OVERTURE CENTER FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

JIM YEHLE

Phone

6082584177

Tax Period

2023-07-01 to 2024-06-30

OVERTURE CENTER FOUNDATION INC, founded in 2002, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $34.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $10.8M, a strong 31% operating margin.

Mission

OVERTURE CENTER FOR THE ARTS ENRICHES THE LIVES OF INDIVIDUALS AND THE COMMUNITY BY CREATING, ENCOURAGING, AND CATALYZING EXTRAORDINARY EXPERIENCES. THE CENTER PRESENTS A BROAD SPECTRUM OF HIGH QUALITY PROGRAMMING, DEVELOPS AUDIENCES FOR THE ARTS, ADVANCES THE MISSION OF RESIDENT ORGANIZATIONS, ADVOCATES FOR THE DEVELOPMENT OF THE ARTS IN THE COMMUNITY, AND PROVIDES A WORLD-CLASS FORUM FOR DIVERSE ARTISTIC EXPRESSION.

Program Service Accomplishments

Program 1

Expenses: $20,139,169 Revenue: $16,962,865

OVERTURE CENTER HOSTS HUNDREDS OF TICKETED EVENTS WITH OUR BOX OFFICE SELLING APPROXIMATELY 340,000 TICKETS ANNUALLY. OVERTURE CENTER PRESENTS A WIDE VARIETY OF ARTISTIC OFFERINGS THAT PATRONS WOULD NOT OTHERWISE HAVE THE OPPORTUNITY TO EXPERIENCE IN MADISON, RANGING FROM UP-AND-COMING DANCE COMPANIES TO CHILDREN'S THEATER PERFORMANCES TO NATIONALLY TOURING BROADWAY HITS. IN FULFILLING ITS MISSION OF ACCESS TO THE ARTS, OVERTURE CENTER STRIVES TO KEEP TICKET PRICES AFFORDABLE. THE AVERAGE TOP TICKET PRICE FOR NON-BROADWAY PERFORMANCES IS TYPICALLY UNDER $48. OVERTURE CENTER ALSO SUBSIDIZES AND SUPPORTS THE WORK OF NINE LOCAL, NONPROFIT RESIDENT ARTS COMPANIES WHO ANNUALLY SELL OVER 72,000 TICKETS TO THEIR PERFORMANCES. OVERTURE CENTER FULFILLS THE CORE OF ITS MISSION THROUGH FOURTEEN COMMUNITY ENGAGEMENT AND EDUCATIONAL PROGRAMS. AS A RESULT OF THESE PROGRAMS, NEARLY 180,000 PEOPLE ANNUALLY SEE A FREE PERFORMANCE OR VISUAL EXHIBIT. THIS REPRESENTS OVER 30% OF THE TOTAL EXPERIENCES OFFERED AT OVERTURE CENTER ANNUALLY. THE PROGRAMS INCLUDED 'OVERTURE ONSTAGE' THAT ANNUALLY ATTRACTS NEARLY 20,000 ELEMENTARY AND HIGH SCHOOL STUDENTS TO DAYTIME PERFORMANCES DURING THE SCHOOL YEAR AND 'KIDS IN THE ROTUNDA' THAT ANNUALLY ATTRACTS APPROXIMATELY 24,000 CHILDREN AND PARENTS TO FREE PERFORMANCES. VARIOUS UNIQUE SPACES WITHIN THE OVERTURE CENTER ARE AVAILABLE FOR RENT TO THE PUBLIC TO HOLD SPECIAL EVENTS AND MEETINGS. OVERTURE CENTER'S NATURE AS A COMMUNITY VISUAL AND PERFORMING ARTS CENTER PROVIDES FOR THE KIND OF EXPERIENCE UNAVAILABLE TO OTHER EVENT VENUES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,778,417

Program Service Revenue $17,734,289

Investment Income $647,709

Other Revenue $209,895

TOTAL REVENUE $34,370,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,784,977

