STEPPENWOLF THEATRE COMPANY

EIN: 510149370 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$25,552,636
Total Expenses
$20,617,692
Total Assets
$111,439,122
Net Assets
$63,225,823
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
IL
Principal Officer
KEATING CROWN
Phone
3126545642
Tax Period
2023-09-01 to 2024-08-31

STEPPENWOLF THEATRE COMPANY, founded in 1975, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $25.6M in total revenue in fiscal year 2023. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 19% operating margin.

Mission

STEPPENWOLF IS AMERICA'S LEADING ENSEMBLE THEATER AND ARTS EDUCATION CENTER.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,557,664
Program Service Revenue $7,023,939
Investment Income $1,587,095
Other Revenue $383,938
TOTAL REVENUE $25,552,636

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,811,327
Fundraising Expenses $2,001,047
Program Expenses $14,402,468
Other Expenses $9,738,536
TOTAL EXPENSES $20,617,692

Year-over-Year Comparison

2023 2022 Change
Revenue $25,552,636 $12,210,403 +1.1%
Expenses $20,617,692 $22,258,190 -0.1%
Net Income $4,934,944 $-10,047,787 -1.5%
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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Governance

Voting Members
52
Independent Members
46
Employees
392
Volunteers
300

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
7
$912,415
Total Directors
55
$608,757
Key Employees
1
$192,179
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUDREY FRANCIS CO-ARTISTIC DIRECTOR 40.00
Officer Director
$251,972 $33,698 $285,670
GLENN DAVIS CO-ARTISTIC DIRECTOR 40.00
Officer Director
$249,610 $9,020 $258,630
KAREN RODRIGUEZ TRUSTEE 5.00
Director
$28,271 $0 $28,271
SANDRA MARQUEZ TRUSTEE 5.00
Director
$19,142 $0 $19,142
YASEN PEYANKOV TRUSTEE 5.00
Director
$16,044 $0 $16,044
VERETT MIMS TRUSTEE 5.00
Director
$1,000 $0 $1,000
KEATING CROWN PRESIDENT 5.00
Officer Director
$0 $0 $0
CHRISTOPHER M MURPHY SECRETARY 5.00
Officer Director
$0 $0 $0
CAROLE L BROWN TREASURER 5.00
Officer Director
$0 $0 $0
STEPHANIE B SMITH VICE CHAIR 5.00
Officer Director
$0 $0 $0
AIMEE GRAHAM TRUSTEE 5.00
Director
$0 $0 $0
AMY BLUHM TRUSTEE 5.00
Director
$0 $0 $0
AMY ESHLEMAN TRUSTEE 5.00
Director
$0 $0 $0
ANNE M PHILLIPS TRUSTEE 5.00
Director
$0 $0 $0
ASHEESH GOEL TRUSTEE 5.00
Director
$0 $0 $0
BETH BOOSALIS DAVIS TRUSTEE 5.00
Director
$0 $0 $0
BRENDA ROBINSON TRUSTEE 5.00
Director
$0 $0 $0
BRUCE SAGAN TRUSTEE 5.00
Director
$0 $0 $0
BRYCE COOPER TRUSTEE 5.00
Director
$0 $0 $0
BRYAN TRAUBERT TRUSTEE 5.00
Director
$0 $0 $0
CARI B SACKS TRUSTEE 5.00
Director
$0 $0 $0
CHANEL W CONEY TRUSTEE 5.00
