Merit Theatre Company Inc
Nonprofit profile at a glance
- EIN
- 830647346
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2022
- Location
- Burlington, KY, USA
- Phone
- 8597951860
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
- Affiliation
- Christianity
Reported finances
- Revenue
- $68,768
- Expenses
- $55,460
- Assets
- $201,711
- Liabilities
- $9,601
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Benjamin Iocco (Founder, President & Co-Artistic Director)
- Kaitlyn Iocco (Founder, Vice President & Co-Artistic Director)
People named in this filing
- Benjamin Iocco (Founder, President & Co-Artistic Director)
- Kaitlyn Iocco (Founder, Vice President & Co-Artistic Director)
- Tiffany Winkler (Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Merit Theatre Company will provide communities of Kentucky, Ohio, Indiana, and surrounding areas with professional quality, family-friendly, faith-based entertainment. The specific objectives and purpose of this organization shall be: a. To provide opportunities for local talent to participate in a professional quality, competitive, but welcoming environment; b. To provide local talent of all ages and experience levels a safe, spiritual, and nurturing environment in which to hone their crafts; c. To provide the communities of local areas and visitors to those areas with inspiring productions of the highest possible quality, including but not limited to musicals, plays, concerts, and original works; d. To produce wholesome works that both (1) are consistent with the Christian worldview and (2) address real world issues and situations while ultimately pointing the way to Christ.
What it reported doing in 2025
Merit Theatre Company & Orchestra presents "It's a Wonderful Life." Our Christmas production is performed four times over one weekend, providing a warm welcome to the Christmas era to hundreds of patrons.
Operating model
- Revenue model
- Earned-program. 84% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.9%; rating input score 68
- Program expense ratio: 84.2%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 19.4%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 3.64; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 3.6%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: -18.8% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -5.3% per year; rating input score 0; 33rd percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 67.9% of revenue deployed · 84.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $47K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 2 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.