Mad Cow Theatre Inc

Nonprofit profile at a glance

EIN
593575599
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Orlando, FL, USA
Phone
4072978788
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$280,711
Expenses
$834,473
Assets
$3,005,822
Liabilities
$845,451

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

Leadership & pay

6 people listed

Executive titles in this filing

  • WILLIAM BOLES (PRESIDENT)

Highest reported compensation

  • MITZI MAXWELL (EX. OFFICIO): $50,769 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Guided in the belief theatre is a dynamic means to social understanding, mad cow theatre, inc. Presents entertaining theatrical works to an ever-widening audience promoting, enhancing, and celebrating the human condition through art.

What it reported doing in 2020

Mad cow theatre is celebrating its 24th season as one of orlando's most respected professional theatre companies, committed to presenting compelling works of theatre for a wide range of audiences, with a passion for both classic and contemporary plays representing the best of american and world literature. Mad cow theatre attracts the areas most talented actors, designers, and directors. A mainstay of the company is its dedication to the process of creating theatre, incorporating in-depth rehearsal and research periods along with a nurturing collaborative process. Mad cow theatre has continually expanded at a pace that reflects the need of the city around it, and today is no exception. Each year the theatre produces a ten play season, a spanish theatre reading series, a science play festival and a cabaret festival. Other activities include a touring performance in the schools, talkbacks and classes connecting the organization with the community.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 28
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 70.9%; rating input score 71
  • Fundraising efficiency: $3.76 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -197.3%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 3.6; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -7.2% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -11.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 70.9% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $591K in reported program spending
  • Leadership: top reported pay $51K · 6 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 12 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.