Director
$0 $0 $0
CHRIS KEOGH TRUSTEE 5.00
Director
$0 $0 $0
COLETTE CACHEY SMITHBURG TRUSTEE 5.00
Director
$0 $0 $0
D CAMERON FINDLAY TRUSTEE 5.00
Director
$0 $0 $0
DAVID BLOWERS JR TRUSTEE 5.00
Director
$0 $0 $0
DAVID E MENDELSOHN TRUSTEE 5.00
Director
$0 $0 $0
DEBORAH QUAZZO TRUSTEE 5.00
Director
$0 $0 $0
DENNIS CHOOKASZIAN TRUSTEE 5.00
Director
$0 $0 $0
DENNIS D HOWARTER TRUSTEE 5.00
Director
$0 $0 $0
DOUGLAS R BROWN TRUSTEE 5.00
Director
$0 $0 $0
ELIZABETH INGRAM TRUSTEE - PART YEAR 5.00
Director
$0 $0 $0
ELLIOT A STULTZ TRUSTEE 5.00
Director
$0 $0 $0
HELEN ZELL TRUSTEE 5.00
Director
$0 $0 $0
JEFF JOZWIAK TRUSTEE 5.00
Director
$0 $0 $0
JON MICHAEL HILL TRUSTEE 5.00
Director
$0 $0 $0
L HEATHER MITCHELL TRUSTEE 5.00
Director
$0 $0 $0
LIZ KRAMER LEFKOFSKY TRUSTEE 5.00
Director
$0 $0 $0
LYNN LOCKWOOD MURPHY TRUSTEE 5.00
Director
$0 $0 $0
MATTHEW SHAPIRO TRUSTEE 5.00
Director
$0 $0 $0
MEREDITH BLUHM-WOLF TRUSTEE - PART YEAR 5.00
Director
$0 $0 $0
MICHAEL BRENNAN TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL W BENDER TRUSTEE 5.00
Director
$0 $0 $0
NORA DALEY TRUSTEE 5.00
Director
$0 $0 $0
PAUL GOODRICH TRUSTEE 5.00
Director
$0 $0 $0
RACQUEL HARRIS TRUSTEE 5.00
Director
$0 $0 $0
REBECCA L JOHNSTON TRUSTEE 5.00
Director
$0 $0 $0
RICH FEITLER TRUSTEE 5.00
Director
$0 $0 $0
RITU DHINGRA TRUSTEE 5.00
Director
$0 $0 $0
ROBERT J GREENBAUM JR TRUSTEE - PART YEAR 5.00
Director
$0 $0 $0
ROBERT S RIVKIN TRUSTEE 5.00
Director
$0 $0 $0
RONALD J MALLICOAT JR TRUSTEE 5.00
Director
$0 $0 $0
SUSAN O BERGHOEF TRUSTEE 5.00
Director
$0 $0 $0
SUSAN STONE TRUSTEE 5.00
Director
$0 $0 $0
TARELL ALVIN MCCRANEY TRUSTEE 5.00
Director
$0 $0 $0
ELIZABETH BROOKE FLANAGAN EXECUTIVE DIRECTOR 40.00
Officer
$319,070 $49,045 $368,115
ERIC EVENSKAAS DIRECTOR OF DEVELOPMENT 40.00
Key Emp
$161,156 $31,023 $192,179
THOMAS PEARL PRODUCING DIRECTOR 40.00
Highest
$125,999 $19,397 $145,396
MARIA NONDORF DIRECTOR OF FINANCE 40.00
Highest
$116,994 $12,554 $129,548
PENNYMARIA JACKSON DIRECTOR OF MARKETING & COMMUNICATIONS 40.00
Highest
$117,122 $8,665 $125,787
JENNIFER HOYT DIRECTOR OF SPECIAL PROJECTS 40.00
Highest
$106,747 $12,212 $118,959
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
2024 $25,552,636 $20,617,692 $111,439,122 $4,934,944
2023 $12,210,403 $22,258,190 $112,942,728 $-10,047,787
2022 $28,518,890 $18,320,611 $121,993,585 $10,198,279
2021 $10,370,800 $10,994,375 $121,972,303 $-623,575
2020 $14,170,622 $17,560,870 $120,941,523 $-3,390,248
2019 $29,811,780 $19,090,322 $120,790,894 $10,721,458
2018 $34,420,238 $17,965,745 $74,108,532 $16,454,493
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