Metropolitan Ballet Inc

Nonprofit profile at a glance

EIN
824780650
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Wichita, KS, USA
Phone
3167687180
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$127,171
Expenses
$117,506
Assets
$152,759
Liabilities
$1,345

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • PETE MCKERNAN (PRESIDENT)

People named in this filing

  • LANELLE MCKERNAN (SECRETARY)
  • LILLIAN BARTLETT (TREASURER)
  • JILL LANDRITH EWONUS (ARTISTIC DIR)

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

Metropolitan ballet inc is the first and foremost a performing dance company. Our mission is to inspire a lasting love and appreciation for dance through exhilarating performances and impactful education, ensuring a sustainable business platform and encouraging excellence on both sides of the curtain.

What it reported doing in 2024

Park performances, master class, & heartland festival performance, 69 dancers, 2,643 patrons and 36 volunteers

Operating model

Revenue model
Earned-program. 79% 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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 82
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.6%; rating input score 91
  • Program expense ratio: 97.9%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 7.6%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 1.3; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 7.2%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 13.4% per year; rating input score 100; 68th percentile among comparable filings
  • Revenue growth: 10.6% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 90.6% of revenue deployed · 97.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $115K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2018 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 53/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.