Fundraising Expenses $1,204,020

Program Expenses $20,139,169

Other Expenses $13,652,644

TOTAL EXPENSES $23,580,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,370,310	$28,873,661	+0.2%
Expenses	$23,580,421	$27,444,636	-0.1%
Net Income	$10,789,889	$1,429,025	+6.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

484

Volunteers

500

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,027,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER VOGEL	CFO/CBO	40.00	Officer	$193,122	$11,865	$204,987
EMILY GRUENEWALD	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$176,730	$23,157	$199,887
TIMOTHY SAUERS	CHIEF ARTISTIC EXPERIENCES OFFICER	40.00	Officer	$170,095	$12,111	$182,206
MICHAEL CONWAY	CHIEF OPERATING OFFICER	40.00	Officer	$157,608	$17,565	$175,173
ED HOLMES	CHIEF EQUITY AND INNOVATION OFFICER	40.00	Officer	$139,881	$15,470	$155,351
CHRISTOPHER STUESSY	SR DIR. OF FINANCE AND TECH	40.00	Highest	$109,373	$9,892	$119,265
JENIE DAHLMANN	CHIEF MARKETING AND COMMUNICATION	40.00	Officer	$106,067	$3,357	$109,424
JAMES YEHLE	CHAIR	1.00	Officer Director	$0	$0	$0
TONY PATTERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREG PFLUGER	TREASURER	1.00	Officer Director	$0	$0	$0
LYNETTE FONS	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH MARTY	SECRETARY (THROUGH MAY)	1.00	Officer Director	$0	$0	$0
JOHN SURDYK	PAST CHAIR	1.00	Officer Director	$0	$0	$0
GLORIA REYES	DIRECTOR (THROUGH APRIL)	1.00	Director	$0	$0	$0
DEBORAH MEINERS	DIRECTOR	1.00	Director	$0	$0	$0
HANAH JON TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
EVERETT MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
ANDY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MARRIOTT	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BAUMGARTNER	DIRECTOR	1.00	Director	$0	$0	$0
JIM ST VINCENT	DIRECTOR	1.00	Director	$0	$0	$0
PENG HER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK PEREGRINE	DIRECTOR	1.00	Director	$0	$0	$0
KURT LIN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN HESLINGA	DIRECTOR	1.00	Director	$0	$0	$0
MARK CLEAR	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA BURISH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE VERVEER	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR MIRELES	DIRECTOR	1.00	Director	$0	$0	$0
KEN LAMMERSFELD	DIRECTOR	1.00	Director	$0	$0	$0
PHIL GREENWOOD	DIRECTOR	1.00	Director	$0	$0	$0
PABLO SANCHEZ	DIRECTOR (THROUGH SEPT)	1.00	Director	$0	$0	$0
JULIA ARATA-FRATTA	DIRECTOR (THROUGH SEPT)	1.00	Director	$0	$0	$0
JULIET AYLWARD	DIRECTOR (THROUGH SEPT)	1.00	Director	$0	$0	$0
KATIE DOWLING-MARCUS	DIRECTOR (THROUGH SEPT)	1.00	Director	$0	$0	$0
ANA HOOKER	DIRECTOR (THROUGH SEPT)	1.00	Director	$0	$0	$0
SABRINA MADISON	DIRECTOR (THROUGH SEPT)	1.00	Director	$0	$0	$0
JIM MATRAS	DIRECTOR (THROUGH SEPT)	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$34,370,310	$23,580,421	$45,502,905	$10,789,889
2023	$28,873,661	$27,444,636	$33,568,808	$1,429,025
2022	$26,325,539	$15,789,446	$36,201,318	$10,536,093
2021	$8,215,874	$4,845,543	$20,998,721	$3,370,331
2020	$22,693,680	$23,083,682	$18,811,955	$-390,002
2019	$18,406,761	$18,455,591	$19,278,557	$-48,830
2018	$18,325,247	$17,435,006	$16,758,109	$890,241