McKinney Repertory Theatre
Nonprofit profile at a glance
- EIN
- 331042926
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- McKinney, TX, USA
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $168,034
- Expenses
- $151,028
- Assets
- $138,102
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Dale G Gutt (President)
- Kent Phillips (Vice-President)
- Davina Gazo Stampfel (Executive Director)
People named in this filing
- Dale G Gutt (President)
- Kent Phillips (Vice-President)
- Michele Crabtree (Treasurer)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Community Theater
What it reported doing in 2024
The mission and purpose of McKinney Repertory Theatre MRT is to present live theater productions for the cultural education entertainment and inspiration of our community. Over the course of our fiscal year MRT presented four different shows. We also partnered with experts and community leaders to offer conversations and panel discussions in conjunction with our shows which were educational inspirational and relative to the stories we presented on stage. All expenses incurred by MRT were in relation to producing our four shows for the year costs such as theater rental show licensing marketing costuming props printing set design build as well as ongoing business expenses for items such as our storage facility and small office space liability insurance etc. Records indicate we had nearly 5,600 audience members attend the 32 performances of these shows or an average of 174 attendees per performance.
Operating model
- Revenue model
- Earned-program. 66% of the money available for current operations came from fees and other program revenue.
- 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.9%; rating input score 90
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 10.1%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.91; rating input score 56; 56th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 13.6%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: 23.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 8.6% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 19.4% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 89.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $151K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Sustainability: Operating margin scored 58/100.
- Review — Sustainability: Total-asset coverage ratio scored 56/100.
- High — Sustainability: Officer compensation ratio scored 19/100.