TESSITURA NETWORK INC (EIN 061666165) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

ANDREW RECINOS

Phone

8886435778

Tax Period

2024-01-01 to 2024-12-31

TESSITURA NETWORK INC, founded in 2002, is a mid-sized nonprofit that reported $67.9M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

Tessitura network, Inc. operates for the benefit of and to support the members of its network. Substantially all members of the network are organizations or entities organized to operate arts, cultural and educational organizations, or are parts of government organizations, that are operated exclusively to further arts, cultural and educational purposes.

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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 (2024)

Revenue Breakdown

Contributions & Grants $883,968

Program Service Revenue $62,295,601

Investment Income $490,696

Other Revenue $4,195,713

TOTAL REVENUE $67,865,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,602,270

Fundraising Expenses $0

Program Expenses $63,927,246

Other Expenses $24,499,228

TOTAL EXPENSES $69,101,498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,865,978	$62,610,581	+0.1%
Expenses	$69,101,498	$63,084,768	+0.1%
Net Income	$-1,235,520	$-474,187	+1.6%

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

280

Volunteers

180

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

$610,004

Total Directors

$610,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW RECINOS	President & CEO	50.00	Officer Director	$572,030	$37,974	$610,004
KARYN ELLIOTT	CHIEF MEMBER OFFICER	50.00		$348,761	$34,167	$382,928
JOHN JAKOVICH	CHIEF INNOVATION OFFICER	50.00		$341,775	$32,644	$374,419
CHARLES REIF	CHF ENG/CO-FOUND.	50.00		$345,067	$24,225	$369,292
MARA HAZZARD-WALLINGFORD	CHIEF GROWTH OFFICER	50.00		$337,141	$27,655	$364,796
DAVID PEARCE	CHIEF OPERATING OFFICER	50.00		$297,397	$64,769	$362,166
JEFFREY OLIVER	VP, HOSTING	50.00		$249,816	$16,103	$265,919
DAHLIA KANG	vp-finance	50.00		$229,395	$27,475	$256,870
CHRISTOPHER SZALAJ	VP, ENGINEERING	50.00		$220,205	$24,661	$244,866
LAURA BOWDEN	VP OF PEOPLE	50.00		$203,911	$19,329	$223,240
GILLIAN BRIERLY	Director	1.00	Director	$0	$0	$0
MING MIN HUI	Secretary	1.00	Officer Director	$0	$0	$0
RATHI KUMAR-THRU 224	Director	1.00	Director	$0	$0	$0
JAMIE BOSKET	Director	1.00	Director	$0	$0	$0
SEB CHAN	Director	1.00	Director	$0	$0	$0
DAN HOFFER	Director	1.00	Director	$0	$0	$0
W ALLEN LEE	Director	1.00	Director	$0	$0	$0
TAMOUR KOUSHA	Director	1.00	Director	$0	$0	$0
JAMIE LEMUS	Director	1.00	Director	$0	$0	$0
MICHAEL OCKWELL	Chairman	1.00	Officer Director	$0	$0	$0
EZRA WIESNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SEAN WRIGHT	Treasurer	1.00	Officer Director	$0	$0	$0
COOKIE RUIZ	Director	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	$67,865,978	$69,101,498	$17,878,918	$-1,235,520
2023	$62,610,581	$63,084,768	$19,152,003	$-474,187
2022	$52,155,405	$54,972,236	$18,701,052	$-2,816,831
2021	$43,977,511	$42,150,972	$21,809,645	$1,826,539
2020	$40,653,155	$39,686,945	$20,653,947	$966,210
2019	$44,308,500	$44,088,632	$14,135,927	$219,868
2018	$40,483,148	$39,958,717	$12,757,869	$524,431

TESSITURA NETWORK INC