Nimbus Theatre
Nonprofit profile at a glance
- EIN
- 721600544
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6126189855
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $144,159
- Expenses
- $171,102
- Assets
- $72,025
- Liabilities
- $174,737
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- Liz Neerland (Director)
- Jill Hoeft (Treasurer)
- Josh Cragun (Director)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Presenting experimental theater.
What it reported doing in 2024
Nimbus theatre is a playwright-led devised theater group, based in Northeast Minneapolis. Founded in 2001, our work is created collaboratively using methods we have been developing since our inception.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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: 28
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.2%; rating input score 30
- Program expense ratio: 25.4%; rating input score 25
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -18.7%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 0.42; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 2.43; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -1.6% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: 4.9% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: -10.7% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 30.2% of revenue deployed · 25.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $43K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- High — Sustainability: Operating margin scored 9/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.