Flatwater Shakespeare Company
Flatwater Shakespeare Company faces fluctuating revenues and frequent operating deficits, relying on past surpluses or external support.
EIN: 201712203 · Lincoln, NE · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $79K |
| Program Spending | 70% |
| Net Assets | $93K |
| Transparency Score | 75/100 |
Is Flatwater Shakespeare Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flatwater Shakespeare Company directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Flatwater Shakespeare Company
Flatwater Shakespeare Company (EIN: 201712203) is a nonprofit organization based in Lincoln, NE, classified under NTEE code A65. The organization reported total revenue of $52K and total assets of $71K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flatwater Shakespeare Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Flatwater Shakespeare Company is a micro nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $79K |
| Surplus / Deficit | $-28,756 |
| Total Assets | $93K |
| Net Assets | $93K |
| Operating Margin | -57.0% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2023, Flatwater Shakespeare Company reported a deficit of $29K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Flatwater Shakespeare Company's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.5% | +6.4% | -23.6% |
| 2022 | +219.7% | -0.2% | +289.6% |
| 2021 | -34.8% | +16.6% | -41.6% |
| 2020 | -17.8% | -23.7% | +40.5% |
| 2019 | +64.8% | +61.0% | +46.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flatwater Shakespeare Company with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Flatwater Shakespeare Company allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization or one where top leadership is not compensated, which is highly efficient for an organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Flatwater Shakespeare Company's IRS 990 filings:
- Frequent operating deficits (e.g., 2023, 2021, 2017, 2012)
- Highly volatile revenue streams
Strengths
The following positive indicators were identified for Flatwater Shakespeare Company:
- Consistent IRS 990 filing history (11 filings)
- Zero reported officer compensation, indicating efficient leadership costs
- Growing asset base, reaching $93,200 in 2023
Frequently Asked Questions about Flatwater Shakespeare Company
Is Flatwater Shakespeare Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Flatwater Shakespeare Company (EIN: 201712203) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Flatwater Shakespeare Company spend its money?
Flatwater Shakespeare Company directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Flatwater Shakespeare Company tax-deductible?
Flatwater Shakespeare Company is registered as a tax-exempt nonprofit (EIN: 201712203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Flatwater Shakespeare Company's spending goes to programs?
Flatwater Shakespeare Company directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Flatwater Shakespeare Company compare to similar nonprofits?
With a transparency score of 75/100 (Good), Flatwater Shakespeare Company is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Flatwater Shakespeare Company located?
Flatwater Shakespeare Company is headquartered in Lincoln, Nebraska and files with the IRS under EIN 201712203. It is classified under NTEE code A65.
How many years of IRS 990 filings does Flatwater Shakespeare Company have?
Flatwater Shakespeare Company has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $52K in total revenue.
Is Flatwater Shakespeare Company financially stable?
The organization's financial stability is moderate. While assets have grown to $93,200 in 2023, it frequently operates at a deficit, with expenses exceeding revenue in multiple years (e.g., $79,241 expenses vs. $50,485 revenue in 2023). This suggests a reliance on accumulated reserves or other funding sources to cover operational gaps.
How does Flatwater Shakespeare Company manage its expenses?
Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess expense management. However, the consistent reporting of 0% officer compensation suggests a very lean administrative structure at the top.
What is the trend in Flatwater Shakespeare Company's revenue?
Revenue has been highly volatile, ranging from a low of $50,485 in 2023 to a high of $165,622 in 2022. This fluctuation indicates an inconsistent income stream, which could be challenging for long-term planning.
Filing History
IRS 990 filing history for Flatwater Shakespeare Company showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Flatwater Shakespeare Company's revenue has declined by 38.5%, moving from $82K to $50K. Total assets increased by 1231.8% over the same period, from $7K to $93K. Total functional expenses fell by 0.4%, from $80K to $79K. In its most recent filing year (2023), Flatwater Shakespeare Company reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $79K | $93K | $0 | — | — |
| 2022 | $166K | $74K | $122K | $12 | — | View 990 |
| 2021 | $52K | $75K | $31K | $487 | — | — |
| 2020 | $79K | $64K | $54K | $0 | — | — |
| 2019 | $97K | $84K | $38K | $0 | — | View 990 |
| 2018 | $59K | $52K | $26K | $0 | — | View 990 |
| 2017 | $65K | $73K | $20K | $0 | — | View 990 |
| 2016 | $79K | $62K | $28K | $0 | — | View 990 |
| 2013 | $61K | $48K | $13K | $0 | — | View 990 |
| 2012 | $67K | $74K | $499 | $0 | — | View 990 |
| 2011 | $82K | $80K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $79K, and assets of $93K (revenue -69.5% year-over-year).
- 2022: Revenue of $166K, expenses of $74K, and assets of $122K (revenue +219.7% year-over-year).
- 2021: Revenue of $52K, expenses of $75K, and assets of $31K (revenue -34.8% year-over-year).
- 2020: Revenue of $79K, expenses of $64K, and assets of $54K (revenue -17.8% year-over-year).
- 2019: Revenue of $97K, expenses of $84K, and assets of $38K (revenue +64.8% year-over-year).
- 2018: Revenue of $59K, expenses of $52K, and assets of $26K (revenue -10.1% year-over-year).
- 2017: Revenue of $65K, expenses of $73K, and assets of $20K (revenue -17.9% year-over-year).
- 2016: Revenue of $79K, expenses of $62K, and assets of $28K (revenue +30.9% year-over-year).
- 2013: Revenue of $61K, expenses of $48K, and assets of $13K (revenue -9.9% year-over-year).
- 2012: Revenue of $67K, expenses of $74K, and assets of $499 (revenue -17.9% year-over-year).
- 2011: Revenue of $82K, expenses of $80K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Flatwater Shakespeare Company:
Data Sources and Methodology
This transparency report for Flatwater Shakespeare Company is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.