Flatwater Collective

Nonprofit profile at a glance

EIN
932196794
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Omaha, NE, USA
Phone
4028509985
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$150,509
Expenses
$113,229
Assets
$105,414
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Anne Savery (Executive Director)
  • Kim Dunovan (Board Member - President)

People named in this filing

  • Anne Savery (Executive Director)
  • Kim Dunovan (Board Member - President)
  • Susan Hiley (Board Member - Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of Flatwater Collective is to promote and enhance the overall mental health and well-being of individuals in our communities by providing inclusive and equitable resources, education, and support in mindfulness and meditation skills and self-care practices.

What it reported doing in 2025

Mindfulness Academy: Flatwater Collective's Mindfulness Academy is comprised of multiple courses wherein students learn and practice mindfulness, meditation, and self-care skills. These programs combine time-honored, evidence-based practices with modern techniques to cultivate a balanced, healthy, and mindful lifestyle. Amongst other benefits, these teaching aim to reduce stress, improve relationships, and develop a deeper connection to one's self. Fees for these courses are reduced or waived entirely for students deemed eligible for scholarships. During the year-ended December 31, 2025, Flatwater instructed over 100 individuals in various Mindfulness Academy courses.

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 100
  • Sustainability: 62
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.6%; rating input score 59
  • Program expense ratio: 77.8%; rating input score 78

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 24.8%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 48.6%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 27.6% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: -3.4% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 43% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 58.6% of revenue deployed · 77.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $88K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.