Ktc Conservancy

Nonprofit profile at a glance

EIN
815216463
IRS 990-EZ coverage
2018–2020
Forms available
Form 990-EZ 2020
Location
Dallas, TX, USA
Phone
9728401516
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$2,601
Expenses
$1,108
Assets
$5,853
Liabilities
$8,258

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ANN ABERNATHY (President)
  • MARION FLORES (Vice President)

People named in this filing

  • ANN ABERNATHY (President)
  • MARION FLORES (Vice President)
  • CHRISTOPHER WALTHALL (Director)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the KTC is to restore the Kalita Humpreys Theatre at Turtle Creek in Dallas to meet Frank Lloyd Wright's original intentions and to be a modern, flexible facility for theater-making. The theatre is a designated hirstoric landmark and is in need of major physical and aesthetic improvements.

What it reported doing in 2020

Consultants were hired to direct the project in the areas of marketing and theatre design.

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

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 73
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.6%; rating input score 43
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 57.4%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 5.28; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 1.41; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -26.6% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -43.5% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -3.9% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 42.6% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $1K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2018 to 2020
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.