GREAT PLAINS THEATRE COMMONS

EIN: 843530737 501(c)(3) Arts, Culture & Humanities

OMAHA, NE

Total Revenue
$858,782
Total Expenses
$691,613
Total Assets
$270,754
Net Assets
$270,754
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NE
Principal Officer
DIANE WATSON
Phone
4022044482
Tax Period
2024-07-01 to 2025-06-30

GREAT PLAINS THEATRE COMMONS, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $859K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $167K, a strong 19% operating margin.

Mission

THE MISSION OF THE GREAT PLAINS THEATRE COMMONS IS TO STRENGTHEN COMMUNITY BY SUPPORTING THE CREATION AND SHARING OF DIVERSE NEW STORIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $843,519
Program Service Revenue $7,232
Investment Income $5,838
Other Revenue $2,193
TOTAL REVENUE $858,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $315,183
Fundraising Expenses $0
Program Expenses $473,243
Other Expenses $376,430
TOTAL EXPENSES $691,613

Year-over-Year Comparison

2024 2023 Change
Revenue $858,782 $451,113 +0.9%
Expenses $691,613 $605,953 +0.1%
Net Income $167,169 $-154,840 -2.1%
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
11
Independent Members
N/A
Employees
6
Volunteers
13

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
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE WATSON PRESIDENT 1.00
Officer Director
$0 $0 $0
CECILIA POON SECRETARY 1.00
Officer Director
$0 $0 $0
DIANE COFFIN TREASURER 1.00
Officer Director
$0 $0 $0
RAYDELL CORDELL III DIRECTOR 1.00
Director
$0 $0 $0
JUAN PADILLA DIRECTOR 1.00
Director
$0 $0 $0
MARINA ROSADO DIRECTOR 1.00
Director
$0 $0 $0
KATHY TYREE DIRECTOR 1.00
Director
$0 $0 $0
NINA WASHINGTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
HUGO ZAMORANO DIRECTOR 1.00
Director
$0 $0 $0
RONALD J ZANK DIRECTOR 1.00
Director
$0 $0 $0
EMILIANO LERDA COMMUNITY ADVISOR 1.00
Director
$0 $0 $0
MAGGIE ROSSITER LEGAL COUNSEL 1.00
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
2025 $858,782 $691,613 $270,754 $167,169
2024 $451,113 $605,953 $126,801 $-154,840
2023 $682,057 $611,199 $261,964 $70,858
2022 $441,677 $604,955 $198,628 $-163,278
2021 $429,321 $274,487 $354,460 $154,834
2021 $429,321 $260,862 $368,099 $168,459
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