CLEAR SPACE THEATRE COMPANY

EIN: 201712916 501(c)(3) Arts, Culture & Humanities

REHOBOTH BEACH, DE

Total Revenue
$1,554,334
Total Expenses
$1,245,585
Total Assets
$2,233,312
Net Assets
$1,615,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
DE
Principal Officer
LAURA MASON
Phone
3022272270
Tax Period
2023-01-01 to 2023-12-31

CLEAR SPACE THEATRE COMPANY, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $309K, a strong 20% operating margin.

Mission

TO INSPIRE AUDIENCES, ARTISTS, AND STUDENTS THROUGH HIGH-QUALITY PERFORMANCES AND EDUCATIONAL EXPERIENCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $661,970
Program Service Revenue $788,381
Investment Income $33,715
Other Revenue $70,268
TOTAL REVENUE $1,554,334

Expense Breakdown

Grants Paid $8,743
Salaries & Benefits $370,697
Fundraising Expenses $72,298
Program Expenses $990,511
Other Expenses $866,145
TOTAL EXPENSES $1,245,585

Year-over-Year Comparison

2023 2022 Change
Revenue $1,554,334 $700,364 +1.2%
Expenses $1,245,585 $1,065,667 +0.2%
Net Income $308,749 $-365,303 -1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
19
Volunteers
115

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
14
$141,104
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BUTTON ARTISTIC DIRECTOR, EX-OFFICIO 040.00
Director
$82,767 $0 $82,767
PAUL PARSONS FORMER MANAGING DIRECTOR, EX-OFFICIO 040.00
Director
$45,837 $0 $45,837
JOE GFALLER MANAGING DIRECTOR, EX-OFFICIO 040.00
Director
$12,500 $0 $12,500
LAURA MASON BOARD CHAIR 010.00
Officer Director
$0 $0 $0
JAY ALLEN VICE CHAIR 005.00
Officer Director
$0 $0 $0
MEGAN NEHRBAS SECRETARY 005.00
Officer Director
$0 $0 $0
BRIAN ELLIS TREASURER 005.00
Officer Director
$0 $0 $0
ALI DISABATINO DIRECTOR 003.00
Director
$0 $0 $0
JESS BAIN DIRECTOR 003.00
Director
$0 $0 $0
JOHN CULLEN DIRECTOR 003.00
Director
$0 $0 $0
LAURA HOWARD DIRECTOR 003.00
Director
$0 $0 $0
IDA ROWE DIRECTOR 003.00
Director
$0 $0 $0
JOE STERNER DIRECTOR 003.00
Director
$0 $0 $0
ALFRED WILLIS DIRECTOR 003.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,554,334 $1,245,585 $2,233,312 $308,749
2022 $700,364 $1,065,667 $1,386,257 $-365,303
2021 $1,868,584 $921,920 $3,738,787 $946,664
2020 $926,023 $794,051 $3,059,202 $131,972
2019 $1,428,545 $986,218 $2,774,016 $442,327
2018 $973,540 $900,680 $192,652 $72,860
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