MIDLAND COMMUNITY THEATRE INC

EIN: 756003774 501(c)(3) Arts, Culture & Humanities

MIDLAND, TX

Total Revenue
$3,741,519
Total Expenses
$2,729,034
Total Assets
$12,191,958
Net Assets
$11,320,211
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
TX
Principal Officer
CHRIS HALL
Phone
4326822544
Tax Period
2023-01-01 to 2023-12-31

MIDLAND COMMUNITY THEATRE INC, founded in 1946, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.0M, a strong 27% operating margin.

Mission

MCT exists for the further development of the Theatrical performing arts in the Permian Basin. This is primarily accomplished through two avenues. The primary is through the standard theatrical production of 8 annual pieces and 1 large performance based fundraiser. These shows vary in style and scope to impact the largest subsection of our community. The secondary is through MCT's education programming. DURING 2023, this programming was based around children ages 5-18, INCLUDING programming focused on engagement of youth with cognitive and developmental disabilities.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,652,165
Program Service Revenue $1,263,338
Investment Income $144,135
Other Revenue $681,881
TOTAL REVENUE $3,741,519

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,003,129
Fundraising Expenses $132,519
Program Expenses $2,110,308
Other Expenses $1,725,905
TOTAL EXPENSES $2,729,034

Year-over-Year Comparison

2023 2022 Change
Revenue $3,741,519 $6,519,408 -0.4%
Expenses $2,729,034 $2,540,373 +0.1%
Net Income $1,012,485 $3,979,035 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
30
Volunteers
600

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$108,321
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY JEBSEN Executive Dir. 40.00
Officer
$108,321 $0 $108,321
JESSI WILLMANN GOVERNOR 1.00
Director
$0 $0 $0
BRYCE GUERRERO GOVERNOR 1.00
Director
$0 $0 $0
BRAD BULLOCK Treasurer 1.00
Officer Director
$0 $0 $0
JEFF BRYDEN GOVERNOR 1.00
Director
$0 $0 $0
BRENNAN BERRY GOVERNOR 1.00
Director
$0 $0 $0
CASSANDRA CHEEK GOVERNOR 1.00
Director
$0 $0 $0
LAURA WOLF GOVERNOR 1.00
Director
$0 $0 $0
DEIDA ISBELL GOVERNOR 1.00
Director
$0 $0 $0
CHRIS HALL President 1.00
Officer Director
$0 $0 $0
STEVE POCZIK GOVERNOR 1.00
Director
$0 $0 $0
MARK KAUFMAN GOVERNOR 1.00
Director
$0 $0 $0
JOSH SPARKS Secretary 1.00
Officer Director
$0 $0 $0
BRAD MCGEE GOVERNOR 1.00
Director
$0 $0 $0
R SHAUN RAINEY GOVERNOR 1.00
Director
$0 $0 $0
JOHN WILKINSON GOVERNOR 1.00
Director
$0 $0 $0
LISA DURGIN PRESIDENT ELECT 1.00
Officer Director
$0 $0 $0
KENNY LUNDA GOVERNOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,741,519 $2,729,034 $12,191,958 $1,012,485
2022 $6,519,408 $2,540,373 $10,974,540 $3,979,035
2021 $4,564,986 $2,012,861 $6,948,370 $2,552,125
2020 $2,293,482 $1,793,964 $4,085,313 $499,518
2019 $2,170,936 $2,359,057 $3,715,767 $-188,121
2018 $2,187,647 $2,257,072 $3,768,019 $-69,425
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