLE PHEFFER | Board Member | — | ||
| ILISSA E RASSNER | Board Member | — | ||
| KRISTEN ROBERTSON | Board Member | — | ||
| DONALD E KNEBEL | Board President | — | ||
| KATHERINE B APPEL | Board Member | — | ||
| THOMAS W BEELER | Board Member | — | ||
| JASON R BOYEWSKY | Board Member | — | ||
| D PETER DUNBAR | Board Member | — | ||
| JEFFREY E GOOD | Board Member | — | ||
| CONNIE R HORWITZ | Board Member | — | ||
| CHARLIE MORGAN | Board Member | — | ||
| KATHARINE MOTHERSHEAD-KRUSE | Board Member | — | ||
| HILARY STOUT SALATICH | Board Member | — | ||
| CAROLYN M SCHAEFER GRAY | Board Member | — | ||
| CHARLES P SUTPHIN | Board Member | — | ||
| LYNN C TYLER | Board Member | — | ||
| LYNN C WILSON | Board Member | — | ||
| JAMES UPDIKE | Board Member | — | ||
| QUINN SHEPHERD | Board Member | — | ||
| ALI SHEPHERD | Board Member | — | ||
| ROGER SINGH | Board Member | — | ||
| JOHN WALLS | Board Member | — | ||
| TAMMY HANEY | Board Member | — | ||
| BRIAN SMILER | Board Member | — | ||
| ANN M SOARDS | Board Member | — | ||
| J KEITH STUCKER | Board Member | — | ||
| LAURIE B TANSELLE | Board Member | — | ||
| JUSTIN M VERBETEN | Board Member | — |
Tax year 2023
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| MICHAEL J LASLEY | Artistic Director | 4.9% of Rev | ||
| KATHERINE B APPEL | Board Member | — | ||
| THOMAS W BEELER | Board Member | — | ||
| JASON R BOYEWSKY | Board Member | — | ||
| D PETER DUNBAR | Board Member | — | ||
| JEFFREY E GOOD | Board Member | — | ||
| CONNIE R HORWITZ | Board Member | — | ||
| CHARLIE MORGAN | Board Member | — | ||
| KATHERINE MOTHERSHEAD KRUSE | Board Member | — | ||
| HILARY STOUT SALATICH | Board Member | — | ||
| CAROLYN M SCHAEFER GRAY | Board Member | — | ||
| CHARLES P SUTPHIN | Board Member | — | ||
| LYNN C TYLER | Board Member | — | ||
| LYNN C WILSON | Board Member | — | ||
| STEPHANIE C KIM | Board President | — | ||
| TODD C LADY | Board President | — | ||
| ELLEN R ROGERS | Secretary | — | ||
| LAURIE TANSELLE | Treasurer | — | ||
| JOSHUA K MALARSKY | Board President | — | ||
| JAY H BLACK | Board Member | — | ||
| KRISTEN D BOICE | Board Member | — | ||
| MARY BOWMAN | Board Member | — | ||
| MELISSA COHEN | Board Member | — | ||
| PATRICK A DREWRY | Board Member | — | ||
| JEREMY DULING | Board Member | — | ||
| ADRIANNE EPSTEIN | Board Member | — | ||
| LYNDA GOEKE | Board Member | — | ||
| BRUCE E HESLIN | Board Member | — | ||
| SYDNIE JOHNSON | Board Member | — | ||
| SCOTT S LUC | Board Member | — | ||
| SARAH LUEDTKE | Board Member | — | ||
| JEANINE KERRIDGE | Board Member | — | ||
| BRETT D MCKAMEY | Board Member | — | ||
| MO MERHOFF | Board Member | — | ||
| JOHN O'BRIEN | Board Member | — | ||
| JILL O'MALIA | Board Member | — | ||
| MICHELLE PHEFFER | Board Member | — | ||
| ILISSA RASSNER | Board Member | — | ||
| KRISTEN ROBERTSON | Board Member | — | ||
| MUNJOT SAHU | Board Member | — | ||
| BRIAN SMILER | Board Member | — | ||
| ANN M SOARDS | Board Member | — | ||
| J KEITH STUCKER | Board Member | — | ||
| JOANNA TUOHY | Board Member | — | ||
| JUSTIN M VERBETEN | Board Member | — | ||
| TIFFANY WHISNER | Board Member | — | ||
| DONALD E KNEBEL | Board Member | — |
Tax year 2022
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| MICHAEL J LASLEY | Artistic Director | 4.4% of Rev | ||
| STEPHANIE C KIM | Board President | — | ||
| TODD C LADY | Board President | — | ||
| DONALD E KNEBEL | Board President | — | ||
| LAURIE TANSELLE | Secretary | — | ||
| JOSHUA K MALARSKY | Treasurer | — | ||
| JAY H BLACK | Board Member | — | ||
| KRISTEN D BOICE | Board Member | — | ||
| MARY BOWMAN | Board Member | — | ||
| MELISSA COHEN | Board Member | — | ||
| PATRICK A DREWRY | Board Member | — | ||
| LESLIE GALBREATH | Board Member | — | ||
| LYNDA GOEKE | Board Member | — | ||
