Flatwater Shakespeare Company
Nonprofit profile at a glance
- EIN
- 201712203
- IRS 990-EZ coverage
- 2011–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2015
- Location
- Lincoln, NE, USA
- Phone
- 4103020082
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $59,372
- Expenses
- $54,590
- Assets
- $75,417
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
People named in this filing
- KELLY STAGE (BOARD CHAIR)
- ROB SHARP (BOARD VICE C)
- JEFF KORBELIK (BOARD SECRET)
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
Education and performance of shakespeare
What it reported doing in 2025
Romeo and juliet - live production - audience:551
Operating model
- Revenue model
- Donor-supported. 72% 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
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 24
- Transparency & Controls: 100
- Sustainability: 44
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 22.6%; rating input score 23
- Program expense ratio: 24.6%; rating input score 25
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 8.1%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 1.38; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 39.8%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: -11.2% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: -0.4% per year; rating input score 0; 48th percentile among comparable filings
- Asset growth: 14.2% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 22.6% of revenue deployed · 24.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $13K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 23/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Officer compensation ratio scored 4/100.