Ritz Cultural Events Center Inc
Nonprofit profile at a glance
- EIN
- 272518271
- IRS 990-EZ coverage
- 2010–2011
- Forms available
- Form 990-EZ 2011
- Location
- Midland, TX, USA
- Phone
- 4326853306
- Rating confidence
- Limited
- Sector
- Performing Arts Centers
Reported finances
- Revenue
- $138,975
- Expenses
- $29,826
- Assets
- $271,079
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
7 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide affordable access to a total range of arts, providing our community the opportunity to experience and enjoy all facets of the visual, literary and performing arts, while providing audience access for artists and artisans - local, regional, national and international, and promoting the revitalization of downtown Midland.
What it reported doing in 2011
We are fundraising for the renovation of an historic theatre to be a cultural events center as the focal point of a downtown, main street USA venue.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 76
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 78.5%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 9.09; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 33% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 120.1% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2010 to 2011
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.