Midland Community Theatre Inc
Nonprofit profile at a glance
- EIN
- 756003774
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Midland, TX, USA
- Phone
- 4326822544
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $3,306,432
- Expenses
- $2,965,022
- Assets
- $12,626,969
- Liabilities
- $954,215
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- CHRIS HALL (PAST President)
- JOSH SPARKS (PRESIDENT ELECT)
- LISA DURGIN (President)
Highest reported compensation
- TIMOTHY JEBSEN (Executive Dir.): $70,858 total reported compensation
- ADAM SAHLI (Executive Dir.): $57,841 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Midland community theatre provides opportunities for all people af all ages to participate in and experience qualtiy theatre arts and education.
What it reported doing in 2024
ACHIEVEMENTS INCLUDE THE Patron Experience, WHICH is the backbone of MCT'scultural and artistic footprint. Annually, providing over 23,000 audience members the ability to engage with theatrical productions in the Permian Basin.IN THE Volunteer Services program, MCT provides opportunities for local volunteers to perform, create and operate theatrical productions. No volunteer is required to pay to be a part of MCT productions, creating a charitable opportunity for artistic expression at the highest levels for non-professionals.MCT HAS A longstanding and extensive educational program THAT provides theatrical exploration and training opportunities for children aged 3-18. Programs have been devised to engage students of all skills and abilities; including a specialized course for students with cognitive and developmental disabilities.
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 95% 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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 86
- Accountability: 90
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.1%; rating input score 69
- Program expense ratio: 75.4%; rating input score 75
- Fundraising efficiency: $11.93 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.3%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 4.26; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 64; 64th percentile among comparable filings
- Officer compensation ratio: 4.3%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 6.5% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 5% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 69.1% of revenue deployed · 75.4% of spending went to programs
- Governance: 17 of 17 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.2M in reported program spending
- Leadership: top reported pay $71K · 19 people listed
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 43/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Officer compensation ratio scored 58/100.