| BRUCE E HESLIN | Board Member | — | ||
| SARAH HONAKER | Board Member | — | ||
| SCOTT S LUC | Board Member | — | ||
| SARAH LUEDTKE | Board Member | — | ||
| JEANINE KERRIDGE | Board Member | — | ||
| VIVIAN LAWHEAD | Board Member | — | ||
| BRETT D MCKAMEY | Board Member | — | ||
| MAUREEN MERHOFF | Board Member | — | ||
| JOHN O'BRIEN | Board Member | — | ||
| JILL O'MALIA | Board Member | — | ||
| MICHELLE PHEFFER | Board Member | — | ||
| ILISSA RASSNER | Board Member | — | ||
| KRISTEN ROBERTSON | Board Member | — | ||
| ELLEN R ROGERS | Board Member | — | ||
| MUNJOT SAHU | Board Member | — | ||
| BRIAN SMILER | Board Member | — | ||
| ANN M SOARDS | Board Member | — | ||
| J KEITH STUCKER | Board Member | — | ||
| JOANNA TUOHY | Board Member | — | ||
| JUSTIN M VERBETEN | Board Member | — | ||
| TIFFANY WHISNER | Board Member | — | ||
| KATHERINE B APPEL | Board Member | — | ||
| THOMAS W BEELER | Board Member | — | ||
| JASON R BOYEWSKY | Board Member | — | ||
| D PETER DUNBAR | Board Member | — | ||
| JEFFREY E GOOD | Board Member | — | ||
| CONNIE R HORWITZ | Board Member | — | ||
| CHARLIE MORGAN | Board Member | — | ||
| KATHERINE MOTHERSHEAD-KRUSE | Board Member | — | ||
| HILARY STOUT SALATICH | Board Member | — | ||
| CAROLYN M SCHAEFER GRAY | Board Member | — | ||
| CHARLES P SUTPHIN | Board Member | — | ||
| LYNN C TYLER | Board Member | — | ||
| LYNN C WILSON | Board Member | — |
Tax year 2021
| Name | Title | Phone | Compensation | |
|---|---|---|---|---|
| MICHAEL J LASLEY | Artistic Director | 4.2% of Rev | ||
| STEPHANIE C KIM | Board President | — | ||
| TODD C LADY | Board President | — | ||
| DONALD E KNEBEL | Board President | — | ||
| JAY A FELLER | Board President | — | ||
| LAURIE TANSELLE | Secretary | — | ||
| JOSHUA K MALARSKY | Treasurer | — | ||
| KRISTEN D BOICE | Board Member | — | ||
| MARY BOWMAN | Board Member | — | ||
| MELISSA COHEN | Board Member | — | ||
| PATRICK A DREWRY | Board Member | — | ||
| LYNDA GOEKE | Board Member | — | ||
| BRUCE E HESLIN | Board Member | — | ||
| SARAH HONAKER | Board Member | — | ||
| SCOTT S LUC | Board Member | — | ||
| SARAH LUEDTKE | Board Member | — | ||
| JEANINE KERRIDGE | Board Member | — | ||
| VIVIAN LAWHEAD | Board Member | — | ||
| BRETT D MCKAMEY | Board Member | — | ||
| CORRIE MEYER | Board Member | — | ||
| JOHN O'BRIEN | Board Member | — | ||
| JILL O'MALIA | Board Member | — | ||
| MICHELLE PHEFFER | Board Member | — | ||
| ILISSA RASSNER | Board Member | — | ||
| KRISTEN ROBERTSON | Board Member | — | ||
| ELLEN R ROGERS | Board Member | — | ||
| MUNJOT SAHU | Board Member | — | ||
| BRIAN SMILER | Board Member | — | ||
| ANN M SOARDS | Board Member | — | ||
| J KEITH STUCKER | Board Member | — | ||
| JOANNA TUOHY | Board Member | — | ||
| JUSTIN M VERBETEN | Board Member | — | ||
| TIFFANY WHISNER | Board Member | — | ||
| KATHERINE B APPEL | Board Member | — | ||
| THOMAS W BEELER | Board Member | — | ||
| JASON R BOYEWSKY | Board Member | — | ||
| D PETER DUNBAR | Board Member | — | ||
| JEFFREY E GOOD | Board Member | — | ||
| CONNIE R HORWITZ | Board Member | — | ||
| CHARLIE MORGAN | Board Member | — | ||
| KATHERINE MOTHERSHEAD KRUSE | Board Member | — | ||
| HILARY STOUT SALATICH | Board Member | — | ||
| CAROLYN M SCHAEFER GRAY | Board Member | — | ||
| CHARLES P SUTPHIN | Board Member | — | ||
| LYNN C TYLER | Board Member | — | ||
| LYNN C WILSON | Board Member | — |
Score breakdown
The three components combine into a single 0–100 score weighted as shown. Full methodology →
Peer comparison
Compared to 121 other orgs in IN with NTEE prefix A6.
Most-divergent component: financial score sits 40 points below the peer median (0 vs. 40).
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 5.0% 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.