MIDLAND COMMUNITY THEATRE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

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

MIDLAND COMMUNITY THEATRE PROVIDES OPPORTUNITIES FOR ALL PEOPLE AF ALL AGES TO PARTICIPATE IN AND EXPERIENCE QUALTIY THEATRE ARTS AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $2,110,308

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...

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.

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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%)

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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$108,321

Total Directors

Key Employees

Highest Compensated

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