Omaha Theater Company

Nonprofit profile at a glance

EIN
470494912
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Omaha, NE, USA
Phone
4023454849
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$5,710,738
Expenses
$5,976,322
Assets
$9,965,226
Liabilities
$3,135,154

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • MICHELLE SMITHBERG (PAST PRESIDENT)
  • DEVIN OWENS (VICE PRESIDENT MARK/DEV)
  • DEBORA WISNESKI (PRESIDENT)
  • BILL STOTT (PAST PRESIDENT)

Highest reported compensation

  • JULIE WALKER (MANAGING DIRECTOR): $121,958 total reported compensation
  • MATT GUTSCHICK (ARTISTIC DIRECTOR): $110,868 total reported compensation
  • JANELLE KUPKA (FINANCE DIRECTOR): $93,058 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To inspire young people and their families to discover the magic of theater, find their voices, and enrich their communities. Theater is utilized as a tool in the educational and social development of young people to provide formal education in the performing arts.

What it reported doing in 2024

Education - the omaha theater company was one of the first in omaha to offer classes in the theater arts, and today, stands as a leading program and training ground for young artists interested in pursuing a career in theater. The education program includes three main areas. Field trips, tours and workshops - elementary school students of all ages attend shows or workshops or have touring shows and workshops presented a their schools. The theater works with over 70 area schools and serves more than 35,000 students every year. Drama education - drama classes promote creativity and provide students with an environment to explore their talent and imagination. In drama classes, young people learn how to use their bodies to tell as story, use their voice, and how to stretch their imagination. Classes include acting, directing, playwriting, improv, stagecraft, puppetry, filmmaking, and more. Broadway - broadway at the rose is a complete musical theater, voice, acting and dance training program for students who want to perform. In broadway classes, young people hone their skills and prepare to take the stage at school, in community productions, and even on the rose mainstage.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.6%; rating input score 85
  • Program expense ratio: 80.5%; rating input score 81
  • Fundraising efficiency: $22.93 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -4.7%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 5.5%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 49th percentile among comparable filings
  • Revenue growth: 4% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 13.7% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 84.6% of revenue deployed · 80.5% of spending went to programs
  • Governance: 20 of 20 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $4.8M in reported program spending
  • Leadership: top reported pay $122K · 23 people listed
  • Consistency: 36 of 36 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 11 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Sustainability: Operating margin scored 21/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
  • Review — Sustainability: Officer compensation ratio scored 50/100.