Hennepin Theatre Tr: $45.1M Revenue, $45.0M Expenses

The efficiency rubric puts Hennepin Theatre Tr at a B grade: a composite of 78/100 that lands above the national midpoint. The grade reflects solid financial reserves alongside reasonable officer compensation and steady revenue.

At $45.1M in 2023 revenue, Hennepin Theatre Tr sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. On the reserves factor, Hennepin Theatre Tr scores well — assets relative to annual spending sit in the range nonprofit-finance experts consider healthy (roughly three months to two years of operating expenses).

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation is modest relative to organizational size: Hennepin Theatre Tr reports $608,167 in total compensation for current officers and key employees (Form 990 Part IX, line 5) against $45.1M in revenue. The ratio is well within the bands third-party charity raters consider reasonable at this scale. Hennepin Theatre Tr sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.