Watershed Public Theatre

Nonprofit profile at a glance

EIN
473269124
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2017
Location
Columbia, TN, USA
Phone
6154309484
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Reported finances

Revenue
$111,720
Expenses
$109,446
Assets
$30,571
Liabilities
$20,881

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

Leadership & pay

10 people listed

Executive titles in this filing

  • COLBY BLOCK (President)
  • BEVERLY MITCHELL (Vice President)

People named in this filing

  • COLBY BLOCK (President)
  • BEVERLY MITCHELL (Vice President)
  • JOHN SCHWERI (Treasurer)

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

We believe that theatre is the ultimate collaborative art and invite the whole community to be part of that collaboration, bringing together arts professionals, volunteers, students, and patrons to share in the illumination that only live performance can provide. While striving for the highest quality of artistic and educational experiences, we maintain our focus on nurturing community and practicing social and environmental responsibility.

What it reported doing in 2024

Conducted plays for local performers and audiences to promote the theatre arts in local communities.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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: 95
  • Transparency & Controls: 100
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.4%; rating input score 94
  • Program expense ratio: 96.4%; rating input score 96

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: 2%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 24; 24th percentile among comparable filings
  • Liabilities to assets ratio: 0.68; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 21.1% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 18.2% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 94.4% of revenue deployed · 96.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $106K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 40/100.
  • High — Sustainability: Total-asset coverage ratio scored 24/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.