THE MATTRESS FACTORY LTD (EIN 251338941) - 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

1977

Legal Domicile

Principal Officer

DAVID ORESICK

Phone

4122313169

Tax Period

2024-01-01 to 2024-12-31

THE MATTRESS FACTORY LTD, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $650K, a strong 22% operating margin.

Mission

AS A MUSEUM OF CONTEMPORARY ART, IT COMMISSIONS NEW SITE-SPECIFIC WORKS, PRESENTS THEM TO THE WIDEST POSSIBLE AUDIENCE AND MAINTAINS SELECTED INDIVIDUAL INSTALLATIONS IN A GROWING AND DISTINCTIVE PERMANENT COLLECTION.

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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 $2,183,777

Program Service Revenue $602,999

Investment Income $60,952

Other Revenue $85,931

TOTAL REVENUE $2,933,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,253,745

Fundraising Expenses $33,306

Program Expenses $1,913,481

Other Expenses $1,029,877

TOTAL EXPENSES $2,283,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,933,659	$2,207,638	+0.3%
Expenses	$2,283,622	$2,621,860	-0.1%
Net Income	$650,037	$-414,222	-2.6%

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

Volunteers

N/A

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

$116,032

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KOSTIEW	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH CHODOS	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN WONGCHAOWART	SECRETARY	1.00	Officer Director	$0	$0	$0
ALAN WELLS	TRUSTEE	1.00	Director	$0	$0	$0
MARY NAVARRO	TRUSTEE	1.00	Director	$0	$0	$0
ZACH MALONE	TRUSTEE	1.00	Director	$0	$0	$0
ANDI IRWIN	TRUSTEE	1.00	Director	$0	$0	$0
RACHEL SCHMIDHOFER	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY AUGUSTINE SONGCO	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT STRAUSS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LANTZ	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL HEIT	TRUSTEE	1.00	Director	$0	$0	$0
LISA CIBIK	TRUSTEE	1.00	Director	$0	$0	$0
DEDE ACER	TRUSTEE	1.00	Director	$0	$0	$0
SHERRY DUCARME	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ORESICK	EXECUTIVE DIRECTOR	38.50	Officer	$101,114	$14,918	$116,032

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	$2,933,659	$2,283,622	$7,777,406	$650,037
2023	$2,207,638	$2,621,860	$6,277,931	$-414,222
2022	$3,026,335	$2,692,786	$6,609,381	$333,549
2021	$2,768,754	$2,330,411	$6,739,687	$438,343
2020	$1,919,268	$1,947,808	$6,389,147	$-28,540
2019	$2,293,654	$2,326,983	$6,057,729	$-33,329
2018	$2,432,257	$2,586,829	$6,119,606	$-154,572

THE MATTRESS FACTORY LTD