GLASS HALF FULL THEATRE

EIN: 822746471 501(c)(3) Arts, Culture & Humanities

AUSTIN, TX

Total Revenue
$338,468
Total Expenses
$272,098
Total Assets
$110,598
Net Assets
$107,514
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TX
Principal Officer
CAROLINE RECK
Phone
5127618266
Tax Period
2023-10-01 to 2024-09-30

GLASS HALF FULL THEATRE, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $338K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $66K, a strong 20% operating margin.

Mission

GLASS HALF FULL THEATRE (PUPPETRY OF OBJECTS & IDEAS) INNOVATES PERFORMANCE STRUCTURE AND AUDIENCE EXPERIENCE WITH ORIGINAL WORKS FEATURING BOTH HUMANS AND PUPPETS TO ADDRESS COMPLEX PROBLEMS THROUGH AN OPTIMISTIC LENS. OUR BILINGUAL PERFORMANCES SPOTLIGHT THE LATINX COMMUNITY, CROSSING LINGUISTIC AND CULTURAL BOUNDARIES TOWARDS THE HEART OF THE IMAGINATION, WHERE ARTISTS AND AUDIENCES EXAMINE HOW OPPRESSIVE POWER STRUCTURES WORK AND HOW THEY CAN BE OVERCOME.

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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 $155,400
Program Service Revenue $183,067
Investment Income $1
Other Revenue $0
TOTAL REVENUE $338,468

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,671
Fundraising Expenses $0
Program Expenses $258,493
Other Expenses $189,427
TOTAL EXPENSES $272,098

Year-over-Year Comparison

2023 2022 Change
Revenue $338,468 $307,228 +0.1%
Expenses $272,098 $300,307 -0.1%
Net Income $66,370 $6,921 +8.6%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
25

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
5
$42,696
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANN CARREON REYES PRESIDENT/CHAIR 5.00
Officer Director
$0 $0 $0
NITRA GUTIERREZ VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
SPRING KARLO SECRETARY 5.00
Officer Director
$0 $0 $0
ETTA SANDERS TREASURER 5.00
Officer Director
$0 $0 $0
GRIFFON WILDE MEMBER AT LARGE 5.00
Director
$0 $0 $0
DENISE GARZA STEUSLOFF MEMBER AT LARGE 5.00
Director
$0 $0 $0
MICHAEL DEWHATLEY MEMBER AT LARGE 5.00
Director
$0 $0 $0
DAVID AREVALO MEMBER AT LARGE 5.00
Director
$0 $0 $0
CAROLINE RECK CO-PRODUCING ARTISTIC DIRECTOR 35.00
Officer
$42,696 $0 $42,696
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 $338,468 $272,098 $110,598 $66,370
2023 $307,228 $300,307 $75,392 $6,921
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